ROLE OF THE BOARD The Board, driven by its commitment to shareholders and stakeholders, steadfastly adheres to heightened standards of integrity, accountability as well as ethics in every aspect of the Group’s operations. The Board is responsible for guiding and supervising the Group’s operations and plays a critical role in setting the vision and mission for the Group. A description of the roles and responsibilities of the Board is set out in the Board Charter which is available on the Company’s corporate website at www.fgvholdings.com. The Board, through astute leadership and strategic guidance to Management, assumes responsibility for safeguarding stakeholder value-creation by employing a framework reinforced by rigorous and effective controls. Working seamlessly with Management, the Board initiates and leads the development of robust strategies, strengthened by unwavering governance and sound financial practices. In providing strategic guidance and direction to the Company, the Board ensures alignment with long-term goals and objectives. The Board oversees the Company’s performance, ensuring that Management efficiently implements strategies effectively and meets performance targets. In shaping the Company’s strategic direction and vision, the Board recognises the crucial need to foster and deliver long-term and sustainable value for FGV’s stakeholders. The pursuit is supported by the Board’s insightful leadership and oversight in management as well as ongoing monitoring of the Company’s business performance. The Board considers ESG factors when making prudent and sustainable business decisions. BOARD GOVERNANCE The roles and responsibilities of the Chairman and the GCEO are distinctly separated by a clear demarcation of responsibilities which are defined and approved by the Board in accordance with best practices to ensure appropriate supervision of Management. This distinction also enables understanding and distribution of responsibilities and accountabilities. NEDs, who are wholly independent and strictly do not engage in any day-to-day management activities of the Company, are relied upon to provide effective oversight of Management. BOARD LEADERSHIP AND EFFECTIVENESS 187 Sec 07 SUSTAINING VALUE THROUGH GOOD GOVERNANCE (CORPORATE GOVERNANCE OVERVIEW STATEMENT)
RkJQdWJsaXNoZXIy NDgzMzc=