BOARD LEADERSHIP AND EFFECTIVENESS Corporate Governance Overview Statement OUR GOVERNANCE AND INTEGRITY FRAMEWORK A PRINCIPLE GOVERNANCE ASSURANCE GOVERNANCE PROCESS & CONTROL GOVERNANCE REQUIREMENT Company Policies Company Policies Standard Operating Procedure Standard Operating Procedure Effective Audit and Risk Management Effective Board Leadership Transparent Corporate Reporting Control Governance Mechanism GOVERNANCE AND INTEGRITY MAIN BOARD • Board Charter • Code of Business Practice • Code of Ethics and Conduct BOARD COMMITTEES Terms of Reference • Nomination and Remuneration Committee • Audit Committee • Board Governance & Risk Management Committee • Board Sustainability Committee • Investment Committee PLANTATION INDUSTRY • Malaysian Palm Oil Board (MPOB) • Malaysian Sustainable Palm Oil (MSPO) • Roundtable on Sustainable Palm Oil (RSPO) • Department of Occupational Safety and Health (DOSH) • Department of Environment (DOE) • All other industry specific related laws and regulations REGULATORS • Companies Commission of Malaysia (CCM) • Bursa Malaysia Securities Berhad (Bursa Securities) • Securities Commission • Any other related regulators BEST PRACTICES • MCCG 2021 • Task Force on ClimateRelated Financial Disclosures (TCFD) • Sustainability Accounting Standards Board (SASB) GOVERNANCE OVERSIGHT Group Chief Executive Officer (GCEO) Business Divisions Corporate Centres Operations Supporting Functions • Group Chief Financial Officer • Division Heads • Corporate Centre Heads Group Management Committee (GMC) OVERSIGHT ROLE & MANAGEMENT REVIEW KEY EXTERNAL REGULATORS & BEST PRACTICES In line with our commitment to Environmental, Social, and Governance (ESG) principles, we recognise that strong governance and integrity are essential for driving sustainable value creation. By embedding governance and integrity at the heart of our corporate culture, we seek to promote responsible decision-making that benefits our stakeholders, enhances our resilience, and strengthens our long-term sustainability. At FGV, we are committed to upholding the highest standards of corporate governance and integrity. Our Governance and Integrity Framework is designed to ensure transparency, accountability, and ethical conduct throughout aspects of our operations, in line with the principles of good governance as outlined in the MCCG and other global best practices. As we continue to uphold the principles of governance and integrity, we reaffirm our commitment to creating a sustainable future for our stakeholders and contributing positively to the communities we serve. This dedication underscores our determination to lead with responsibility, transparency, and purpose. 184 FGV Holdings Berhad | Annual Integrated Report 2024
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