Shaped By High Standards Of Governance 154 FGV HOLDINGS BERHAD Effective Audit and Risk Management Principle B: SUMMARY OF WORK In 2022, the BGRMC undertook the following principal activities in discharging its responsibilities: GOVERNANCE, ETHICS AND INTEGRITY RISK MANAGEMENT a. Assessed and deliberated on the Group’s key risks, reputational and emerging risks, cyber security monthly report, corruption risk, project and tender risk assessment highlights, and key risk management and governance activities. b. Appraised the reports on: • Key deliberations for matters discussed in Risk Management Committee • Establishment of FGV Risk Appetite Statement and its development progress • 2023 plans for risk management activities and the completed initiatives conducted in 2022 • Business Continuity Management (BCM) activities across the Group in FGV Group Quarterly Risk Report STATEMENTS INCLUDED IN FGV’S ANNUAL INTEGRATED REPORT 2021 a. Reviewed the BGRMC Report, the SORMIC, CGOS and Sustainability Statement to be included in FGV’s Annual Integrated Report 2021 as well as the CG Report 2021 and recommended the same to the Board for approval a. FGV Integrity Assessment Tool Survey Results by Institut Integriti Malaysia b. Revision of Corporate Responsibility Policy c. Proposal for CGOS, Report on the BGRMC and the CG Report. d. Proposal for 2021 Performance Bonus for Head of Group Governance & Risk Management e. Proposal for FGV Governance and Integrity Framework f. Proposal for Whistleblowing Committee Terms of Reference for Senior Staff (Vice President and Above) and Board of Directors g. Whistleblowing and Grievance Update h. Anti-Bribery Audit Outcome i. Adequacy Assessment Results j. Group Governance & Risk Management Activity Progress Report k. Proposal for Revised Directors’ CoBP & Directors’ CoEC l. Proposal for Restructuring of Group Governance & Risk Management Division
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