FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 107 At the heart of our values lies empowerment, demonstrated through our PRIDE principles, fostering an environment where employees can thrive. Our Governance and Integrity Framework forms the bedrock of our strategic development, enabling us to realise our vision, strengthen the business, and benefit all stakeholders. Within this framework, the Board diligently oversees our governance practices, actively engaging with our employees and stakeholders. Our dedication to equality and diversity is evident across all levels of the Organisation, alongside our commitment to maintaining transparency, honesty, and integrity in all aspects of our operations. In our commitment to upholding corporate governance standards, we are pleased to announce our successful recertification of the ISO 37001 AntiBribery Management Systems. Additionally, we are proud to have attained an exceptional Level of Integrity in our Integrity Assessment Tool. A recent reassessment of risk conducted by the Malaysian Anti-Corruption Commission (MACC) for the period spanning 2020 to 2023 has categorised our risk level as MODERATE, a significant improvement from our previous rating of HIGH in 2019. This reflects our dedicated efforts towards mitigating corruption risks within our Organisation. In 2023, as part of ESG’s Governance Pillar, we introduced the Tax Corporate Governance Framework (TCGF) to steer the Group’s engagement with stakeholders concerning its tax obligations. The TCGF encompasses various technical guidelines and associated documents on tax management and processes within the Group. FGV is proud to have been among the early adopters of the TCGF internally, as advised by the Inland Revenue Board. This Corporate Governance Overview Statement (CGOS) offers a comprehensive review of FGV Group’s governance practices and achievements for the financial year ended on 31 December 2023. Recognising its significant responsibility, the Board is dedicated to nurturing sustainable growth within the Group. This commitment involves integrating Environmental, Social, and Governance (ESG) principles into our operations and decision making as it is a fundamental aspect of a plantation company, prioritising shareholder value, and actively contributing to societal well-being. Our aim is to cultivate positive impacts on society while ensuring the long-term success of our Organisation. CORPORATE GOVERNANCE OVERVIEW STATEMENT Tan Sri Rastam Mohd Isa Chairman, Non-Independent Non-Executive Director
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