FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 120 Dato' Mohamed Suffian Awang Chairman of Investment Committee COMPOSITION AND MEETINGS Under its Terms of Reference, the Investment Committee shall comprise 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 nine (9) meetings in 2016. The members of the Investment Committee during the financial year 2016 up to 22 March 2017 and the record of their attendance are as follows: Directors Date of appointment to the Investment Committee Designation Tenure in the Investment Committee Number of meetings attended in 2016 Dato' Mohamed SuffianAwang (Independent Non-ExecutiveDirector) 20 January 2015 Chairman Approximately 2 years 2months 9out of 9 DatukNoor EhsanuddinMohdHarun Narrashid (Independent Non-ExecutiveDirector) 16 July 2013 Member Approximately 3 years 8months 8out of 9 Dato' Mohd ZaferMohdHashim (Independent Non-ExecutiveDirector) 20 January 2015 Member Approximately 2 years 2months 9out of 9 The purpose of the Investment Committee is to review and recommend to the Board the Group's Investment Policy, strategic direction, Strategic Plan pertaining to investment and divestment activities, monitor significant matters related to all existing and potential investments of the Group, in line with the Group's prevailing Discretionary Authority Limits and Investment Policy. The Investment Committee shall facilitate FGV Board's statutory and fiduciary responsibility relating to the functions and duties of the Investment Committee. The scope and functions of the Investment Committee are to evaluate proposals on new investments and disposals of significant value to ensure consistency with the Strategic Plan and returns in excess of a hurdle rate adjusted for risk and performance premium, to recommend investments of a prescribed amount as determined by the Board from time to time under the Group's Discretionary Authority Limits and to review financial investment portfolios of the Group. This includes and is not limited to existing and new mergers & acquisitions, investments, divestments and large capital expenditures together with the required project financing. The full details of the Investment Committee's Terms of Reference are published in the Company's corporate website at www.feldaglobal.com. Investment Committee We continue to fulfill our responsibilities through diligent evaluation of each and every investment proposal. HOW WE ARE GOVERNED REPORT OF THE INVESTMENT COMMITTEE CORPORATE GOVERNANCE STATEMENT