70 8IFO JU DPNFT UP UIF SFNVOFSBUJPO PG TFOJPS FYFDVUJWFT .:&( IBT B %JSFDUPST BOE 4FOJPS .BOBHFNFOU Remuneration Policy. Senior Management remuneration currently does not include long-term incentives or mechanisms and ESG performance. .:&( SFNBJOT DPNNJUUFE UP SPUBUJOH JUT BVEJUPS JO DIBSHF EVSJOH UIF DPNNFODFNFOU PG FBDI BVEJU DZDMF XJUI FBDI cycle using a different audit person. Full disclosure of the policies above can be downloaded from our Investor Relations portal at https://www.myeg.com.my/investor-relations/governance. These policies are annually evaluated to maintain their durable efficacy or amended if there are updates by relevant regulatory bodies or Acts. RISK MANAGEMENT &GGFDUJWF SJTL NBOBHFNFOU JT BO JOUFHSBM QBSU PG .:&( SFDPHOJTJOH UIF JNQPSUBODF PG B TPVOE SJTL NBOBHFNFOU TZTUFN BDSPTT BMM BTQFDUT PG UIF PSHBOJTBUJPO JO FOBCMJOH UIF (SPVQ UP BTTFTT NJOJNJTF BOE NJUJHBUF QPUFOUJBM SJTLT UIBU NBZ IBWF BO BEWFSTF JNQBDU PO UIF PSHBOJTBUJPO JODMVEJOH TBGFHVBSEJOH TIBSFIPMEFST JOWFTUNFOUT UIF (SPVQ T BTTFUT BOE PUIFS TUBLFIPMEFST BTTPDJBUFE XJUI .:&( T PQFSBUJPOT MYEG’s Risk Management Policy is the starting point in the risk management initiative and has been prepared to ensure that risk management becomes a concern for every personnel in the Group and that risk management QSBDUJDFT BSF DPOTJTUFOU UISPVHIPVU UIF (SPVQ JOWPMWJOH FNQMPZFFT BU BMM MFWFMT XJUIJO UIF EJGGFSFOU CVTJOFTT VOJUT J F EFQBSUNFOUT TFDUJPOT BOE CVTJOFTT DFOUSFT PG UIF (SPVQ 0UIFS UIBO VTJOH UIF *40 GSBNFXPSL BT PVS SJTL NBOBHFNFOU TUBOEBSE .:&( BMTP SFGFST UP (3* **3$ BOE SFMBUFE SFQPSUJOH GSBNFXPSLT UP IFMQ JOGPSN JUT SJTL management system. The Heads of Departments of various functions support the RMC in the overall risk management process by assessing key strategic and operational risks. 5IF 3.$ SBJTFT BOZ QPUFOUJBM SJTLT JU JEFOUJàFT UP UIF #PBSE HJWFO UIBU UIF #PBSE NBJOUBJOT VMUJNBUF PWFSTJHIU PG MYEG’s risk management process. These potential risks are subsequently deliberated at scheduled Board meetings. Material ESG topics and related risks are progressively being discussed and embedded in MYEG’s overall risk BQQSPBDI HJWFO UIBU &4( JTTVFT BSF IBWJOH B HSPXJOH JNQBDU PO B WBSJFUZ PG GBDUPST TVDI BT àOBODJBM BOE OPO àOBODJBM WBMVF DSFBUJPO BDDFTT UP àOBODJOH CSBOE SFQVUBUJPO BOE NPSF .:&( T TZTUFN PG JOUFSOBM DPOUSPM BOE SJTL NBOBHFNFOU QSBDUJDFT UIFSFGPSF DPOUJOVPVTMZ FWPMWFT UP NFFU UIF DIBOHJOH BOE DIBMMFOHJOH CVTJOFTT FOWJSPONFOU which includes preparing for possible major ESG catastrophic events and incidents by having in place suitable response plans. The full details of our risk management framework and structure can be referred to in the Risk Management and Internal Control Statement of our report on page 163. STRONG ANTI-BRIBERY AND ANTI-CORRUPTION POSITION .:&( EPFT OPU FOHBHF JO OPS DPOEPOF DPSSVQU QSBDUJDFT PG BOZ GPSN SFDPHOJTJOH UIBU DPSSVQUJPO DBO MFBE UP àOBODJBM MPTTFT BT XFMM BT EBNBHF UIF (SPVQ T SFQVUBUJPO BOE CSBOE XIJDI DBO UIFO BGGFDU USVTU BNPOH VTFST investors and stakeholders. MYEG’s robust Anti-Bribery and Anti-Corruption (“ABACu QPMJDZ TUBODF DPOUJOVFT UP CF NBJOUBJOFE JO QVSTVBOU PG Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACCA”). The MACCA came into force on 1 June 2020 and denotes that commercial organisations are liable and punishable if GPVOE UP CF JOWPMWFE JO CSJCFSZ 1PUFOUJBM MJBCJMJUZ FYUFOET UP UIF DPNQBOZ T EJSFDUPST PGàDFST QBSUOFST FNQMPZFFT BOE PUIFST XIP BSF UJFE UP .:&( T NBOBHFNFOU BGGBJST BOE PQFSBUJPOT SUSTAINABILITY GOVERNANCE (cont’d)
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