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FYE2019
Strategy and
Planning
• Reviewed and approved budget and business plan for FY 2020 and key performance
targets.
• Reviewed the Group’s proposed strategic plan.
• Reviewed and discussed trends, challenges impacting the Group and potential
opportunities during a 3-day offsite retreat with Management.
People
• Reviewed performance, reward, composition and succession of Board and senior
management.
• Considered and approved the recommendations made by the Nomination and
Remuneration Committee regarding the new Group salary structure and increment
and performance rewards for Managing Director and senior management.
• Approved the appointment of new Directors to the Board.
Governance and
Reporting
• Reviewed and approved the draft statements to be incorporated in the Annual
Report.
• Reviewed results of Board and Committees’ effectiveness evaluation.
• Re-affirmed Board Charter.
• Received reports/updates from the Chairman of Board Committees.
• Reviewed and approved the re-appointment of Company’s external auditors.
• Reviewed and approved the Group’s Malaysian Sustainable Palm Oil Policy by the
Group’s plantation subsidiaries.
• Reviewed and approved the adoption of the Environment, Good Social Practices,
Occupational Safety and Health, Quality and Sexual Harassment Policies.
Financial
Reporting/
Performance
30%
Strategy and
Planning
30%
People
25%
Governance
and Reporting
15%
Board activities in
FYE2019
Other Matters
5%
Financial
Reporting
30%
Group
Performance
Report
20%
Strategy and
Planning
30%
Reports
from Board
Committees
10%
Board and Board
Committees
evaluation
5%
Board activities in
FYE2018
Board Committees
The Board delegates its powers and authorities from time to time to Board Committees in order to ensure the
operational efficiency and specific issues are being handled with relevant expertise. Two (2) Board Committees have
been established and each of them has its specific duties and authorities set out in its own terms of reference, which
can be found in the ‘Investors’ page on the Company’s website. An overview of the members and key responsibilities
of each committee is set out below:
corporate
governance
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