Shaped By High Standards Of Governance 126 FGV HOLDINGS BERHAD CORPORATE GOVERNANCE OVERVIEW STATEMENT Central to everything we do is our vision of delivering sustainable foods and agriproducts to the world. We instil a culture that aims to allow our employees to maximise their potential driven by our PRIDE values. Having a strong Governance and Integrity Framework for FGV Group (FGV Group Governance and Integrity Framework) which supports our long-term strategic development is critical for us to fulfil our vision, support the business and benefit all our stakeholders. The Board continually monitors our governance arrangements. We regularly discuss the most effective methods of achieving greater Board engagement with our people and other stakeholders, and focus building our existing initiatives, in order to better understand their views. We are committed to equality and diversity at all levels, and this remains an important area of focus for the Board. The Board takes seriously its responsibilities in ensuring that all of our people act with openness, honesty and transparency. As we continue to grow, it is vital that we maintain a strong culture which aligns with our vision, strategy and values. We continue to work on robustly assessing and mitigating our principal risks through our Board committees and reporting on those activities. In conclusion, I am confident that the Board continues to have the right balance of skills, expertise, experience and professionalism to continue to deliver strong governance, within our culture of ‘doing the right thing’. This CGOS, along with our Corporate Governance Report 2022 (CG Report 2022), which is available online, has been prepared to provide stakeholders with a comprehensive explanation of the FGV Group Governance and Integrity Framework. It takes into consideration guidance from the MCCG 2021, Bursa Malaysia Securities Berhad (Bursa Securities) Main Market Listing Requirements (Listing Requirements) and the Companies Act 2016. Dato’ Shahrol Anuwar Sarman I am very pleased to present the Corporate Governance Overview Statement (CGOS) for the year ended 31 December 2022. The Board is responsible for the long-term sustainable success of the Group, creating value for shareholders and contributing to the wider society. To achieve this, the Board supports and challenges Senior Management to ensure we maintain a high governance standards. This CGOS explains how we seek to achieve these goals and how the Malaysian Code on Corporate Governance (MCCG) practices have been applied in the year. At the heart of the MCCG is a set of principles that emphasise the value of good corporate governance to long-term sustainable success. AWARDS AND RECOGNITION MSWG-ASEAN Corporate Governance a) Scorecard 2021: FGV has improved its rank to 51st place (out of 100 companies) from 70th place in 2020 and no place in 2019, with a commendable score of 80%. b) Asset Class Awards 2021: FGV was announced as one of 54 Malaysian Public Listed Companies out of 234 ASEAN winners. 100% of FGV employees completed the online Integrity Pledge for 2022. Successfully re-certified our Categorised as ‘low risk’ with minimal ground for MACC S17A ‘failure to prevent charge’ on Adequate Procedures Adequacy Assessment by TRIDENT Integrity 2022. ISO 37001 Anti-Bribery Management Systems. category at Alpha Southeast Asia’s 12th Annual Institutional Investor Awards. Strongest Adherence to Corporate Governance 2021
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