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• RMC is sub-committee of the Audit Committee.
• Supports the Audit Committee in the development and
implementation of the Group’s risk management and
internal control framework.
• RMC is composed of Board representatives from
FimaCorp and Kumpulan Fima Berhad (“KFima”)
(the Company’s penultimate holding company) and
FimaCorp’s Chief Operating Officer.
• RMC is supported by the Risk Management Unit
(“RMU”) which is made up of executives/management
of the respective business units. The RMU is responsible
for managing, mitigating and monitoring strategic and
operational risks at company/divisional level.
Risk Management
Committee (“RMC”)
• 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.
Disclosure
Committee
• 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 and support function.
HEADs OF DIVISIONS
(“HOD”)
• The GSC oversees 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 senior management.
• The GSC Terms of Reference can be found on the
Company’s website.
Group
Sustainability
Committee (“GSC”)
• 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 FimaCorp,
as may be necessary in the circumstances.
Ad-Hoc Committees
and Teams
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:
Meetings and Time Commitment
The Board meets regularly at least four (4) times a year at quarterly intervals and holds additional meetings
as and when the Board thinks appropriate. All Directors are expected to allocate sufficient time to their role
on the Board and Committees on which they serve in order to discharge their responsibilities effectively.
Details of Board and Committee attendance at FYE2019 are disclosed herein.
Throughout FYE2019, the Board and Board Committees also approved transactions through circular resolutions,
which were circulated to the Board and Board Committees together with all the information relating to the
proposed transactions and verbal briefings were given by the Managing Director or the Company Secretaries
when required.
corporate
governance
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