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The Board is also supported by various committees which have been established to assist in the discharge of the Board’s
oversight functions. The committees are:-
Risk Management
Committee (“RMC”)
• RMC is sub-committee of the Audit Committee.
• Assists the Audit Committee in fulfiling its responsibilities relating to the Group’s
risk management and internal control framework.
• Consists of directors from the Board of the Company and Kumpulan Fima
Berhad (the Company’s penultimate holding company) (“KFima”) and the
Company’s Chief Operating Officer.
Sustainability
Committee
• The committee has been established to oversee how the Group’s sustainability
programs support business goals and aspirations, and to monitor the progress
thereof.
• Consists of representatives from the Boards of KFima and FimaCorp and
members of Group management.
• The Terms of Reference can be found on the Company’s website.
Heads of
Divisions (“HOD”)
• Deliberates on the performance and conduct of the Group’s operating units
including the status of internal audit findings, implementation of Group policies
and examining all strategic matters affecting the Group.
• The HOD comprises of KFima’s Group Managing Director, as Chairman and all
heads of divisions.
Disclosure
Committee
• Responsible for ensuring the Group’s compliance with its continuous disclosure
obligations and for overseeing the Company’s disclosure practices under the
Company’s Corporate Disclosure Policy.
• The Committee comprises various members of senior management.
Ad-hoc Committees
and Teams
• Project committees and teams are set up at the divisional and operating levels
by the respective management.
• The committees and teams comply with the best practices in good governance,
subject always to the counsel of the Board and compliance with any policy and
delegated authority limits set by the Board.
• Progress reports on the respective projects are submitted to the Board of the
subsidiary and the Company, as may be necessary in the circumstances.
CORPORATE GOVERNANCE OVERVIEW STATEMENT