BOARD ACTIVITIES AND TASKS IN FY2023 During the financial year, the Board has undertaken the following activities and tasks either directly or through the respective Board Committees or management committees. The said Board Committees are the Audit Committee (“AC”), Nomination Committee (“NC”), Remuneration Committee (“RC”), Risk Management Committee (“RMC”) and the Sustainability Committee (“SC”). STRATEGIC FOCUS ACTIVITIES AND ACCOMPLISHMENTS Financial and Operational • Review of quarterly and year-end financial results as well as audit related matters • Review of financial and operational performance against budget, cash flow and proposed dividends • Review of recurrent related party transactions as recommended by the Audit Committee • Review of performance bonus and annual salary increment for FY2023 • Review of dividend payout proposals • Review of Group Financial Plan and operational budget FY2024 Strategic Plans and Investments • Review and approval of landbank acquisitions • Review and approve business plan • Review and approval of all corporate proposals including strategic alliances, MOUs and business partnerships • Review of overall business strategy and the setting and adjustment of broad goals and overall strategic direction Corporate Governance • Ensuring good governance practices in line with the MCCG and Main Market Listing Requirements (“MMLR”) of Bursa Malaysia. • Continuing to stay abreast of current developments in corporate governance practices • Ensuring continued progress and improvement across the Group in terms of creating a corporate governance oriented mindset and culture • Ensuring Board diversity, evaluation and effectiveness Sustainability • Matching business goals and objectives with relevant Economic, Environment and Social perspectives to ensure the Group’s profitability and growth are consistent with sustainability principles and create positive impact and value for all stakeholders • Review of the mid-year and annual sustainability reports CORPORATE GOVERNANCE OVERVIEW STATEMENT INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 106 OUR GOVERNANCE
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