FGV Annual Report 2018

86 REINFORCED OUR STANDARDS OF GOVERNANCE FGV HOLDINGS BERHAD GOVERNANCE AT FGV: ACCOUNTABILITY BOARD GOVERNANCE & RISK MANAGEMENT COMMITTEE REPORT e. Approved the revised Risk Management and Business Continuity Management Policies to ensure continued relevance of the contents with the current operational requirements and industry best practices. f. Advised on the progress and apprised on the dissolution of the Governance Quantum Leap project. Various initiatives were implemented to improve the level of corporate governance and business controls which include tightening of finance Policies and Procedures, strengthening of internal controls and enhancement of Board oversight. g. Apprised of the planned activities for the year and completed initiatives as part of the accomplishment of Risk Management Framework Roadmap with the objective to institute a robust and enhanced risk culture, controls and processes. Sustainability a. Received updates on sustainability matters. b. Received progress updates on RSPO and MSPO certifications, and International Sustainability and Carbon Certification. c. Reviewed and recommended the revised Group Sustainability Policy. d. Received and recommended the Sustainability Report 2017. Reviewed Statements Included in the Company’s Annual Integrated Report 2017 Reviewed the Report on the Board Governance & Risk Management Committee, the Statement on Risk Management and Internal Control and the CGOS and Sustainability Statement to be included in the Company’s Annual Integrated Report 2017 and recommended the same to the Board for approval. The Statement on Risk Management and Internal Control was reviewed reflecting on the reports of the external and internal auditors on the risks and control environment of the Group and related matters that have been brought to the Board Governance & Risk Management Committee and the Board during the financial year.