My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 104 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) II. Board Composition (cont’d) 2. Independency of Independent Directors 'PS *OEFQFOEFOU %JSFDUPST XIJDI FYDFFET B DVNVMBUJWF UFSN PG OJOF ZFBST UIF #PBSE XPVME KVTUJGZ BOE TFFL BOOVBM TIBSFIPMEFST BQQSPWBM GPS SF BQQPJOUNFOU The Independent Directors play a crucial role in corporate accountability and provide unbiased views and JNQBSUJBMJUZ UP UIF #PBSE T EFMJCFSBUJPOT BOE EFDJTJPO NBLJOH QSPDFTT *O BEEJUJPO UIF *OEFQFOEFOU %JSFDUPST ensure that matters and issues brought to the Board are given due consideration, fully discussed and examined, taking into account the interest of all stakeholders. The Board, via the NC assesses each Director’s JOEFQFOEFODF UP FOTVSF PO HPJOH DPNQMJBODF XJUI UIJT SFRVJSFNFOU BOOVBMMZ %VSJOH UIF ZFBS UIF /$ BTTFTTFE BOE FOEPSTFE %BUVL .PIE +JNNZ 8POH #JO "CEVMMBI BOE 5BO 4SJ %BUP %S .VIBNNBE 3BJT #JO "CEVM ,BSJN XIP IBWF TFSWFE BT *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPST PG UIF $PNQBOZ GPS B DVNVMBUJWF UFSN PG NPSF UIBO OJOF ZFBST BOE SFDPNNFOEFE UIFN UP DPOUJOVF UP BDU BT *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPST PG UIF $PNQBOZ CBTFE PO UIF GPMMPXJOH KVTUJàDBUJPOT B UIFZ IBWF GVMàMMFE UIF DSJUFSJB VOEFS UIF EFàOJUJPO PG *OEFQFOEFOU %JSFDUPS BT TUBUFE JO UIF ..-3 PG #VSTB 4FDVSJUJFT BOE UIFSFGPSF XFSF BCMF UP CSJOH JOEFQFOEFOU BOE PCKFDUJWF KVEHNFOU UP UIF #PBSE b. their experience enables them to provide the Board with a diverse set of experience, expertise, skills and DPNQFUFODF c. they have been with the Company long and therefore understand the Group’s business operations which enable them to participate actively and contribute independent judgement yet providing strategic guidance during deliberations or discussions at all board committees meetings namely NC, RC, AC and RMC and #PBSE NFFUJOHT d. they have contributed sufficient time and efforts and attended all the board committees’ meetings and #PBSE NFFUJOHT GPS JOGPSNFE BOE CBMBODFE EFDJTJPO NBLJOH BOE F UIFZ IBWF FYFSDJTFE EVF DBSF EVSJOH UIFJS UFOVSF BT *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPST PG UIF $PNQBOZ and carried out their professional duties in the interest of the Group and shareholders. The NC is satisfied that the Independent Directors are independent of the management and free from any business or other relationships which could interfere with the exercise of independent judgement, objectivity and the ability to act in the best interest of the Group. 3. Appointment of Board and Senior Management The Board comprises of a collective number of individuals with extensive complementary knowledge and competencies, as well as expertise to make active, informed and positive contribution to the management of the Group in terms of the business’ strategic direction and development. The appointment of the Board and its Senior Management are based on objective criteria, merit and with due regard for diversity in skills, experience, age, cultural background and gender. The NC will assess the suitability of the candidates before formally considering and recommending them for appointment to the Board. In proposing its recommendation, the NC will consider and evaluate the candidates’ required skills, knowledge, expertise, competence, experience, characteristics, professionalism. For appointment of Independent Directors, considerations will also be given to whether the candidates meet the requirements for JOEFQFOEFODF BT EFàOFE JO ..-3 PG #VSTB 4FDVSJUJFT BOE UJNF DPNNJUNFOU FYQFDUFE GSPN UIFN UP BUUFOE UP matters of the Company in general, including attending meetings of the Board, board committees and AGM. During the year, the Board with the recommendation of the NC, approved the appointment of Dato’ Sri Mohd .PLIUBS #JO .PIE 4IBSJGG BT *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPS PG UIF $PNQBOZ FGGFDUJWF /PWFNCFS CORPORATE GOVERNANCE STATEMENT (CONT’D)