139 ANNUAL INTEGRATED REPORT 2021 HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY ADDITIONAL INFORMATION FINANCIAL REPORTING AND DISCLOSURE The Board is committed to provide a fair and objective assessment of the financial position and prospects of the Group in the quarterly financial results, Annual Financial Statements, Annual Integrated Reports and all other reports released by the Group. Furthermore, the Board ensures that all its announcements are issued in a timely manner. The Group’s Financial Statements complies with the requirements set out in the MFRS, the International Financial Reporting Standards (IFRS), Bursa Securities Listing Requirements and the Companies Act 2016, as well as the laws and regulations in the respective countries in which FGV operates. Our Annual Financial Statements and quarterly reports are also reviewed by the Audit Committee to ensure a fair representation of the Group and the Company. The Board is committed to provide a fair and objective assessment of the financial position and prospects of the Group in the quarterly financial results, Annual Financial Statements, Annual Integrated Reports and all other reports or statements to shareholders, investors and relevant regulatory authorities. Further details on the Statement on Directors’ Responsibility in respect of preparation of FGV’s Audited Financial Statements is set out on page 1. ANNUAL INTEGRATED REPORT This is FGV’s 7th Annual Integrated Report and 10th Annual Report produced since our listing on Bursa Securities on 28 June 2012. The AIR provides a comprehensive coverage of the Group’s operations and financial performance in FY2021. Further details on online version of the AIR are also available on our website at www.fgvholdings.com. RECOGNITION FGV’s commitment to observing high standards of transparency and accountability gained international recognition. In the year under review, FGV was listed as one of the top 100 of the MSWG-ASEAN Corporate Governance Award 2020 for corporate governance disclosure. FGV also received the Excellence Award (companies with RM2 billion - RM10 billion in market capitalisation (Gold) and Special Award Best Annual Report in Bahasa Malaysia (Silver) from NACRA 2021. PLAN FOR FY2022 In 2022, the governance priorities to support and align to FGV’s business strategies and plans, will be as follows: • Drive optimisation of FGV’s core operating assets such as plantation, sugar, logistics and integrated farming and seek ways to extract value chain maximisation for better returns • Initiate programmes to upskill and retain talent • Seek and evaluate opportunities with FGV’s project risk assessment tools to grow its businesses through selective and value accretive corporate transactions • Reinforce and improve FGV’s risk management, anti-bribery and whistleblowing mechanisms which includes enhancing whistleblowing systems, extending the relevant policies to international subsidiaries or new businesses, improving vendor management and reviewing existing risk registers STATEMENT BY THE BOARD The Board has deliberated, reviewed and approved this Statement and save as disclosed, is satisfied that the Group has fulfilled its obligations under the relevant paragraphs of the Bursa Securities Listing Requirements, Companies Act 2016, MCCG, Bursa Securities’ Corporate Governance Guide and other applicable laws and regulations throughout the financial year ended 31 December 2021. The Board is committed to cultivating a responsible organisation and will regularly review and refine the Group’s corporate governance practices to maintain a sensible and solid framework for effective governance in the interest of the shareholders and stakeholders. This Statement was made in accordance with a resolution of the Board of Directors approved on 30 March 2022.
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