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

CORPORATE GOVERNANCE

OVERVIEW STATEMENT

The Board Committees are governed by their respective TOR. There were sixteen (16) Board meetings held during
financial year 2021. Due to COVID-19 pandemic, most of the
The Board Committees’ TORs are published in the Board meetings for the year 2021 were convened virtually.
Company’s corporate website at http://www.msmsugar.com/ There were eight (8) unscheduled meetings convened to
our-company/ corporate-governance. discuss the proposals which required critical and immediate
decision from the Board. The summary of key activities of
the Board for the year 2021 are illustrated at page 218 of this
Our Company Secretary
Annual Integrated Report.
The Board is supported by a qualified and competent Priorities in FY2022
Company Secretary who is responsible for addressing the
Board on all governance matters and ensuring the Board 01 Sustainable Manufacturing Performance
procedures are followed, applicable rules and regulations are
complied with in order to facilitate the Board in discharging 02 Improving Sales Performance
their duties and responsibilities. Ms Koo Shuang Yen is the
Company Secretary of MSM Group since 20 May 2011. Growing a Sustainable Operation with Better Energy
03
The details of information on the roles and responsibilities Planning and Green Energy
of the Company Secretary can be found in the CG Report 04 Sales & Distribution Cost Savings
2021 and Board Charter at Company’s corporate website at
http://www.msmsugar.com/our-company/corporate-governance.
05 Strategic Capital Management

Board Evaluation Assessment 06 Export via Strategic Partnership

A formal performance evaluation of the Board and 07 Digital Transformation via Industry 4.0
Board Committee is completed annually to assess the
Board’s performance. The exercise of Board Evaluation
Assessment for the year 2021 (BEA 2021) was carried out
internally and facilitated by Company Secretary. The sets of Details of the priorities can be found at the Corporate
questionnaires were sent to Directors for their evaluation. Strategy and Business Plan Review on page 73
The assessment was then analysed and the findings
presented to NRC for deliberation and the summary of the Number of meetings convened by Board and each Board
results tabled to the Board for endorsement.
Committee:
Further details on the BEA 2021 carried out is disclosed in the
NRC Report on page 236 of this Annual Integrated Report. Number of Meetings in 2021
16 13 9 8
Our Board and Board Committee Meetings and Board of Director
Attendance
Audit, Governance and Risk
Committee
The Board meetings conducted in 2021 were scheduled
ahead and approved by the Board on 23 November 2020. Nomination and Remuneration
Committee
The meeting schedule together with the draft agendas were Investment and Tender
structured to address the Board’s collective responsibilities Committee
in relation to strategy, performance and governance.