FGV Annual Report 2020

197 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders External RegulatorS & Best Practices • Companies Commission of Malaysia (CCM) - Companies Act 2016 • Malaysian Palm Oil Certification Council (MPOCC) - Malaysian Sustainable Palm Oil Certificate (MSPO) • Roundtable on Sustainable Palm Oil (RSPO) • Bursa Malaysia Securities Berhad (Bursa Securities) - Main Market Listing Requirements (Listing Requirements) • MCCG 2017 REGISTERED COMPANY PLANTATION COMPANY PUBLIC LISTED COMPANY GOVERNANCE REQUIREMENT CENTRES FUNCTIONS • Dato’ Seri Ahmad Johan bin Mohammad Raslan Independent Chairman • Datuk Dr Glen Reynolds Independent Member • Rikke Jarvard Netterstrom Independent Member • Datuk Wira Azhar Abdul Hamid Non-Independent Member • Dato’ Yusli Mohamed Yusoff Non-Independent Member The Board of Directors of FGV approved the establishment of its IAP in November 2019. The IAP reports directly to the Board, and offers it guidance and recommendations towards achieving FGV’s aspirations to become a leader in good corporate governance and sustainable business practices. The IAP’s advisory role will complement FGV’s existing efforts towards fulfilling its commitments as a responsible corporate entity. Independent Advisory Panel Meetings held in FY2020 Key Matters Discussed Reports Submitted to the Board of FGV • Three (3) official IAP meetings • Four (4) meetings with selected Board of Directors • Six (6) meetings amongst the Independent Members of the IAP • 16 meetings with selected members of the Senior Management • Independent Members’ views on legal action against the RSPO, dated 30 July 2020 • Recommendations of the IAP, dated 29 August 2020 • FGV’s India Project – Advice of the Independent Members of the IAP, dated 22 October 2020 • US CBP WRO issues – Advice of the Independent Members of the IAP, dated 3 November 2020 • FGV’s strategy, potential new markets and transformation efforts • Effectiveness, risks and gaps in FGV’s sustainability initiatives and opportunities to tap on • People and culture strategy • Governance, risk and compliance structures and best practices • Building a trusted WB mechanism for the Group • Strengthening the independence of Internal Audit and its safeguards • Opportunities for better business reporting