140 CORPORATE GOVERNANCE STATEMENT The Board recognises the importance of corporate governance and is committed to ensuring that the principles and best practices outlined in the MCCG and Corporate Governance Guide (4th Edition) are observed and practised throughout the Group. This commitment ensures that the affairs of the Group are conducted with integrity BOE QSPGFTTJPOBMJTN JO DPNQMJBODF XJUI BQQMJDBCMF MBX SFHVMBUPSZ SFRVJSFNFOUT BOE FUIJDBM TUBOEBSET 5IF #PBSE T PCKFDUJWF JT UP TBGFHVBSE TIBSFIPMEFST JOWFTUNFOUT FOIBODF TIBSFIPMEFS WBMVF BOE QSPNPUF TVTUBJOBCMF development. The Board acknowledges that a robust corporate governance framework is essential for driving financial performance BOE EFMJWFSJOH MPOH UFSN BOE TVTUBJOBCMF WBMVF UP TIBSFIPMEFST *O UIJT SFHBSE UIF #PBSE IBT DPNQMJFE XJUI UIF .$$( and all relevant laws and regulations pertaining to corporate governance. This Corporate Governance Statement (“CG Statement”) outlines the commitment of the Board to ethical behaviour and transparency in all aspects of UIF (SPVQ T CVTJOFTT TUSBUFHZ PQFSBUJPOT BOE DPSQPSBUF DVMUVSF 5IF HPBM JT UP BDIJFWF TVTUBJOBCMF HSPXUI GPTUFS TUBLFIPMEFS USVTU BOE FOIBODF UIF (SPVQ T SFQVUBUJPO BT B SFTQPOTJCMF DPSQPSBUF DJUJ[FO 5IF #PBSE JT QMFBTFE UP QSFTFOU UIJT $( TUBUFNFOU XIJDI EFUBJMT IPX UIF (SPVQ IBT BEPQUFE BOE BQQMJFE UIF principles and complied with the best practices set out in the MCCG and Paragraph 15.25 of the MMLR of Bursa Securities. A. BOARD LEADERSHIP AND EFFECTIVENESS i. Board Responsibilities 1. Board of Directors 5IF (SPVQ JT MFE CZ BO FGGFDUJWF BOE FYQFSJFODFE #PBSE DPNQSJTJOH PG NFNCFST GSPN EJWFSTF CBDLHSPVOE BOE TQFDJBMJTBUJPOT $PMMFDUJWFMZ UIFZ QPTTFTT B XJEF SBOHF PG FYQFSUJTF JO BSFBT TVDI BT àOBODF DPSQPSBUF BGGBJST BDDPVOUJOH NBSLFUJOH IVNBO SFTPVSDFT UFDIOPMPHZ BOE MFHBM NBUUFST 5IJT EJWFSTJUZ PG TLJMMT FYQFSJFODF BOE knowledge strengthens the Board’s leadership in managing and directing the Group’s operations. A clear division of responsibilities between the Board and Management ensures that no single individual or group dominates the decision-making process. *OEJWJEVBMMZ FBDI %JSFDUPS IBT B MFHBM EVUZ UP BDU JO UIF CFTU JOUFSFTU PG UIF (SPVQ $PMMFDUJWFMZ UIF #PBSE JT GVMMZ aware of its responsibilities to the stakeholders for managing the Group’s affairs. The Board’s responsibilities JODMVEF BNPOHTU PUIFST r 1SPNPUJOH (PPE (PWFSOBODF 8PSLJOH XJUI 4FOJPS .BOBHFNFOU UP GPTUFS B DPSQPSBUF HPWFSOBODF DVMUVSF UIBU SFJOGPSDFT FUIJDBM QSVEFOU BOE QSPGFTTJPOBM CFIBWJPVS r 4USBUFHJD 0WFSTJHIU 3FWJFXJOH DIBMMFOHJOH BOE EFDJEJOH PO .BOBHFNFOU T QSPQPTBMT GPS UIF (SPVQ BOE monitoring their implementation; r -POH 5FSN 7BMVF $SFBUJPO &OTVSJOH UIF (SPVQ T TUSBUFHJD QMBO TVQQPSUT MPOH UFSN WBMVF DSFBUJPO JODPSQPSBUJOH FDPOPNJD FOWJSPONFOUBM BOE TPDJBM DPOTJEFSBUJPOT VOEFSQJOOJOH TVTUBJOBCJMJUZ r 1FSGPSNBODF .POJUPSJOH 4VQFSWJTJOH BOE BTTFTTJOH .BOBHFNFOU T QFSGPSNBODF UP FOTVSF UIF CVTJOFTT JT being properly managed; r 3JTL .BOBHFNFOU &TUBCMJTIJOH B TPVOE GSBNFXPSL GPS SJTL NBOBHFNFOU BOE JOUFSOBM DPOUSPMT r 3JTL "QQFUJUF 6OEFSTUBOEJOH UIF QSJODJQBM SJTLT PG UIF (SPVQ T CVTJOFTT SFDPHOJTJOH UIBU CVTJOFTT EFDJTJPOT JOWPMWF UBLJOH BQQSPQSJBUF SJTLT BOE TFUUJOH UIF SJTL BQQFUJUF XJUIJO XIJDI .BOBHFNFOU JT expected to operate; r 3JTL 'SBNFXPSL &OTVSJOH BO BQQSPQSJBUF 3JTL .BOBHFNFOU 'SBNFXPSL JT JO QMBDF UP JEFOUJUZ BOBMZTF FWBMVBUF NBOBHF BOE NPOJUPS TJHOJàDBOU àOBODJBM BOE OPO àOBODJBM SJTLT r 4VDDFTTJPO 1MBOOJOH &OTVSJOH 4FOJPS .BOBHFNFOU QPTTFTTFT UIF OFDFTTBSZ TLJMMT BOE FYQFSJFODF BOE implementing measures for the orderly succession of the Board and Senior Management; r 4UBLFIPMEFS $PNNVOJDBUJPO &TUBCMJTIJOH QSPDFEVSFT UP FOBCMF FGGFDUJWF DPNNVOJDBUJPO XJUI TUBLFIPMEFST and r 3FQPSUJOH *OUFHSJUZ &OTVSJOH UIF JOUFHSJUZ PG UIF (SPVQ T àOBODJBM BOE OPO àOBODJBM SFQPSUJOH
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