FGV Annual Integrated Report 2019

90 FGV HOLDINGS BERHAD • Business Plan 2019-2021 (BP21) and Budget 2020 for FGV Group • 2020 Top Management Key Performance Indicators (KPI) • FGV Group Quarterly Risk Report • Scenario Analysis Mitigation • Expansion of FGV Group’s Risk Appetite Statement • Enhanced mechanism for Project Risk Assessment • Risk Scenario Analysis • Revision of organisation structure • Group Sustainability Framework and Strategies 2020-2023 • Revision of Board Charter, Terms of Reference of Board Committees, FGV Board Nomination and Election Policy and Procedures, Board Remunerations Policy, Group Human Capital Policies, Group Information and Communication Technology Policies, Group Sustainability Policy, Group Commodity Trading Policy, Corporate Responsibility Policy, Sponsorship and Donations Policy, Advertising & Promotions Policy, Event Management Policy, Group Internal Audit Charter, Finance Policies and Procedures and Group Procurement Policy • Establishment of Group’s Limit of Authorities, FGV Governance of Policies and Procedures, FGV Corporate Governance and Business Integrity Blueprint, Governance and Integrity Framework, Conflict of Interest Policy, Referral Policy and Management of Classified Document Policy • Anti-Bribery Management Systems Manual and enhanced the Corporate Governance and Business Integrity Blueprint to the FGV Anti-Corruption Plan • Schedule of FGV Board Meetings for the year 2020 • Status of compliance to MCCG 2017 • Material litigation updates within the Group • Internal investigations • Forensics and associated processes related to the Group’s past investments • Rationalisation and Action Plans for Non-Core Business • Liquidation, striking off and winding up of FGV subsidiaries and joint venture companies • Memorandum of Understanding (MoU) and Heads of Agreement (HoA) • Restructuring of FGV subsidiaries • Integrated farming business • Board Performance Evaluation (assessment of the effectiveness of the Board as a whole, the Board Committees and each individual Director) • Annual assessment on the independence of the Independent Directors of FGV • Board Improvement Plans • Board Succession Planning Framework • Revision of composition of FGV Board Committees • Appointment of Government Appointed Director • Re-election of Directors • Appointment of Nominee Director of FGV in MSM Malaysia Holdings Berhad • Appointment of Nominee Directors of Koperasi Permodalan Felda Malaysia Berhad in FGV Group • Annual fees for the Board and the Board Committees • Appointment of Top Management • Salary adjustment of Top Management • Succession Planning of Top Management • Extension of Fixed-Term Contracts for Top Management • Remuneration package of the GCEO • Remuneration and benefits for employees of FGV Group • Annual salary increment for employees of FGV Group • Minimum wage implementation proposal for the year 2020 • Revision of the performance management framework STRATEGY, RISK AND SUSTAINABILITY GOVERNANCE INVESTMENTS AND DIVESTMENTS SUCCESSION PLANNING, APPOINTMENTS AND REMUNERATION BOARD ACTIVITIES WHAT THE BOARD DID THIS YEAR Board activities are structured to develop the Group’s strategy and to enable the Board to support executive management in the delivery of the Group’s strategy within a transparent governance framework. Key matters considered by the Board in 2019 were as follows: HOW WE ARE GOVERNED HOW WE ARE GOVERNED: LEADERSHIP & EFFECTIVENESS