SECTION 3: OUR GOVERNANCE 114 CORPORATE GOVERNANCE OVERVIEW STATEMENT The Board of Directors (“Board“) of MST Golf Group Berhad (“Company“) maintains a vigilant stance in monitoring the governance structures of the Company and its subsidiaries, (“Group“). Regular discussions centre around optimising the Board’s engagement with the Group’s personnel and other stakeholders, emphasising the enhancement of existing initiatives to better grasp their perspectives. The Group takes its responsibilities seriously, ensuring that all members of the Group uphold principles of openness, honesty and transparency. As the Group navigates growth, sustaining a robust culture that aligns with its vision, strategy and values is imperative. The Group’s continuous efforts involve rigorous assessment and mitigation of principal risks through Board committees, with a commitment to transparent reporting on these activities. This governance section has been organised to offer a clear and transparent overview of the Board’s oversight. During the financial year ended 31 December 2023, the Group has made strides in enhancing its disclosures and welcome feedback and suggestions from all stakeholders. This Corporate Governance (“CG“) Overview Statement comprises Board committees’ reports and other mandated disclosures in accordance with the law. Combined with cross-references to relevant parts of the annual report, it encompasses all necessary information to demonstrate the Group’s application of the principles and provisions of the Malaysian Code on Corporate Governance 2021 (“MCCG 2021“). The CG Overview Statement shall be read together with the CG Report 2023, available on the Company’s website at: https://www.mstgolfgroup.com/investor-relations/reports-presentations/ For more information, please refer to pages 115 to 128 For more information, please refer to pages 129 to 130 For more information, please refer to pages 131 to 132 PRINCIPLE A PRINCIPLE B PRINCIPLE C BOARD LEADERSHIP AND EFFECTIVENESS • Our Governance Framework • Sustainability Governance • Board Oversight • Fit and Proper Policy • Access to Information and Advice • Board and Committee Roles and Attendance • Roles and Responsibilities • Board Activities During the Year • Induction, Training and Development • Board Performance • Nomination Committee Report • Directors’ Remuneration • Remuneration Committee Report EFFECTIVE AUDIT AND RISK MANAGEMENT • Audit and Risk Management Committee Report • Group Internal Audit INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS • Engaging with Our Stakeholders • General Meetings • Enquiries • Investor Relations • Financial Reporting and Disclosure • Statement by the Board
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