FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD HOW WE ARE GOVERNED 62 CHAIRMAN’S GOVERNANCE OVERVIEW Further details of our approach to stakeholder engagement can be found on pages 13-15. behaviours and expectations, shifts in regulatory and legal requirements and changing attitudes towards the role of large companies in society. Our internal culture evolves accordingly as we seek to ensure that the way in which we work conforms to our many stakeholders’ highest expectations. Everyone who works with us is required to comply with our Business Principles (the values we respect) and our Code of Conduct (the behaviours we expect) at all times, reinforced through FGV’s core values, which drives the type of organisation we want to be. The Board and the Executive Committee (EXCO) are critical in setting the tone of the organisation and play a key role in embedding our culture throughout the Group, in order to ensure that FGV’s reputation is protected effectively. The success of our business is dependent on the Board taking decisions for the benefit of its members as a whole and in doing so having regard for all its stakeholders: its employees, suppliers, customers and community especially smallholders. This is consistent with the Group’s core and sustainable business objectives. It is always rewarding to see instances of our governance being recognised externally. I am delighted that FGV was the winner of the Best Industry Excellence Award Plantation and Mining Category at the NACRA awards, in addition to winning Bronze Award at the Australasian Reporting Awards. We will always strive to ensure that our governance processes are in line with the latest best practices and that our approach to disclosure is clear and transparent. Datuk Wira Azhar Abdul Hamid Chairman, Non-Independent Non-Executive Director LISTENING TO OUR STAKEHOLDERS Effective communication with our stakeholders is fundamental to our success. We strive to communicate our strategy and activities clearly to all our shareholders. We also welcome active engagement with all of our stakeholders to answer their questions and receive their feedback. THE YEAR AHEAD The Board remains committed to ensuring the highest standards of corporate governance across the Group in all aspects of delivering our strategy. I am confident that the Directors and our senior leaders fully understand that how we work is as important as what we achieve and that, throughout the organisation as a whole, there is a rigorous focus on the importance of compliance and integrity when meeting the challenges, and seizing the opportunities, over the year ahead. Alignment with Bursa Malaysia’s Corporate Governance Guide 2017: Moving from aspiration to actualisation We have structured this year’s CG Statement in the following way, based upon the principles set out in the MCCG 2017 and Bursa Malaysia’s Corporate Governance Guide 2017. Leadership and Effectiveness Accountability Remuneration Relations with our Stakeholders Integrity in Corporate Reporting Pages 63-82 Pages 83-93 Pages 94-98 Pages 99-100 This CG Statement should be read in conjunction with the Corporate Governance Report, which is available on our website, www.feldaglobal.com . HIGHLIGHTS Page 101