FGV Annual Report 2015

119 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 Statement on Corporate Governance REPORT ON THE INVESTMENT COMMITTEE Dear Shareholders The members of the Investment Committee have an aligned approach in delivering its responsibilities of evaluating the Company’s investment proposals. We understand that investment theory is often at odds with behavioural tendencies and as such, are disciplined in our development of investment policy and focused in our investment goals. A willingness by Committee members to challenge and debate the issues at hand using facts and data instead of relying on opinions is encouraged. Furthermore, the Committee adopts a clear investment strategy that includes a reasonable set of assumptions about the organisation’s risk tolerance and the portfolio’s expected returns. I can confirm that the information the Committee has received has been balanced, appropriate and timely, and has enabled the Committee to fulfil its remit. Dato’ Mohamed Suffian Awang Chair of the Investment Committee The Investment Committee was established on 5 August 2010 to assist the Board in performing its duties and discharging its responsibilities in evaluating the Company’s investment proposals. Composition and meetings Under its Terms of Reference, the Investment Committee shall comprise of not less than three (3) members whom shall be appointed from members of the Board, a majority of whom must be Independent Non-Executive Directors. The Investment Committee held twelve (12) meetings during the financial year ended 2015. The members of the Investment Committee during the financial year 2015 and up to 29 March 2016 and the record of their attendance are as follows: DIRECTORS Date of appointment in the Investment Committee Designation Tenure in the Investment Committee Number of meetings attended in 2015 1. Dato’ Mohamed Suffian Awang (Independent Non-Executive Director) 20 January 2015 Chairman Approximately 1 year 2 months 11 out of 11 2. Datuk Dr. Omar Salim (Non-Independent Non-Executive Director) 20 January 2012 (Resigned as Chairman/ Member on 20 January 2015) Chairman 3 years 1 out of 1 3. YB Datuk Noor Ehsanuddin Mohd Harun Narrashid (Independent Non-Executive Director) 16 July 2013 Member Approximately 2 years 8 months 11 out of 12 4. Dato’ Yahaya Abd Jabar (Senior Independent Non-Executive Director) 8 October 2013 (Resigned as Member on 20 January 2015) Member Approximately 1 year 3 months 1 out of 1 5. Datuk Haji Faizoull Ahmad (Non-Independent Non-Executive Director) 8 April 2014 (Resigned as Member on 20 January 2015) Member Approximately 9 months 0 out of 1 6. Dato’ Mohd Zafer Mohd Hashim (Independent Non-Executive Director) 20 January 2015 Member Approximately 1 year 2 months 9 out of 11