Corporate Governance Overview Statement SUMMARY OF ACTIVITIES At the beginning of the year, the AC identified key areas of concern to direct Management’s attention, and Management was required to report significant matters to the AC. The key matters addressed by the AC during the year under review are summarised below: a Report from PricewaterhouseCoopers PLT (PwC) for the financial year ended 31 December 2023. b Financial and Operational Report for Plantation, Sugar, and Logistics & Support. c Quarterly Report on Consolidated Results. d Quarterly update on Group Rolling Cash Flow. e Final Dividend for the financial year ended 31 December 2023. FINANCIAL REPORTING f Issuance of a Letter of Financial Support for FGV and its Group of Companies. g Statutory Financial Statements for the financial year ended 31 December 2023. h Update on tax implications for restructuring companies within the FGV Group. a Updates on the Implementation of Recommendations from the Internal Audit. b Updates on the Progress of Matters that were subject to Forensic Investigation and Legal Advice. c Quarterly Report on the Status of Material Litigation Cases involving FGV Group. RISKS AND INTERNAL CONTROL ENVIRONMENT d CGOS, Report on the AC and CG Report 2023. e Statement on Risk Management and Internal Control for FGV Annual Integrated Report 2023. f Production of FGV’s AIR 2023. g Revision of FGV Group’s Limits of Authority. a Reappointment of External Auditors 2024 based on the established External Auditor Policy and recommended their re-appointment to the Board. b External auditor’s audit fees for 2024. c Written assurance from external auditors’ in their audit plan for 2023 confirming they are, and will remain, independent throughout the conduct of the audit engagement in accordance with the ToR of all relevant professional and regulatory requirements. EXTERNAL AUDIT PROCESS AND OUTCOME d Private meetings with the external auditors were conducted in two private sessions during the financial year without the presence of Management on 21 March 2024 and 20 November 2024. e Non-Audit Services Provided by PwC for the financial year ended 31 December 2023. f Re-appointment of External Auditor for the financial year ended 31 December 2024. g Fee for Statutory Audit and Quarterly Review for FGV and its Group of Companies for the financial year 2024. PRINCIPLE B 214 FGV Holdings Berhad | Annual Integrated Report 2024
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