123 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD In conclusion, the annual assessment revealed positive findings regarding the contribution of each Director, effectiveness of the Board and Board Committees, diversity, independence and overall governance practices. While areas for improvement were identified, the Board remains well-positioned to fulfil its responsibilities and drive the organisation forward. OUTPUT OF BOARD EVALUATION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Based on the annual assessment conducted, the following recommendations are proposed to enhance Board effectiveness and governance practices: • The Board and Board Committees have demonstrated a strong commitment to fulfilling their roles and responsibilities. • Directors have actively engaged in discussions, provided valuable insights and contributed towards a sound decision-making. • The Board Committees have effectively overseen their respective areas of responsibility, ensured compliance and addressed emerging issues. Contribution of each Director and effectiveness of the Board and Board Committees • Both Independent Directors and Executive Directors exhibit high levels of character, integrity and competence, contributing positively to Board dynamics and decision-making. • Efforts have been made to ensure Directors have adequate time to discharge their duties and responsibilities effectively. The character, experience, integrity and competence of the Independent Directors and Executive Directors to ensure they duly discharge their roles effectively and efficiently TENURE The Group underscores the importance of periodically refreshing the Board’s composition, implementing a nine-year term limit for INED, with the potential for re-appointment up to a maximum of twelve years. • Continuously monitor and address any diversity gaps within the Board and Board Committees. • Provide ongoing training and development opportunities for all Directors to enhance their skills and competencies, including orientation training for new directors, training on governance and regulatory compliance, financial literacy and risk management training and training on sustainability topics. • Implement measures to strengthen communication channels and decision-making processes. • Regularly review and update governance policies and procedures to align with regulatory requirements and best practices.
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