My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 105 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) II. Board Composition (cont’d) 4. Gender Diversity While the Board acknowledges the need to promote gender diversity within its composition and endeavour to increase female participation in the Board and Senior Management, it has decided not to set any specific targets as the Board believes that it is more important to have the right mix and skills for such positions. The Board has no specific policy on setting targets on female candidates to be appointed to the Board. With the current composition of one (1) female Director who is also the Executive Chairman, the Board is in the opinion that its members have the necessary knowledge, experience, diverse range of skills and competence to enable them to discharge their duties and responsibilities effectively. The NC will however continue to take steps to ensure suitable female candidates are sought as part of its recruitment exercise. 5. Identifying Suitable Candidates Any proposed appointment of a new member to the Board will be deliberated by the full Board based on the qualifications and experience of the proposed director. The NC would be guided by an internal policy on criteria and skill sets for the Board members in assessing the suitability of the potential candidates for appointment to the Board. During FY2020, the Board has utilised independent search firms in identifying suitable candidates for appointment of Director. 6. Chairman of the NC 5IF /$ JT MFE CZ %BUVL .PIE +JNNZ 8POH #JO "CEVMMBI UIF *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPS XIP EJSFDUT the NC for succession planning, appointment of Board members and Senior Management by conducting annual review of board effectiveness and skill assessments. This provides the NC with relevant information of the Group’s needs, allowing it to source for suitable candidates when the need arises. 7. Annual Evaluation The NC is responsible in evaluating the performance and effectiveness of the entire Board, the board committees and individual Director on a yearly basis. The evaluation process is led by the NC’s Chairman and supported by the Company Secretary via questionnaires. The NC reviews the outcome of the evaluation and recommends to the Board on areas for continuous improvement and also for them to form the basis of recommending relevant %JSFDUPST GPS SF FMFDUJPO BU UIF "(. On 3 March 2021, the NC assessed the effectiveness of the Board, its Committees and the contribution of each Director by identifying the strengths and weaknesses of the Board. The assessment criteria used in the assessment of Board and individual Directors includes mix of skills, LOPXMFEHF #PBSE EJWFSTJUZ TJ[F BOE FYQFSJFODF PG UIF #PBSE DPSF DPNQFUFODJFT BOE DPOUSJCVUJPO PG FBDI Director. The board committees were assessed based on their roles and responsibilities, scope and knowledge, frequency and length of meetings, supply of sufficient and timely information to the Board and also overall effectiveness and efficiency in discharging their function. CORPORATE GOVERNANCE STATEMENT (CONT’D) GOVERNANCE