FGV Annual Report 2018

REINFORCED OUR STANDARDS OF GOVERNANCE 01 02 05 03 07 06 04 08 09 75 ANNUAL INTEGRATED REPORT 2018 GOVERNANCE AT FGV: LEADERSHIP AND EFFECTIVENESS NOMINATION AND REMUNERATION COMMITTEE REPORT PERFORMANCE REVIEW During the financial year, the Board evaluated the Nomination and Remuneration Committee’s performance and the extent to which the Nomination and Remuneration Committee met the requirements of its Terms of Reference, including the term of office and performance of the Nomination and Remuneration Committee and each of its members. This performance assessment constituted part of the annual Board effectiveness assessment, pertaining to the assessment of Board Committees. This Report is made in accordance with a resolution of the Board of Directors and approved at the Board meeting dated 27 March 2019. Significant Matters How these Matters were Addressed by the Nomination and Remuneration Committee Outcome on the Process Undertaken • Reviewed the proposed succession plan for Top Management taking into consideration the criteria and skill sets of the successors and their readiness level. Proposed Succession Planning for Top Management The list of successors approved were considered as part of the selection process for the Top Management positions that were vacant.