PRINCIPLE Dear Shareholders, This Corporate Governance Overview Statement (CGOS) summarises the FGV Group’s governance practices and achievements for the financial year ended 31 December 2024. As a Group, we are committed to upholding the fundamental principles of good governance, accountability, transparency, and integrity. The Board of Directors of FGV Holdings Berhad (Board) is resolved to building resilience through the adoption and strengthening of the Group’s corporate governance policies, practices, and to ensure long-term business sustainability in a challenging and evolving business landscape. At FGV Group, we embrace the current emphasis on corporate governance as it is an extension of our core values – Partnership, Respect, Integrity, Dynamism, Enthusiasm (PRIDE). To us, sound corporate governance is not just about adherence and compliance with a set of recommendations and best practices. It is central to everything we do and serves as the fundamental premise of our business. We will endeavour to strengthen our governance framework and policies, and are confident that we can continue building a strong sustainable business that consistently creates long-term value for our stakeholders. Board Leadership and Effectiveness • Our Governance and Integrity Framework • Sustainability Governance • Board Oversight • Board and Committee Roles and Attendance • Roles and Responsibilities • Principal Board Activities • Board Performance • Induction, Training, and Development • Nomination and Remuneration Committee Report • Directors’ Remuneration • Senior Management’s Remuneration • Board Sustainability Committee Report • Formalised Ethical Standards Effective Audit and Risk Management • Audit Committee Report • Relationship with the External Auditor • Group Internal Audit • Board Governance and Risk Management Committee Report Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders • Communicating with Our Stakeholders • Effective Communication • Media Coverage • General Meetings This Statement, which encompasses reports from the Board Committees and mandated disclosures, underscores our commitment to adhering to the Malaysian Code on Corporate Governance (MCCG) 2021 and its three key corporate governance principles set out therein as follows: A B C Further information can be found on pages 184 to 211. Further information can be found on pages 212 to 221. Further information can be found on pages 222 to 223. This CGOS should be read in tandem with the Corporate Governance Report 2024 (“CG Report”), which is available on our website, www.fgvholdings.com 183 Sec 07 SUSTAINING VALUE THROUGH GOOD GOVERNANCE (CORPORATE GOVERNANCE OVERVIEW STATEMENT)
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