HIGHLIGHTS OF BOARD ACTIVITIES IN 2024 BOARD LEADERSHIP AND EFFECTIVENESS STRATEGY, RISK, AND SUSTAINABILITY • Revision to the Group Sustainability Policy. • Reimbursement of Recruitment Fee Top-Up Mechanism for Withhold Release Order (WRO). • Plantation Transformation Plan for the Plantation Division (Estates and Mills). • Proposal for Investment/Divestment. • Updates on Steps to Address the WRO by the United States Customs and Border Protection (U.S CBP). • Public Shareholding Spread – Updates and Extension of Time Application. • Appointment of PwC to Enhance FGV’s Procedures for Sustainability-Related Data Collection in FGV’s Sustainability Reporting and Disclosures. • Strategic review and proposed way forward for MSM Malaysia Holdings Berhad. • Strategic review and proposed way forward for FGV Holdings Berhad’s Rubber Business. • Malaysia Budget 2025 Highlights and Impacts to FGV. • Proposed Business Plan 2025 – 2027 (BP27) & Budget FY2025 for FGV Holdings Berhad Group of Companies. • Proposed Transactions in relation to Koperasi Permodalan Felda Malaysia Berhad related entities held under Felda Holdings Berhad. GOVERNANCE • Sexual Harassment Policy for FGV Group. • Amendments to the ToR of BGRMC. • Review of the FGV Sustainability Framework. • FGV Sustainability Report 2022/2023 and Sustainability Review. • Statement On Risk Management and Internal Control (SORMIC) for FGV Annual Integrated Report 2023. • C orporate Governance Overview Statement and Corporate Governance Report. • Production of FGV Holdings Berhad Annual Integrated Report for the Financial Year 2023. • Matters related to 16th Annual General Meeting of FGV Holdings Berhad. • Enhancements to Group Commodity Trading Policy. • R evision of the existing FGV Anti-Corruption Plan (FGVACP) 2020 – 2023 into FGVACP 2024 – 2027. • Amendment to Group Governance Management Division Structure based on recommendations made during the naziran (inspection) by the Suruhanjaya Pencegahan Rasuah Malaysia (SPRM). • A pproval for the appointment of the Institute of Internal Auditors for a Quality Assurance review of Group Internal Audit. • Amendments to the Terms of Reference of Audit Committee. • Gender Diversity in Top and Key Management Policy. • Revision of the Group Internal Audit Charter. • Board Effectiveness Evaluation for the Financial Year 2023. FINANCIAL • Quarterly Report on Consolidated Results. • Issuance of Letter of Financial Support for FGV Holdings Berhad Group of Companies, which are in a Net Current Liabilities or Net Liabilities Position as at 31 December 2023. • Final Dividend for the Financial Year Ended 31 December 2023. • FGV Holdings Berhad’s statutory financial statements for the Financial Year Ended 31 December 2023. • R e-appointment of external auditor for the Financial Year Ending 31 December 2024. • R enewal of Shareholders Mandate and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. • Statutory Audit and Quarterly Review for FGV Holdings Berhad and its Group of Companies for Financial Year 2024. • Non-Contemporaneous from July 2024 to June 2025 (Circular Period) for transactions price over RM50 million and transactions on rental rates. SUCCESSION PLANNING, APPOINTMENTS, REMUNERATION, AND OTHERS • Appointment of the Officer-in-Charge, Chief Executive Officer, FGV Prodata Systems Sdn Bhd. • Appointment of the Group Chief Risk Officer. • Appointment of Group Chief Governance Officer. • 2024 FGV Corporate and Group Chief Executive Officer’s Scorecard. • Appointment or Resignation of Non-Executive Directors. • 2023 Annual Performance and 2024 Annual Salary Increment. • Change of Nominee Director on the Board of MSM Malaysia Holdings Berhad. • Nomination of the GCEO as Chairman of Malaysia Palm Oil Association (MPOA). • Appointment of Audit Committee members. • Appointment of Acting GCEO of FGV Holdings Berhad. • Appointment of GCEO of FGV Holdings Berhad. • Appointment of Group Director Division. • Appointment of Koperasi Permodalan FELDA Malaysia Berhad’s (KPF) Nominees as Directors of FGV Group. • Appointment of the GCEO as a Member of the Malaysia-United Arab Emirates Business Council. 195 Sec 07 SUSTAINING VALUE THROUGH GOOD GOVERNANCE (CORPORATE GOVERNANCE OVERVIEW STATEMENT)
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