MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 122 CORPORATE GOVERNANCE STATEMENT (CONT’D) A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) II. Board Composition (cont’d) 3. Appointment of Board and Senior Management The Board comprises of a collective number of individuals with extensive complementary knowledge and competencies, as well as expertise to make active, informed and positive contribution to the Management of the Group in terms of the business’ strategic direction and development. The appointment of the Board and its Senior Management are based on objective criteria, merit and with due regard for diversity in skills, experience, age, cultural background and gender. The NC will assess the suitability of the candidates before formally considering and recommending them for appointment to the Board. In proposing its recommendation, the NC will consider and evaluate the candidates’ required skills, knowledge, expertise, competence, experience, characteristics, professionalism. For appointment of Independent Directors, considerations will also be given to whether the candidates meet the requirements for independence as defined in MMLR of Bursa Securities and time commitment expected from them to attend to matters of the Company in general, including attending meetings of the Board, Board Committees and AGM. The Board through the NC continued to enhance its diversity by searching for right talent and suitable candidate to be appointed on the Board. Subsequent to the redesignation of Datuk Mohd Jimmy Wong Bin Abdullah to Non-Independent Non-Executive Director and resignation of Tan Sri Dato’ Dr Muhammad Rais Bin Abdul Karim, the Board had appointed Dato’ Mohd Jeffrey Bin Joakim and Mohaini Binti Mohd Yusof, both as Independent Non-Executive Directors of the Company effective 9 July 2021. 4. Gender Diversity While the Board acknowledges the need to promote gender diversity within its composition and endeavour to increase female participation in the Board and Senior Management, it has decided not to set any specific targets as the Board believes that it is more important to have the right mix and skills for such positions. The Board has no specific policy on setting targets on female candidates to be appointed to the Board. With the current composition of two (2) female Directors which represents 29% of women representation on the board, the Board is in the opinion that its members have the necessary knowledge, experience, diverse range of skills and competence to enable them to discharge their duties and responsibilities effectively. The NC will however continue to take steps to ensure suitable female candidates are sought as part of its recruitment exercise. 5. Identifying Suitable Candidates Any proposed appointment of a new member to the Board will be deliberated by the full Board based on the qualifications and experience of the proposed director. The NC would be guided by an internal policy on criteria and skill sets for the Board members in assessing the suitability of the potential candidates for appointment to the Board. During FY2021, the Board has utilised independent search firms in identifying suitable candidates for appointment of Director. 6. Chairman of the NC The NC is led by Mohaini Binti Mohd Yusof, the Independent Non-Executive Director, who directs the NC for succession planning, appointment of Board members and Senior Management by conducting annual review of board effectiveness and skill assessments. This provides the NC with relevant information of the Group’s needs, allowing it to source for suitable candidates when the need arises. 7. Annual Evaluation The NC is responsible in evaluating the performance and effectiveness of the entire Board, the Board Committees and individual Director on a yearly basis. The evaluation process is led by the NC’s Chairman and supported by the Company Secretary via questionnaires. The NC reviews the outcome of the evaluation and recommends to the Board on areas for continuous improvement and also for them to form the basis of recommending relevant Directors for re-election at the AGM.
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