FGV Annual Report 2015

360 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 No. Principles/Recommendations Compliance Status Remarks Page Yes No Principle 4: Foster Commitment 4.1 The Board should set out expectations on time commitment for its members and protocols for accepting new directorships. Yes Please refer to para 14.2 of FGV Board Charter for protocols, for accepting new directorships. 104-105, 107 4.2 The Board should ensure its members have access to appropriate continuing education programmes. Yes 104-105 Principle 5: Uphold Integrity in Financial Reporting 5.1 The Audit Committee should ensure financial statements comply with applicable financial reporting standards. Yes 110-112, 114, 117, 135, 175-178, 179, 180-181 5.2 The Audit Committee should have policies and procedures to assess the suitability and independence of external auditors. Yes 116-117 Principle 6: Recognise and Manage Risks 6.1 The Board should establish a sound framework to manage risks. Yes Details of the Group’s Risk Management Framework are contained in the Statement on Risk Management and Internal Control on pages 140 to 148. 112, 127-128, 135, 140-141, 143, 148 6.2 The Board should establish an internal audit function which reports directly to the Audit Committee. Yes 112, 115, 117-118, 148 Principle 7: Ensure Timely and High Quality Disclosure 7.1 The Board should ensure the company has appropriate corporate disclosure policies and procedures. Yes 133 7.2 The Board should encourage the company to leverage on information technology for effective dissemination of information. Yes 134 Principle 8: Strengthen Relationship between Company and Shareholders 8.1 The Board should take reasonable steps to encourage Shareholder participation at general meetings. Yes 134 8.2 The Board should encourage poll voting. Yes 134 8.3 The Board should promote effective communication and proactive engagements with Shareholders. Yes 133-134 Compliance with the Principles and Recommendations of the Malaysian Code on Corporate Governance 2012 (“MCCG 2012”)