SUSTAINABILITY STATEMENT SUSTAINABILITY STATEMENT In relation to remuneration, Zetrix AI has established a Directors and Senior Management Remuneration Policy to guide remuneration practices. At present, the remuneration structure for Senior Management does not incorporate ESGlinked performance metrics. To uphold auditor independence and audit quality, Zetrix AI practices the rotation of the auditor-in-charge at the commencement of each audit cycle, with different audit personnel assigned for successive audit engagements. Full disclosure of the policies above can be downloaded from our Investor Relations portal at https://www.zetrix.com/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 Effective risk management is an integral part of Zetrix AI, recognising the importance of a sound risk management system across all aspects of the organisation in enabling the Group to assess, minimise and mitigate potential risks that may have an adverse impact on the organisation, including safeguarding shareholders’ investments, the Group’s assets, and other stakeholders associated with Zetrix AI’s operations. Zetrix AI’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 practices are consistent throughout the Group, involving employees at all levels within the different business units (i.e. departments, sections and business centres) of the Group. Other than using ISO 31000 framework as our risk management standard, Zetrix AI also refers to IFRS S1, IFRS S2, GRI, IIRC and related reporting frameworks to help inform its risk management system. The Heads of Department (“HODs”) of various functions support the RMC in the overall risk management process by assessing key strategic and operational risks. The RMC raises any potential risks it identifies to the Board, given that the Board maintains ultimate oversight of Zetrix AI’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 Zetrix AI’s overall risk approach, given that ESG issues are having a growing impact on a variety of factors, such as financial and nonfinancial value creation, access to financing, brand reputation and more. Zetrix AI’s system of internal control and risk management practices therefore continuously evolves to meet the changing and challenging business environment, 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 186. STRONG ANTI-BRIBERY AND ANTI-CORRUPTION POSITION Zetrix AI does not engage in, nor condone, corrupt practices of any form, recognising that corruption can lead to financial losses as well as damage the Group’s reputation and brand, which can then affect trust among users, investors and stakeholders. Zetrix AI’s robust Anti-Bribery and Anti-Corruption (“ABAC”) policy stance continues to be maintained, in pursuant of 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 found to be involved in bribery. Potential liability extends to the company’s directors, officers, partners, employees and others who are tied to Zetrix AI’s management, affairs and operations. SUSTAINABILITY GOVERNANCE (cont’d) 79
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