59 / 204
Accountability and reporting
Delegation and oversight
Delegation and oversight
Accountability and reporting
Accountability and reporting
The Board delegates powers to the
Managing Director for all matters except
those reserved for the Board or its Board
Committees
The Company Secretaries role is to support the
Board and its Committees
Sets the direction and
translates Group’s
strategy into clear
expectations, standards
of performance and
behaviour for their
division
board of directors
company secretaries
senior
management
independent
assurance
risk management committee
Group sustainability
committee
disclosure committee
ad-hoc committees & teams
heads of divisions
Managing director
- Internal Auditor
- External Auditors
- Legal &
professional
advisor
audit
committee
nomination &
remuneration
committee
other
committees
Corporate Governance
Overview Statement
The Board is committed to establishing and maintaining high standards of corporate governance and recognizes
that good governance is vital for the long-term success and sustainability of Fima Corporation Berhad (“the
Company” or “FimaCorp”) businesses.
This statement illustrates the extent of which the Board has embodied the spirit and principles of the Malaysian
Code on Corporate Governance (“MCCG”) with regards to the recommendations stated under each principle
for the year under review and should be read in conjunction with the Corporate Governance Report which is
accessible online at
www.fimacorp.com/corporate-governance.CORPORATE GOVERNANCE FRAMEWORK
The Board has established a clear governance structure and the overall approach has been designed to support
and work within the Group structure. The diagram below illustrates the Company’s current corporate governance
framework.
corporate
governance
55