FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 HOW WE ARE GOVERNED 63 GOVERNANCE AT FGV: LEADERSHIP AND EFFECTIVENESS OUR GOVERNANCE FRAMEWORK THE BOARD OF FGV IS COMMITTED IN DELIVERING A REASONABLE RETURN TO ITS SHAREHOLDERS AND FULFILLING ITS CORPORATE GOVERNANCE OBLIGATIONS AND RESPONSIBILITIES IN THE BEST INTEREST OF THE COMPANY AND ITS STAKEHOLDERS. This CG Statement details the key aspects of the Governance Framework and practices of FGV. FGV Group regularly reviews its practices to ensure its consistency reflects market practice and stakeholder expectations. One of the essential components of the Governance Framework is the clarity of roles between the Board of Directors, the Group President/Chief Executive Officer (GP/CEO) and the EXCO. The Board guides the strategic direction of FGV Group, and monitors the progress in the execution of the business strategies. The Board ensures that the Group complies with the requirements of the Companies Act 2016 and MCCG 2017 as well as the Main Market Listing Requirements (Listing Requirements) of Bursa Malaysia Securities Berhad (Bursa Securities), together with any other legislative requirements and documents within the ambit of the Governance Framework. SHAREHOLDERS STAKEHOLDERS GOVERNANCE OF RISK Policies and Internal Control Compliance COMBINED ASSURANCE Integrated Reporting and Disclosure Internal Audit/ External Audit BOARD Business Sectors Corporate Centres Operations Supporting Functions GROUP PRESIDENT/CHIEF EXECUTIVE OFFICER BOARD COMMITTEES EXECUTIVE COMMITTEE