Annual Report 2023 75 CORPORATE GOVERNANCE OVERVIEW STATEMENT PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) II. BOARD COMPOSITION (CONT’D) Key Senior Management The current diversity in the skill, experience, gender, age, ethnicity and tenure of the Key Senior Management are as follows:- Skill and Experience Percentage of the Key Senior Management Security 83 Information Technology/Engineering 100 Project Development 100 Corporate Management/Business 100 Gender Number Percentage Ethnicity Male Female Male 6 100 Bumiputera 6 0 Total 6 100 Total 6 0 Age Group Male Female Tenure Key Senior Management 40 – 49 years 1 0 <1 year 3 50 – 59 years 2 0 >9 years 1 60 years and above 3 0 12 years 1 Total 6 0 >15 years 1 Total 6 Tenure of Independent Directors The Board has no policy which limits the tenure of its Independent Directors to nine (9) years without further extension. Upon the completion of the nine (9) years, an Independent Director may continue to serve on the Board subject to the Director’s redesignation as a Non-Independent Director. The Board may recommend and subject to the shareholders’ approval through a two-tier voting process, retain an Independent Director who has served beyond a cumulative term of nine (9) years as an Independent Director of the Company. At the Fourteenth Annual General Meeting (“AGM”) of the Company held on 14 September 2022, the Company via shareholders’ approval through a two-tier voting process, retained Dato’ Wan Mohd Safiain bin Wan Hasan, Dato’ Wan Ibrahim bin Wan Ahmad and Mr Yee Kim Shing @ Yew Kim Sing who have served beyond a cumulative term of nine (9) years as Independent Directors of the Company. Dato’ Wan Mohd Safiain bin Wan Hasan, Dato’ Wan Ibrahim bin Wan Ahmad and Mr Yee Kim Shing @ Yew Kim Sing who were appointed to the Board as Independent Non-Executive Directors on 27 June 2011 will either resign or be re-designated as NonIndependent Non-Executive Directors upon attaining a cumulative term of twelve (12) years, in compliance with the amended definition of independent directors affecting all long serving independent directors who have served for more than twelve (12) years. Annual Assessment of Independence In May 2023, all the Independent Non-Executive Directors have declared and affirmed their independence. As part of the annual assessment of independence, the NRC reviewed, assessed and evaluated the independence of the Board’s Independent Directors and was satisfied that all the nine (9) Independent Non-Executive Directors met the independence criteria as prescribed by the MMLR of Bursa Malaysia and are able to act in an independent and objective manner.
RkJQdWJsaXNoZXIy NDgzMzc=