FGV Annual Report 2014

a. FGV-Compliance Plan (FGV-CP) FGV-CP is an action plan to ensure all business actions, decisions and transactions to be in full compliance to all laws and regulations, policies and procedures and enable FGV Group to achieve sustainable business globally within the legal and regulatory requirements (of the respective countries where the business dealings take place). The FGV-CP is on track for implementation on core Clusters assessment in FYE 2015. b. FGV Integrity Plan (FGV-IP) FGV-IP is an integrated comprehensive action plan to uphold integrity within FGV Group. It is drawn up based on the principles of National Integrity Plan and feedback from FGV Integrity Champions. The objective of the FGV-IP is to promote and increase ethical working values and cultural integrity. 4. FGV-Corporate Governance Scorecard (FGV-CGS) FGV-CGS is a strategy performance management tool for simplified corporate governance tracking and monitoring within FGV Group. The FGV-CGS is on track for completion in FYE 2015. 5. FGV CG Award (FGV-CGA) The Group completed the pilot testing of FGV Corporate Governance Award Initiative on Research & Development and Agri-Services Cluster in FYE 2014. FGV had created its internal CG Index based on the pilot testing on R&D and Agri-Services Cluster. FGV is scheduled to hold the first FGV- CGA competition for its six (6) core Clusters in FYE 2015. 6. FGV ISO 9001:2008 Total Quality Management Department has coordinated the compilation of a group-wide corporate and operating policies and formulated Standard Operating Procedures for FGV Group. This complemented the ISO certification for the whole Group as various subsidiaries and departments have their own ISO certifications. FGV has also undertaken the following corporate governance initiatives as follows: 1. Organise FGV Governance Day 2014; 2. Launched FGV CoBP during FGV Governance Day 2014; and 3. Launched FGV Board of Directors’ Manual. Sustainability The FGV Group manages its business responsibly by managing the environmental, social and governance aspects of its operations. As a company aspiring to be a globally integrated, diversified multi-national corporation, FGV is committed to all three principles of sustainability i.e. people, planet and profit (triple bottom line). FGV has always encouraged a balance between its triple bottom line and its role as a responsible corporate citizen whilst approaching it from the four dimensions of marketplace, community, workplace and environment. FGV has published its first Sustainability Report in 2014 which is available on FGV’s corporate website. The report represents a new chapter in FGV’s journey and builds on its legacy and commitment to sustainable business practices. As FGV ramps up its effort towards implementing the Global Strategic Blueprint, it is important for FGV to demonstrate transparency in its commitment to sustainability through measurable and accountable environmental and social targets towards its stakeholders. Statement by the Board This Statement is made in accordance with a resolution of the Board of Directors and approved at the Board meeting dated 28 April 2015. On behalf of the Board YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad Chairman Felda Global Ventures Holdings Berhad pg 138 STATEMENT ON CORPORATE GOVERNANCE