79 The BDEE was carried out through questionnaires, followed by discussions during the NRC and Board meetings, focussing on the evaluation outcomes and formulated improvement plans. Additionally, Board members provided feedback on areas for improvement during the BDEE exercise, alongside the standard areas of assessment. The assessment of the Board and Board Committees covered, among others, the following areas: Board Board Committees Individual AC members • Board composition, development and structure • Board leadership • Board governance oversight and processes • Sustainability governance • Board agenda, meetings and information • Board dynamics and culture • Board and management relationship • Board and stakeholder engagement • Composition and experience of members • Fulfilment of objectives in line with their respective TORs • Effectiveness and efficiency of decision-making process • Quality of information communicated to the Board • Effectiveness of the Board Committees’ Chairmen • Execution of responsibilities, financial literacy and the understanding of business/industry • Understanding of significant accounting policies, accounting estimates and financial reporting practices • Understanding of significant financial and non-financial risks • Internal control systems and risk management practices Based on the BDEE exercise carried out for financial year 2024, the Board concurred with the NRC that the Board and Board Committees have consistently performed well, discharged their duties and responsibilities satisfactorily and that the Directors possess the required character, experience, integrity, competence and time to effectively discharge his or her respective roles. The Independent Directors have continuously brought independent and objective judgement to the Board deliberations. Overall, the results of the BDEE for the financial year under review demonstrate that the Board is functioning effectively given its organisational model and board structure. The Directors have shown a high level of commitment to their fiduciary duties and have consistently fulfilled their responsibilities as members of the Board and relevant Board Committees. The Board will take the necessary actions to address areas that could be further strengthened. The Board has evaluated each Director standing for re-election at the Fifteenth Annual General Meeting (AGM) and upon assessing the Directors’ performance, commitment, ability to discharge their fiduciary duties to the Company, fitness and propriety, the Board agreed that they are eligible to stand for re-election and supported their re-election as Directors of the Company. Please refer to the explanatory notes of the Notice of Fifteenth AGM for further details on this matter. Directors’ Training The Board recognises the critical importance of continuous education for its Directors. To ensure they remain well-informed about relevant business developments and industry outlooks, the Directors are encouraged to participate in appropriate programmes, courses and seminars. This commitment ensures that Directors are equipped with the necessary skills and knowledge to effectively perform their duties and responsibilities. To support this initiative, the Company also organises an onboarding programme and orientation for new Directors. These programmes are facilitated internally by the Company Secretary. Directors consistently attend training sessions to stay updated on the latest trends and developments in the industry. During the financial year under review, several facility visits were arranged for the Directors, providing them with insights into the Company’s operations. In 2024, Tan Sri Dr Nik Norzrul Thani bin N Hassan Thani, Chua Bin Hwee and Yoichiro Endo were appointed as Directors of the Company. They have attended the Mandatory Accreditation Programme (MAP) and MAP Part II – Leading for Impact (LIP).
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