FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 HOW WE ARE GOVERNED 101 GOVERNANCE AT FGV: INTEGRITY IN CORPORATE REPORTING FINANCIAL REPORTING AND DISCLOSURE The Board ensures that Shareholders are presented with a clear, balanced and comprehensive view of FGV Group’s financial performance and prospects through the audited financial statements, quarterly results, the Chairman’s Statement, the Management Discussion & Analysis in the Annual Integrated Report 2017 as well as corporate announcements on significant developments affecting the Company and the Group in accordance with the Bursa Securities Listing Requirements. Timely release of announcements reflects the Board’s commitment to provide up-to-date and transparent information on the Group’s performance. In the preparation of the financial statements, the Directors have considered compliance with all applicable Financial Reporting Standards, requirements of the Companies Act, 2016 and relevant provision of laws and regulations in Malaysia and the respective countries in which the subsidiaries, associates and joint venture companies operate. The Audit Committee assists the Board in reviewing both the annual financial statements and the quarterly results to ensure the reports reflect a true and fair view of the state of affairs of the Group and the Company. STATEMENT OF DIRECTORS’ RESPONSIBILITY IN PREPARING AUDITED FINANCIAL STATEMENTS The Companies Act 2016 (the Act) requires the Directors to prepare Financial Statements for each financial year in accordance with the Financial Reporting Standards. The Act also places responsibility on the Directors to ensure that the Company’s Financial Statements provide a true and fair view of the financial position of the Group and the Company, the financial performance and the cash flows for the financial year ended. The Board is satisfied that it has met its obligation to present a balanced and understandable assessment of the Group’s and the Company’s position in the Directors’ Report on pages 111-115 and the Financial Statements set out on pages 122-310 of this AIR 2017. ANNUAL INTEGRATED REPORT This is FGV’s third AIR and its sixth Annual Report produced since its listing on Bursa Securities on 28 June 2012. The AIR provides a comprehensive report on the Group’s operations and financial performance. The AIR is also printed in summary form and issued in CD-ROM format. STATEMENT BY THE BOARD This Statement is made in accordance with a resolution of the Board of Directors and approved at the Board Meeting dated 28 March 2018. An online version of the AIR is also available in the Company’s corporate website at www.feldaglobal.com