Shaped By High Standards Of Governance ANNUAL INTEGRATED REPORT 2022 139 SUMMARY OF WORK In 2022, the NRC held nine meetings and had considered the following principal matters in discharging its responsibilities: NOMINATION AND ELECTION PROCESS AND APPOINTMENT AND RE-APPOINTMENT/ RE-ELECTION PROCESS • Appointment of Chief Human Capital Officer • Appointment of Group Divisional Directors • Appointment of Head, Group Secretarial and Company Secretary • Appointment of Independent Non-Executive Directors • Renewal of Contract of Senior Management • Change of Nominees in FGV Group • Retirement and Re-election of Directors • Performance Bonus Framework for Employees • Outcome of Review & Benchmarking of Non-Executive Directors Remuneration Framework • Special Ex-Gratia Payment for Employees • Total Compensation Review by Mercer • KPIs for the Group CEO • Re-alignment of Scorecard and KPIs Setting to the Principles of Balanced Scorecard PERFORMANCE MANAGEMENT • The report on the training programmes attended by the Board and induction programmes for newly appointed Directors INDUCTION AND CONTINUING EDUCATION PROGRAMMES • Board Evaluation Assessment • Board Improvement Plans BOARD ASSESSMENT • Update on FGV Pre-Retirement Programme WELL-BEING STATEMENTS INCLUDED IN FGV’S ANNUAL INTEGRATED REPORT 2021 a. Reviewed the Disclosure in CGOS and CG Report relating to the following: • Board nomination and election procedures having regard to the mix of skills, independence and diversity (including gender diversity) required to meet the needs of FGV • Board balance and composition, including tenure and gender diversity • Board skills mapping and experience • BEA process • Trainings attended by the Directors for the financial year and induction programmes, pursuant to the Bursa Securities Listing Requirements • Directors’ remuneration in accordance with relevant provisions from the Bursa Securities Listing Requirements and the Companies Act 2016 b. Reviewed the Disclosure in the NRC Report relating to the following: • How the requirements set out in Paragraph 2.20A of the Bursa Securities Listing Requirements were met • Composition of the NRC • Number of NRC meetings held and details of attendance of each member • Summary of work and activities of the NRC and matters considered by the NRC in discharging its functions and duties and how it had met its responsibilities Board Leadership and Effectiveness Principle A: REMUNERATION MATTERS
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