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Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
81
The Nomination and Remuneration Committee reviews the Directors who are due to retire in accordance with the Company’s
Constitution and make relevant recommendation on their re-election or re-appointment to the Board. The re-appointment of Encik
Rezal Zain bin Abdul Rashid and Dato’ Adnan bin Shamsuddin, the Company’s Independent Directors who have served the Board for
more than 9 years, will be subject to separate resolutions to be approved by the shareholders.
Directors who are due for re-election and re-appointment at the forthcoming AGM are as set out in the Notice of 45
th
Virtual AGM in
this Annual Report.
Performance Evaluation
The Board undertakes annual evaluation of the Board’s work, its Committees and individual Directors, with the aim of further
developing and enhancing Board procedures and efficiency and identifying future focus areas of the Board.
For FYE2020, the Board also undertook an evaluation process of the effectiveness of the Board facilitated by an external consultant,
BDO Governance Advisory Sdn. Bhd. which included input from each Board member through questionnaires and one-to-one
interviews.
The results of the evaluations have been reviewed by the Nomination and Remuneration Committee in July 2020 and the outcomes
and recommended actions were thereafter tabled and discussed by the Board and improvement actions were agreed based on
such discussion.
2017
Independent,
externally
facilitated
review
2018
Internal
performance
review
2019
Internal
performance
review
2020
Independent,
externally
facilitated
review
Key Areas Covered in the Evaluation Questionnaire
Board Evaluation Assessment
• Composition & quality of the Board
• Assessment of Board Chairman
• Boardroom activities
• Ethics and compliance
• Board meeting process and procedures
Audit and Risk Committee Evaluation Assessment
• Composition and quality of the Committee
• Oversight of the financial reporting and internal controls
• Risk Management
• Audit and Risk Committee meeting process and procedures
• Ethics and compliance
Individual Board Evaluation Assessment
• Fit and proper
• Contribution and performance
• Calibre and personality
Nomination and Remuneration Committee Evaluation
Assessment
• Composition and quality of the Committee
• Oversight of appointment/election and performance
evaluation of director and senior management
• Oversight of remuneration roles and responsibilities
• Committee meeting process and procedures