FGV Annual Report 2015

131 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 The specific responsibilities of the Group President/Chief Executive Officer are to: • Develop the strategic direction of the Group and provide directions in the implementation of short and long terms strategies and plans. • Oversee the day-to-day operations to ensure smooth and developing the strategic direction of the Group and provide directions in the implementation of short and long terms strategies and plans. Directing and controlling all aspects of the business operations in a cost effective manner. • Communicate the Group’s mission, vision and values to all employees. • At each of its scheduled meetings, the Board shall receive from or through the Group President/Chief Executive Officer: - summary reports on the performance and activities of the Group, in relation to the corporate strategies and risk appetite of the Group, and specific proposals for capital expenditure acquisitions and disposals; and - such assurances as the Board considers necessary to confirm that the Management’s limits are being observed. • To act within all specific authorities delegated to him/her by the Board. • Execute management of the Group’s business, covering, inter-alia, the development of a sustainable strategic plan, an annual operating plan and budget, performance benchmarks to gauge Management’s performance, and an analysis of Management reports. • Overseeing the human resource of the organisation with respect to key positions in the Group hierarchy and ensuring the general well-being of employees, including the determination of remuneration as well as terms and conditions of employment for Top Management personnel and issues pertaining to discipline of all employees. • Representing the interest of the Group with major customers, governments and their agencies, and industries at large, to ensure general goodwill towards the Group and cooperation in planned development. • Assist members of the Board Committees, as required, in discharging their duties. • Assist the Chairman in organising information necessary for the Board to deal with the agenda and for providing such information to Directors on a timely basis. • Assess business opportunities of potential benefit to the Company and the Group. • Responsible to propose major capital expenditure to ensure their alignment with corporate strategy economic grounds. In discharging the above responsibilities, the Group President/Chief Executive Officer may delegate appropriate functions to any Executive Director of the Board.