147 GOVERNANCE A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) i. Board Responsibilities (cont’d) 6. Board Committees (cont’d) Audit Committee 5IF "$ BTTJTUT JO QSPWJEJOH PWFSTJHIU PG UIF (SPVQ T àOBODJBM SFQPSUJOH EJTDMPTVSF SFHVMBUPSZ DPNQMJBODF BOE NPOJUPSJOH PG JOUFSOBM DPOUSPM QSPDFTTFT "EEJUJPOBMMZ UIF "$ SFWJFXT UIF RVBSUFSMZ àOBODJBM SFTVMUT VOBVEJUFE BOE BVEJUFE àOBODJBM TUBUFNFOUT JOUFSOBM BOE FYUFSOBM BVEJU SFQPSUT SFQPSUBCMF SFMBUFE QBSUZ USBOTBDUJPOT conflict of interest and potential conflict of interest situations. 5IF DPNQPTJUJPO OVNCFS PG NFFUJOHT IFME BOE B EFTDSJQUJPO PG UIF BDUJWJUJFT DBSSJFE PVU CZ UIF "$ EVSJOH UIF year are detailed in the AC Report as set out in this IAR2024. A copy of the AC’s Terms of Reference is available on the Group’s website at https://www.myeg.com.my/investor-relations/governance. 7. Board Charter The Group has established a Board Charter to promote high standards of corporate governance. The Board Charter provides guidance and clarity to Directors and Management regarding the roles of the Board and its $PNNJUUFFT *U PVUMJOFT UIF LFZ WBMVFT BOE QSJODJQMFT PG UIF (SPVQ BT XFMM BT UIF EVUJFT BOE SFTQPOTJCJMJUJFT PG UIF #PBSE UIF $IBJSNBO PG UIF #PBSE UIF (SPVQ .BOBHJOH %JSFDUPS *OEFQFOEFOU %JSFDUPST BOE #PBSE Committees. The Board Charter also provides structured guidance and ethical standards for the Board to follow in discharging their duties and operating practices. The Board has a formal schedule of matters reserved for its deliberation to ensure robust governance practices are in place for the Group. These schedules of matters reserved include: r $POáJDU PG JOUFSFTU JTTVFT SFMBUJOH UP B TVCTUBOUJBM TIBSFIPMEFS PS B EJSFDUPS JODMVEJOH BQQSPWJOH SFMBUFE party transactions; r .BUFSJBM BDRVJTJUJPOT BOE EJTQPTBM PG BTTFUT OPU JO UIF PSEJOBSZ DPVSTF PG CVTJOFTT JODMVEJOH TJHOJàDBOU capital expenditures; r 4USBUFHJD JOWFTUNFOUT NFSHFST BOE BDRVJTJUJPOT BOE DPSQPSBUF FYFSDJTFT r -JNJUT PG BVUIPSJUZ r 5SFBTVSZ QPMJDJFT r 3JTL NBOBHFNFOU QPMJDJFT r ,FZ IVNBO SFTPVSDF JTTVFT BOE r #VTJOFTT QMBOT The Board Charter is reviewed annually by the Board to ensure it remains aligned with changes in legislations BOE CFTU QSBDUJDFT NBJOUBJOJOH JUT FGGFDUJWFOFTT BOE SFMFWBODF UP UIF #PBSE T PCKFDUJWFT A copy of the Board Charter is available on the Group’s website at https://www.myeg.com.my/investor-relations/governance. 8. Code of Conduct, Code of Ethics, Code of Business Ethics and Conflict of Interest Policy 5IF (SPVQ IBT FTUBCMJTIFE B $PEF PG $POEVDU $PEF PG &UIJDT BOE $PEF PG #VTJOFTT &UIJDT UP QSPNPUF B corporate culture that encourages ethical conduct throughout the organisation. The Board is committed to fostering this culture across the Group. 5IF $PEF PG $POEVDU JT GPVOEFE PO QSJODJQMFT PG USVTU JOUFHSJUZ SFTQPOTJCJMJUZ FYDFMMFODF MPZBMUZ DPNNJUNFOU EFEJDBUJPO EJTDJQMJOF EJMJHFODF BOE QSPGFTTJPOBMJTN 5IF $PEF PG &UIJDT JT CBTFE PO UIF QSJODJQMFT PG TJODFSJUZ JOUFHSJUZ USBOTQBSFODZ BDDPVOUBCJMJUZ BOE DPSQPSBUF TPDJBM SFTQPOTJCJMJUZ 5IF $PEF PG #VTJOFTT &UIJDT PVUMJOFT the standards of ethical business practices and conduct expected from all business associates. The Group VQIPMET UIFTF QSJODJQMFT BOE WBMVFT JO JUT EFBMJOHT XJUI FNQMPZFFT DVTUPNFST TVQQMJFST BOE CVTJOFTT QBSUOFST CORPORATE GOVERNANCE STATEMENT (cont’d)
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