FGV Annual Report 2012

A n n u a l R e p o r t 2 0 1 2 L a p o r a n T a h u n a n 97 The Board acknowledges that high standards of corporate governance plays an important part towards FGV Group’s continued growth and success. The Board is committed to managing the Group’s businesses ethically and in a transparent manner to ensure equitable long term value for all its shareholders. The Board is pleased to provide the statement on how the Company has applied the key principles and extent of its compliance with best practices set out in the Code throughout the financial year ended 31 December 2012 (FY12) and up to 24 April 2013, being the date of approval of this Statement on Corporate Governance by the Board. The Company was listed on the Main Market of Bursa Securities on 28 June 2012 (the Listing Date) and up to the date of this Statement, FGV Group has been actively introducing new policies and procedures and improving the Group’s processes and controls in order to ensure that the Group’s internal processes, guidelines and systems are reviewed and aligned with sound corporate governance practices. THE BOARD OF DIRECTORS Roles and Responsibilities of the Board The Board is collectively responsible for the overall conduct of FGV Group’s business and takes full responsibility for the performance of the Company and the Group. The Board members exercise due diligence and care in discharging their duties and responsibilities to ensure that high ethical standards are applied, through compliance with relevant rules and regulations, directives and guidelines in addition to adopting the best practices in the Code and CG Guide, and act in the best interest of FGV Group and shareholders. The Board’s Terms of Reference The Board has formally adopted the Board’s Terms of Reference, which provides guidance to the Board in the fulfilment of its roles, duties and responsibilities which are in line with the principles of good corporate governance. The Board’s Terms of Reference outlines the roles and responsibilities of the Board, the balance and composition of the Board, the Board’s authorities, schedule of matters reserved for the Board, the establishment of the Board Committees, processes and procedures for convening Board meetings, the Board’s assessment and review of its performance, compliance with ethical standards, Board’s access to information and advice and declarations of conflict of interest. The full details of the Board’s Terms of Reference are published in FGV’s website. Lembaga Pengarah mengakui bahawa piawaian tadbir urus korporat yang tinggi memainkan peranan penting ke arah pertumbuhan dan kejayaan berterusan Kumpulan FGV. Lembaga Pengarah komited untuk menguruskan perniagaan Kumpulan secara beretika dan telus bagi memastikan nilai jangka panjang yang saksama untuk semua pemegang sahamnya. Lembaga Pengarah dengan sukacita membentangkan penyata tentang bagaimana Syarikat telah mengamalkan prinsip-prinsip utama dan tahap pematuhannya terhadap amalan terbaik yang dibentangkan dalam Kod sepanjang tahun kewangan berakhir 31 Disember 2012 (FY12) dan sehingga 24 April 2013, iaitu tarikh kelulusan Penyata Tadbir Urus Korporat ini oleh Lembaga. Syarikat telah disenaraikan di Pasaran Utama Bursa Securities pada 28 Jun 2012 (Tarikh Penyenaraian) dan sehingga tarikh Penyata ini, Kumpulan FGV secara aktif telah memperkenalkan dasar-dasar dan prosedur-prosedur baru selain meningkatkan proses dan kawalan Kumpulan bagi memastikan bahawa proses- proses dalaman, garis panduan dan sistem Kumpulan disemak dan diselaraskan dengan amalan tadbir urus korporat yang mantap. LEMBAGA PENGARAH Peranan dan Tanggungjawab Lembaga Pengarah Lembaga Pengarah secara kolektif bertanggungjawab ke atas pelaksanaan keseluruhan perniagaan Kumpulan FGV dan bertanggungjawab sepenuhnya ke atas prestasi Syarikat dan Kumpulan. Ahli-ahli Lembaga Pengarah mengambil pendekatan berhemah dalam menjalankan tugas dan tanggungjawab mereka bagi memastikanpiawaianetikayangtertinggidigunakan,menerusipematuhanterhadap peraturan-peraturan dan kehendak-kehendak, arahan dan garis-garis panduan berkaitan selain menggunapakai amalan terbaik dalam Kod dan PanduanTadbir Urus Korporat, dan bertindak demi kepentingan pemegang saham dan Kumpulan FGV. Terma Rujukan Lembaga Pengarah Lembaga Pengarah telah menerimapakai secara rasmi Terma-terma Rujukan Lembaga Pengarah, yang memberi panduan kepada Lembaga Pengarah dalam memenuhi peranan, tugas dan tanggungjawabnya yang selaras dengan prinsip- prinsip tadbir urus korporat yang baik. Terma-terma Rujukan Lembaga Pengarah menggariskan peranan dan tanggungjawab Lembaga Pengarah, imbangan dan komposisi Lembaga Pengarah, pihak berkuasa Lembaga Pengarah, jadual perkara yang dikhususkan untuk Lembaga Pengarah, penubuhan Jawatankuasa Lembaga Pengarah, proses dan prosedur untuk mengadakan mesyuarat Lembaga Pengarah, penilaian dan kajian prestasi Lembaga Pengarah, pematuhan terhadap piawaian etika, akses Lembaga Pengarah kepada maklumat dan nasihat serta pengisytiharan konflik kepentingan. Butir-butir lengkap Terma-terma Rujukan Lembaga Pengarah diterbitkan dalam laman web FGV.