SECTION 3: OUR GOVERNANCE 118 Audit & Risk Management Committee Oversees key governance and risk management aspects. It reviews and approves its terms of reference, collaborates with external auditors on the audit scope and ensures the independence of the internal audit function. The committee assesses risk management and internal control effectiveness, sets policies for external auditors and reviews their non-audit services and performance. It recommends risk management systems, directs special projects or investigations and reviews financial statements, related party transactions and conflict of interest situations. The ARMC ensures proper procedures for addressing whistleblower allegations and oversees the disclosure of risk management and internal control matters in the annual report. Poh Ying Loo Chairperson 4/4 Alice Lee Chia Yee Member 4/4 Datin Suryani Binti Ahmad Sarji Member 4/4 ARMC CORPORATE GOVERNANCE OVERVIEW STATEMENT BOARD’S AND BOARD COMMITTEES’ ROLES AND ATTENDANCE The Board Cultivates a robust corporate governance culture emphasising ethics and professionalism. Responsibilities include reviewing and deciding on Management’s proposals, monitoring their implementation and ensuring the Group’s strategic plan aligns with long-term value creation, encompassing economic, environmental and social sustainability. The Board oversees Management’s conduct, establishes a strong framework for internal controls and risk management as well as sets the risk appetite. Corruption prevention measures include an annual risk-based review. The Board ensures the Group’s senior management (“Senior Management“)’s skills, succession planning and effective stakeholder communication procedures as well as upholds the integrity of the Group’s financial and non-financial reporting. Low Kok Poh Executive Chairman 5/5 Ng Yap Sio Executive Director and Group CEO 5/5 Ng Lian Chun Executive Director 5/5 Poh Ying Loo Independent Non-Executive Director 5/5 Datin Suryani Binti Ahmad Sarji Independent Non-Executive Director 5/5 Alice Lee Chia Yee Independent Non-Executive Director 5/5 PRINCIPLE A BOARD LEADERSHIP AND EFFECTIVENESS
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