FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 139 SIGNIFICANT MATTERS HOW THE BGRMC PROVIDED OVERSIGHT ON THESE MATTERS El-Nino Assessment on Plantation Sector Reviewed the evaluation of El Niño’s potential impact on palm oil yield performance and assessed the effectiveness of current mitigation strategies to strengthen FGV’s resilience against climate change risks. Whistleblowing Reviewed and deliberated on the number of whistleblowing cases, their respective categories, lessons learnt and recommendations from investigations cases. BGRMC (Whistleblowing Committee) Evaluated complaints against high-ranking officials such as Vice Presidents, Sector Heads, Board Members, and Government Appointed Directors ensuring thorough and timely investigations as well as deliberating findings from investigation reports for all positions of FGV employees, and overseeing the implementation of appropriate actions in accordance with the Whistleblower Protect Act 2010 (Act 711). PERFORMANCE REVIEW During the financial year, the Board evaluated BGRMC’s performance and the extent to which the BGRMC met the requirements of its ToR, including the term of office and performance of the BGRMC and each of its members. This performance assessment constituted part of the annual BEA, pertaining to the assessment of Board Committees. The BGRMC Report was made in accordance with the board’s resolution on 27 March 2024. PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT
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