A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) 5. Continuous Development of the Board (cont’d) Furthermore, the Company Secretary also highlights changes to the relevant guidelines on statutory and regulatory requirements to the Board from time to time. The external auditors on the other hand, brief the Board on changes to the MFRS that affect the Group’s financial statements during the year. In addition, the Directors receive regular briefings and updates on the Group’s businesses, operations, risk management activities and human resource matters. 6. Board Committees Nomination Committee The NC oversees matters related to the nomination of new Directors, annually reviews the required mix of skills, experience, and other requisite qualities of Directors, as well as the annual assessment of the effectiveness of the Board as a whole, Board Committees and the contribution of each individual Director. The NC also identifies candidates to fill board vacancies, and nominates them for approval by the Board. The NC comprises of three (3) members, of whom two (2) are Independent Non-Executive Directors and one (1) Non-Independent Non-Executive Director. The composition of the NC is as follows: NC Members Designation Mohaini binti Mohd Yusof Chairman, Independent Non-Executive Director Dato’ Sri Mohd Mokhtar bin Mohd Shariff Member, Independent Non-Executive Director Datuk Mohd Jimmy Wong bin Abdullah Member, Non-Independent Non-Executive Director During the FY2023, the NC had held one (1) meeting and all members registered full attendance. Below is a summary of the key activities undertaken by the NC in the discharge of its duties: (a) Reviewed the Terms of Reference of the NC; (b) Reviewed the following Policies:- r %JSFDUPST "TTFTTNFOU 1PMJDZ r 4VDDFTTJPO 1MBOOJOH 1PMJDZ r *OEFQFOEFOU %JSFDUPST 5FOVSF 1PMJDZ r %JSFDUPST 'JU BOE 1SPQFS 1PMJDZ (c) Determined Directors who are subject to re-election by rotation; (d) Reviewed the mix skills, experience, and other requisite qualities of Directors; (e) Reviewed the composition of the Board and Board Committees; (f) Reviewed the independence of the Independent Directors; (g) Conducted annual assessment on effectiveness and performance of the Board, the Board Committees and the individual Directors; (h) Reviewed the performance and term of office of AC; and (i) Reviewed and assessed Directors’ training needs. A copy of the NC’s Terms of Reference can be found on the Group’s website at https://www.myeg.com.my/investor-relations/governance. CORPORATE GOVERNANCE STATEMENT (cont’d) ANNUAL REPORT 2023 137 (a) Reviewed the Terms of Reference of the NC; %JSFDUPST "TTFTTNFOU 1PMJDZ 4VDDFTTJPO 1MBOOJOH 1PMJDZ *OEFQFOEFOU %JSFDUPST 5FOVSF 1PMJDZ GOVERNANCE
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