Serba Dinamik Annual Report 2021

Section 7 | Corporate Governance 226 Among others, the Board has put in place the following to affirm its commitment of the best practices of the corporate governance: This overview takes guidance from the key principles as defined in the MCCG as follows: 1. Principle A: Board Leadership & Effectiveness 2. Principle B: Effective Audit & Risk Management 3. Principle C: Integrity in Corporate Reporting & Meaningful Relationship with Stakeholders 1. Board Responsibilities The Board is responsible for the overall governance of the Group, the responsibility to exercise reasonable & proper care of the Group’s resources for the best interests of its shareholders as well as to safeguard the Group’s assets. The key principle of Board Leadership and Effectiveness are as follows: CORPORATE GOVERNANCE PRINCIPLE A: BOARD LEADERSHIP & EFFECTIVENESS Remuneration Board Responsibilities Board Composition CORPORATE GOVERNANCE OVERVIEW STATEMENT Board and Board Committees (√) Internal Control (√) Directors’ Role & Responsibilities (√) Internal Audit Framework (√) Stakeholders Management (√) Risk Management Framework (√) Accountability and Audit (√)