FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 HOW WE ARE GOVERNED 71 Financial Governance Annual Integrated Report 2016 • Financial Statements for the FYE 2016 • Quarterly Report on Consolidated Results • Final Dividend for the FYE 2016 and Interim Dividend for the FYE 2017 • FGV Group’s recurrent related party transactions • Re-appointment of external auditor for the FYE 2017 • Audit Fee for FGV and FGV Group for the FYE 2017 • FGV and FGV Group’s financial performance against budget, forecasts and key performance targets • Unrated Sukuk Wakalah Programme Others • Domestic Inquiry against GP/CEO, Group Chief Financial Officer (GCFO) and another two employees • Voluntary Separation Scheme (VSS) exercise for FGV Group • Board Charter, Terms of Reference of Board Committees, Terms of Reference of the EXCO, FGV Group Human Resources Policies, the FGV Group’s Discretionary Authority Limits, Finance Policies and Procedures, Business Continuity Management Policy and Framework, Code of Business Conduct and Ethics for Employees and Group Sustainability Policy • Schedule of FGV Board Meetings for the year 2018 • Status of compliance of Board governance • Material litigation updates within the Group • Formation of new Board Committees • Chairman’s Statement, Management Discussion & Analysis, Corporate Governance Statement, Board Committees’ Reports, Statement on Risk Management and Internal Control and Sustainability Statement for inclusion in the Annual Integrated Report 2016 • Formation of a Reporting Committee for Annual Integrated Report 2017 GOVERNANCE AT FGV: LEADERSHIP AND EFFECTIVENESS PRIORITIES FOR FY2018 • Board and Senior Management succession planning • Review the Group’s Strategic Plan by taking into account operational challenges, pertinent internal and external factors, the fluidity of industry and market dynamics and guided by four strategic thrusts as follows: 1. operational excellence 2. moving down value chain 3. growth through portfolio balancing 4. optimise financial and human capital