ANNUAL REPORT 2023 115 MATERIALITY MATTERS (cont’d) To decide which employees are involved in the succession planning process, MYEG looks at the scores of individuals in the annual performance. The HOD will evaluate and review these scores and from this will identify the top performers of the respective departments. There are 14 positions identified as Critical Positions and required to be part of the SPP which are shown below (this list may be subject to change and will be reviewed annually): Job Position Number of Positions FY2021 FY2022 FY2023 Divisional Heads and Above 4 4 4 Project Heads 2 2 2 Business Unit Heads 2 2 1 Function Heads and Regional Heads 6 6 6 The potential successors for SPP are to be selected from the following pool of talents in the Group: r Natural successor, i.e. immediate subordinate of a critical position; or r Top 5% performers within the team, based on the performance appraisal; or r Team members identified by top management with the right traits and characteristics for Critical Positions. To monitor the effectiveness of the SPP, the following are conducted: r Half Yearly Self-Assessment Reports by the potential successors; and r The incumbents are to provide yearly assessments on the readiness of the potential successors. There will be no timeline or target completion date of the SPP for the Critical Positions. However, in the event that the management finds the progress to be unsatisfactory, HR will be required to step in to ensure the smooth running of SPP. With this opportunity comes specific leadership training programmes that ensure leaders have the necessary skills. Leadership roles require a high amount of responsibility at MYEG as these are the people that guide many decisions within the organisation. The entire process of placing people in management positions shows how the Group maintains a high level of performers in important roles within the Group. Whilst most of the senior management are local, all of them possess the required talent that ensures sustainability for MYEG’s future. EMPLOYEE ENGAGEMENT Employee engagement remains an important communication and interaction tool for MYEG to constantly enhance the relationship between employees and managers. The following employee engagement activities were carried out in FY2023: r Scheduled monthly onboarding / orientation r Scheduled monthly training for employees r Blood donation campaign r Visitation to employees that are under prolonged illness and warded r Visitation to family members (in the case of a deceased employee) SUSTAINABILITY STATEMENT
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