FGV Annual Report 2020

226 FGV HOLDINGS BERHAD Annual Integrated Report 2020 Governance at FGV: Integrity in Corporate Reporting Financial Reporting and Disclosure Statement by the Board Annual Integrated Report FGV’s Board strives to present shareholders with a balanced and comprehensive assessment of the Group’s financial performance, challenges and outlook. To facilitate this, the Group prepares audited Financial Statements and quarterly results that are further supported by the Chairman’s Statement, the GCEO’s Message and the Business Review in the AIR 2020. The Board is also committed to releasing announcements in a timely manner in respect of the Group’s performance. In the context of our Financial Statements, the Group adheres to the requirements set out in the Malaysian Financial Reporting Standards (MFRS), the International Financial Reporting Standards (IFRS), Bursa Securities Listing Requirements and the Companies Act 2016, as well as the laws and regulations in the respective countries in which FGV operates. Our annual Financial Statements and quarterly reports are also reviewed by the Audit Committee to ensure a fair representation of the Group and the Company. The Board is committed to provide a fair and objective assessment of the financial position and prospects of the Group in the quarterly financial results, annual financial statements, Annual Integrated Reports and all other reports or statements to shareholders, investors and relevant regulatory authorities. The Board has deliberated, reviewed and approved this Statement and is satisfied that the Group has fulfilled its obligations under the relevant paragraphs of the Bursa Securities Listing Requirements, Companies Act 2016, MCCG 2017, Bursa Securities’ Corporate Governance Guide 2017 and other applicable laws and regulations throughout the financial year ended 31 December 2020. This Statement was made in accordance with a resolution of the Board of Directors approved on 31 March 2021. This is FGV’s 6 th Annual Integrated Report and 9 th Annual Report produced since our listing on Bursa Securities on 28 June 2012. The AIR provides a comprehensive coverage of the Group’s operations and financial performance in 2020. FGV won the Best Annual Report in Bahasa Malaysia (Silver) from NACRA 2020. The Statement on Directors’ Responsibility in respect of preparation of FGV’s Audited Financial Statements is set out on page 1. An online version of the AIR is also available on our website at www.fgvholdings.com .