FGV Annual Report 2018

49 REMAINED FOCUSED ON VALUE CREATION 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 MANAGEMENT DISCUSSION & ANALYSIS RENEWING OUR LEADERSHIP AGENDA By the end of the first half of 2018, we had identified serious capacity gaps in management which could have prevented the Group from stemming the decline in our business and implementing an effective turnaround. However, by January 2019 the Group had fully put in place a new, capable Management team. They will drive the Group’s Transformation Plan with guidance from our Board of Directors. We are confident of instituting the necessary changes to optimise financial returns from the Group’s operations, thereby enhancing value for our Stakeholders. DRIVING THE PERFORMANCE OF OUR BUSINESS At FGV, we continually assess, develop and strengthen our Human Capital to ensure that we have the right competencies and that our people have the right qualities, dynamics and passion to drive the Group’s various initiatives. The approach we take to our Human Capital development is guided by our Human Capital strategy framework as illustrated below: Scholarship Programme We provide scholarships to tertiary students pursuing selected fields of study locally and abroad. Since 2006, we have sponsored 51 students in pursuing their A-Levels at Kolej Yayasan UEM before continuing with degree programmes at top universities in the UK, while another 68 recipients have benefited from scholarships for studies at local public universities. To date, we have 31 scholarship recipients serving the Group. HUMAN CAPITAL STRATEGY FRAMEWORK P e r f o r m R i g h t D e v e l o p R i g h t R e w a r d R i g h t P a r t n e r s h i p R e s p e c t R e c r u i t / R e t a i n R i g h t I n t e g r i t y D y n a m i s m E n t h u s i a s m Business Performance 4 2 1 3 GROUP HUMAN CAPITAL’S MISSION To create value through our Human Capital via transformation of our people towards a High-Performance Culture 1 2 3 NURTURING TALENTS Graduate Trainee Programme We continue to implement our Graduate Trainee Programme which aims not only to grow our talent pool but also contribute to nation-building by equipping fresh graduates with work experience and skills. During the year, 25 cadet planters were selected to fill assistant estate manager positions with another 15 Information Technology (IT) trainees hired for IT-related positions at FGV Prodata Systems Sdn. Bhd. (formerly known as Felda Prodata Systems Sdn. Bhd.). Cadet Supervisor Programme We sought to fulfil our plantations manpower needs by hiring ex-armed forces personnel from the “ Perbadanan Hal Ehwal Bekas Angkatan Tentera " . Candidates undergo six-months training under our Cadet Supervisor Programme, with successful candidates being offered permanent positions within the Group. During the year, 25 candidates participated in the programme and to date, three cadets have completed the programme and are currently serving as estate supervisors. HUMAN CAPITAL