My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 72 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) 6. Board Committees (cont’d) RC (cont’d) The RC comprises three (3) members and are composed as follows for the FP2019:- RC Members Designation Tan Sri Dato’ Dr. Muhammad Rais Bin Abdul Karim Chairman %BUVL .PIE +JNNZ 8POH #JO "CEVMMBI Member Mr Wong Thean Soon (resigned on 27 September 2019) Member Mr Wong Kok Chau (appointed on 27 September 2019) Member During the FP2019, the RC held one (1) meeting and all members registered full attendance. Below is a summary of the key activities undertaken by the RC in the discharge of its duties:- (a) Reviewed the remuneration package of the Executive Directors and Senior Management within the Group; (b) Reviewed and recommended the Directors’ fees and benefits payable to the Independent Non-Executive Directors of the Company to the Board of Directors; (c) Reviewed the Directors’ and Senior Management Remuneration Policy; and (d) Reviewed the Terms of Reference of the RC. A copy of the RC’s Terms of Reference can be found on the Group’s website at https://www.myeg.com.my/ investor_relations (under the “Corporate Governance” tab). 7. Board Charter The Group has established a Board Charter to promote high standards of corporate governance which is designed to provide guidance and clarity to Directors and the management with regard to the role of the Board and its Committees. The Board Charter clearly sets out the key values and principles of the Group and further sets out the duties and responsibilities of the Board, the Chairman of the Board, the Group Managing Director, the Independent Director and the board committees. The Board Charter also provides structure guidance and ethical standards for the Board in discharging their duties towards the Group as well as its operating practices. The Board has a formal schedule of matters reserved for the deliberation as set out below, to ensure good governance is in place for the Group:- z Conflict of interest issues relating to a substantial shareholder or a Director including approving related party transactions z Material acquisitions and disposal of assets not in the ordinary course of business including significant capital expenditures z Strategic investments, mergers and acquisitions and corporate exercises z Limits of authority z Treasury policies z Risk management policies z Key human resource issues z Business plans The Board Charter is reviewed annually by the Board to ensure it complies with legislations and best practices, and remains effective and relevant to the Board’s objectives. A copy of the Board Charter can be found on the Group’s website at https://www.myeg.com.my/investor_ relations (under the “Corporate Governance” tab). CORPORATE GOVERNANCE STATEMENT (CONT’D)