Shaped By High Standards Of Governance ANNUAL INTEGRATED REPORT 2022 153 BOARD GOVERNANCE & RISK MANAGEMENT COMMITTEE REPORT The BGRMC comprises exclusively of Non-Executive Directors and the majority are INEDs. The Chairman of the BGRMC is an INED. The purpose of the BGRMC is to assist the Board in fulfilling its statutory and fiduciary responsibilities in formulating, overseeing as well as inculcating good governance, sound risk management and culture in the FGV Group. The purpose of the BGRMC is to assist the Board in fulfilling the following key responsibilities: • Review and monitor the implementation of the FGV Group Governance and Integrity Framework which includes reviewing and maintaining governance documents and policies • Review, recommend, evaluate and report to the Board for approval and/or amendments to the Group’s risk management and internal control framework, strategies, policies, procedures, systems, capabilities and parameters • Report to the Board key business risks and its updates, strategies on managing key business risks, effectiveness of the mitigation plans and progress management of key business risks • Review any reporting of matters to the shareholders and/or relevant authorities and statements for inclusion in the Company’s Annual Integrated Report as well as other statements which are mandated by Bursa Securities or related to governance and risk management • Highlight to the Board, in every quarter, the Group’s key risk indicators and risk tolerance levels, and the mitigation plans. The composition of the BGRMC for 2022, including the name, designation, together with the number of BGRMC meetings held in 2022 and details of attendance of each BGRMC member can be found on page 131 of this Report. Effective Audit and Risk Management Principle B: Datuk Yatimah Sarjiman Member (NINED) Dato’ Mohd Rafik Shah Mohamad Member (Senior INED) Appointed on 1 July 2021 Nik Fazila Nik Mohamed Shihabuddin Chairman (INED) Appointed on 1 July 2021 Redesignated as Chairman on 13 April 2023 Appointed on 8 April 2022 More information on the BGRMC’s ToR can be found on our website, www.fgvholdings.com. This Report is to be read together with the CG Report 2022, also available on our website. Kasmuri Sukardi Member (INED) Appointed on 1 July 2021 Redesignated as Member on 13 April 2023
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