Press Metal Aluminium Holdings Berhad SECTION 4 • EFFECTIVE STEWARDSHIP THROUGH GOOD GOVERNANCE 56 PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) Board Roles and Responsibilities (cont’d) The following diagram provides a brief overview of the governance framework of the Company: Board Committee Management Committee Audit Committee Review of financial reporting, internal controls, related party transactions, conflict of interest and potential conflict of interest, internal audit as well as external audit Nomination and Corporate Governance Committee Review candidates for Board appointment and re-election, and conduct annual assessment of the Board, Board Committees and Directors Assist the Board in the oversight of matters relating to corporate governance Remuneration Committee Review and recommend the remuneration packages for Directors and Senior Management Risk Management Committee Oversee the Group’s risk management framework, policies and their implementation processes Oversee the Sustainability Committee, particularly sustainabilityrelated information Investment Committee Assist the Board in meeting its responsibilities relating to the appraisal of investment projects Sustainability Committee Assist the Board in fulfilling its responsibilities and objectives in matters relating to sustainable business practices Key Operating Management Corporate Assurance/ Internal Audit Board of Directors provides strategic stewardship and oversight of the Group’s business affairs within a framework of internal controls and ensures all stakeholders’ interest are safeguarded Group Chief Executive Officer Responsible for the executive management of the Group’s business and implementation of Board’s policies and decisions Corporate Governance Overview Statement
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