103 ANNUAL INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION The Board is pleased to present the CGOS that provides a summary of FGV’s corporate governance practices during FY2021 premised on the three principles of MCCG: Board Leadership and Effectiveness (30 Practices) Effective Audit and Risk Management (10 Practices) Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders (8 Practices) A B C Principle Principle Principle Corporate Governance Overview Statement This Corporate Governance Overview Statement (CGOS) is prepared in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (MMLR) and in accordance with the principles and practices of the Malaysian Code on Corporate Governance 2021 (MCCG). It is to be read together with the Corporate Governance Report 2021 (CG Repor t ) wh i ch i s ava i l ab l e on the Company ’s webs i te at www.fgvholdings.com. The CG Report provides the details on how the Company has applied each Practice as set out in the MCCG during FY2021. Board Leadership and Effectiveness • Our Governance and Integrity Framework • Responsibilities, Oversight and Independence • Board Activities FY2021 • Board Performance Evaluation i.e. Board Effectiveness Assessment • Induction and Continuous Professional Development • Nomination and Remuneration Committee Report • Directors’ Remuneration • Senior Management’s Remuneration pages 105 – 124 Effective Audit and Risk Management • Audit Committee Report • Relationship with the External Auditor • Group Internal Audit • Board Governance & Risk Management Committee Report pages 125 – 134 Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders • Communicating with Our Stakeholders pages 135 – 139 In FGV, we genuinely believe that a culture immersed with ethics and integrity should be at the forefront of our governance goals. This year, the Group had carried out several initiatives to create awareness and measure the effectiveness of our governance framework and integrity activities. We are pleased to report that the survey conducted by FGV in collaboration with the Institut Integriti Malaysia using the Integrity Assessment Tool showed a score of 81% as opposed to 68% in 2018. This means that the Group is moving in the right direction towards enhancing integrity and good corporate governance in FGV. We, the Board, will remain steadfast in ensuring that governance and integrity values are embedded in the strategy and operations of FGV. This will lead and support all measures to ensure FGV and its employees maintain high ethical standards at all times. Dato’ Dzulkifli Abd Wahab
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