FGV Annual Report 2020

206 FGV HOLDINGS BERHAD Annual Integrated Report 2020 How We Are Governed: Leadership & Effectiveness Key Matters Reported to the Board The Chairman of the Nomination and Remuneration Committee updated the Board on matters deemed to be of major importance deliberated at the Nomination and Remuneration Committee meetings and its recommendations. The copies of confirmed minutes of each Nomination and Remuneration Committee meeting were also circulated to the Board for noting at the next practicable Board meeting. Among the significant matters considered by the Nomination and Remuneration Committee during 2020 were the following: During the financial year, the Board evaluated the Nomination and Remuneration Committee’s performance and the extent to which the Nomination and Remuneration Committee met the requirements of its Terms of Reference, including the term of office and performance of the Nomination and Remuneration Committee and each of its members. This performance assessment constituted part of the annual Board effectiveness assessment, pertaining to the assessment of Board Committees. This Report was made in accordance with a resolution of the Board of Directors approved on 31 March 2021. P E R FORMANC E R EV I EW Significant matters Proposed appointment of Government Appointed Directors and Non-Independent Non-Executive Director Full Time Equivalent Study Proposed appointment of Senior Management How these matters were addressed by the Nomination and Remuneration Committee Assessed the suitability of candidates, taking into account the selection criteria which include relevant skills, knowledge, expertise, experience, existing directorships, current professional responsibility and other obligations. Took note on the completion of the Full Time Equivalent (FTE) Study whereby all tasks completed by employees in FY2020 were recorded. The FTE study indicated manpower hours utilised and was done to ensure that optimum utilisation of manpower efforts are in place. Considered the proposed appointment of Senior Management taking into account the current and future needs of FGV, including diversity requirements. 2 1 3