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Fima Corporation Berhad
(21185-P)
sustainability & governance
50
1.4 Sustainability of Business
The Board believes business sustainability and corporate responsibility are integral to generate and sustain short and long
term value for its stakeholders. The Board is cognizant of the importance of business sustainability and, in conducting the
Group’s business, the impact on the environment, social and governance is taken into consideration.
The sustainability practices and corporate responsibility programmes of the Group are disclosed in the Sustainability Report
in this Annual Report.
1.5 Access to Information and Advice
Prior to the date of each Board meeting, all Directors are provided with a full set of board papers for each agenda item
which include the comprehensive reviews and analysis of major operational, financial, technical, legal and regulatory issues,
reports of meetings of all committees of the Board including matters requiring the full Board’s deliberation and approval,
performance reports of the Group’s business developments and updates and on other matters of discussion and/or
approval. The board papers are issued not less than three (3) working days before the meeting date to enable the Directors
to appreciate the issues to be deliberated and where necessary, be briefed before the meeting.
The Board also receives monthly summary report on the performance of the Group with key financial highlights to ensure
that the Directors are updated on the performance of the various business units.
The Directors have independent access to the advice and services of the Company Secretaries, who are responsible for
ensuring that the Board meeting procedures are followed and the applicable rules and regulations are complied with. The
Board is, from time to time, updated on the relevant amendments to the Bursa Malaysia’s Main Market Listing Requirements
(“MMLR”) as well as changes in the law, governance and other regulatory requirements.
The Directors, whether as a group or individually, are entitled to take independent professional advice at the expense of the
Company in furtherance of their duties and in the event that circumstances warrant the same.
The Directors also have full and unrestricted access to Management and, in addition to the presentations made by
Management to Board and/or Board Committee meetings, to any information relating to the Group’s business and affairs
in the discharge of their duties. The Directors may request to be furnished with additional information or clarification,
particularly in respect of any technical issues tabled to the Board. This helps to foster an open and regular exchange of
knowledge and experience.
Senior management are also invited to join in Board and Board Committee meetings to provide explanation or engage in
dialogue with Board members on agenda items being discussed in order for the Board and/or Board Committees to make
an informed decision. All issues raised, deliberations and decisions including dissenting views made at Board meetings
along with clear actions to be taken by responsible parties are recorded in the minutes. Decisions made, policies approved
and follow-up actions at Board meetings will be communicated to Management after the Board meetings.
A meeting of Heads of Divisions (“HOD”) chaired by the Managing Director is held monthly to deliberate on the Group’s
financial performance, business development, operational and corporate issues. The minutes of the HOD meeting is
tabled to the Board on a quarterly basis and the Managing Director will update the Board of any significant matters that
require the Board’s immediate attention.
statement on corporate governance