FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 93 From left to right 1. MIA Leading Light Award 2016 2. MIA Recognition Award 2016 3. IIAM Corporate Award 2014 4. IIAM Corporate Award 2015 HOW WE ARE GOVERNED CORPORATE GOVERNANCE STATEMENT SHAREHOLDERS BOARD BOARD COMMITTEES STAKEHOLDERS Audit Committee Policies and Internal Control Governance of risk Combined Assurance Integrated reporting and disclosure Compliance Internal audit/ External audit Investment Committee Nomination and Remuneration Committee Board Governance & Risk Management Committee Executive Committee GROUP PRESIDENT/CHIEF EXECUTIVE OFFICER Business Clusters Corporate Centres Operations Supporting Functions OUR GOVERNANCE FRAMEWORK The Governance Framework, which regulates our relationship with the Shareholders and Stakeholders guides the way we do business, is depicted below. FGV Group's efforts and commitments to strong governance have been recognised, whereby FGV has been ranked as the top three (3) for three (3) consecutive years i.e. 2014, 2015 and 2016 in the plantation industry for the Malaysia-ASEAN Corporate Governance Transparency Index, Findings and Recognition by the Minority Shareholder Watchdog Group (MSWG). In the category of Good Disclosure of the MSWG Award, FGV has shown significant improvements in 2016. FGV also won the Malaysian Institute of Accountants (MIA) Pioneer and Leading Light awards in Integrated Reporting. These awards are acknowledgement of our efforts and commitments to good corporate reporting and strong governance.