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176 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

GOVERNANCE

INITIATIVES

SDG 16
PEACE, JUSTICE AND STRONG INSTITUTIONS

GOVERNANCE

A continuous effort on embedding good governance and sustainability practices. In FY2021, we have
and inculcating a culture of high integrity are priorities. strengthened our Board and governance structures through
MSM Group's turnaround plan focuses on a high the appointment of two new members. They are:
performance culture anchored on governance and integrity.
It is everyone's role to ensure proper governance, integrity Nik Fazila Nik Mohamed Shihabuddin
and adopting best practices at all times to ensure our appointed on 18 October 2021
success and safeguard our businesses. Strong and
adequate controls have been put in place to manage all Azman Ahmad
aspects of our business and ensure that our employees appointed on 18 October 2021
feel supported to do the right thing.

The Board anchors the Group’s strong corporate MSM is confident that diversity in our leadership teams
governance culture to support sustainable and successful will create and deliver value and drive MSM forward
execution of MSM’s strategy and strengthen trust and towards creating a resilient and sustainable business.
confidence among our investors and stakeholders.
The Board’s Audit Governance & Risk Committee Note: The approach taken by the Group and information about
the Group’s corporate governance principles, structure and
(AGRC) supports the Board in fulfilling its statutory practices; Board of Directors, roles and board committees;
and fiduciary responsibilities, especially in the areas risk management; internal and external control can be found in
of financial reporting, governance, risk management the Corporate Governance Overview Statement and Committees’
Report of this FY2021 Annual Integrated Report, on page 208.