Serba Dinamik Annual Report 2021

Integrated Report 2021 237 COMPLIANCE STATEMENT The Board has deliberated, reviewed and approved the Corporate Governance Overview Statement in line with the principles of the MCCG 2021. The Board is satisfied that the Group has maintained high standards of corporate governance and strived to achieve the highest level of integrity and ethical standard, in all its business dealings. This Statement was approved by the Board on 30 December 2021. The Group acknowledges that good corporate governance requires active participation of the shareholders in the decision-making process at the Group’s Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”). The Group’s AGM & EGM is the principal forum for dialogue and communication between the shareholders and the Board. In addition, the Group’s AGM serves as a forum for the shareholders to view the Group’s performance and highlights for the year, industry overview, business transformation updates and financial highlights. As the Board values effective two-way communication with shareholders, the Directors and the Management Team personally engage with the shareholders and welcome their opinions and views. At the AGM, the Chairman and the GMD/CEO present a comprehensive and concise review of the Group’s financial performance and value created for shareholders, which is supported by visual and graphical presentation of key points and key financial figures. During the meeting, the shareholders participate in the deliberations of the resolutions being proposed or on the Group’s operations in general. The shareholders are encouraged to ask questions about the resolutions being proposed and the operations of the Group and communicate their expectations and concerns. Questions posed are, where possible, answered in detail either at the AGM & EGM itself or thereafter where the shareholders will be contacted and provided with the answers. At every AGM, a helpdesk will also be set up as a contact point for shareholders’ enquiries. Additionally, the detailed feedback on questions raised by the Minority Shareholders Watch Group (“MSWG”), if any, prior to the AGM is shared with all shareholders during the meeting. Immediately after the conclusion of the AGM, the Group will hold a press conference with the media. During the AGM & EGM of the Group which was held in financial year 2021, all members of the Board were presented at the meetings which was in line with CG practice as per the MCCG 2021. The notice and agenda of the AGM & EGM together with the Proxy Form are given to shareholders at least 28 days before the AGM & EGM, which gives shareholders sufficient time to prepare themselves to attend the AGM & EGM or to appoint proxies to attend and vote on their behalf. CORPORATE GOVERNANCE OVERVIEW STATEMENT