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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 219

With the above changes, the Board composition under
• Reviewed and approved proposed strategies for the financial review, comprised of nine (9) members,
improvements & optimisation in both MSM Sugar with six (6) Independent Non-Executive Directors (INED)
Refinery (Johor) Sdn Bhd and MSM Prai Bhd to
address operational issues and three (3) Non-Independent Non-Executive Directors
• Reviewed, recommended and approved new gas (NINED). This complied with the Paragraph 3.04 of
supply agreement for refineries operations Listing Requirements and Practice 5.2 of MCCG 2021.
• Reviewed and approved revisions of MSM Group
policies relating to procurement
• Reviewed Group’s business strategies for expansion Board Diversity for FY2021
and diversification

The Board recognises the importance of diversity in its
composition to ensure effectiveness and good corporate
Governance and Others governance. The NRC and Board regularly review the
composition of the Board to ensure proper discharge of its
• Reviewed, deliberated and approved among others, functions and obligations. All Directors are appointed via a
reports for disclosure in Annual Report 2020, policies robust process, based on merit and in line with the standards
and procedures and matters related to the 2021 AGM set out in Paragraph 2.20A of the Listing Requirements.
• Reviewed the Circular to Shareholders pertaining The background of each Director can be found on pages
to the Divestment of 100% Shares in MSM Perlis 186 to 194, demonstrating the Board’s diversity policy.
Sdn Bhd owned by MSM Malaysia Holdings Berhad
to FGV Integrated Farming Holdings Sdn Bhd Gender Age
• Approved the Nomination by CEO Action Network of 2 7 2 7
MSM Group CEO as Main Member
• Reviewed the Establishment of Whistleblowing
Channel (System) & Committee in MSM Malaysia
Holdings Berhad and its Group of Companies
• Reviewed the status of COVID-19 cases for Female 50-59
MSM Group time by time and set up the task force Male 60-69
to manage and control the case of COVID-19
• Reviewed the Level of Compliance and Gap Analysis
for practices under MCCG 2021 Composition Tenure
• Reviewed MSM Cyber Security Status of MSM Group 3 6 7 2

Below
3 years
Board Composition NINED 7-9
INED years

The following were the changes in the Board Composition
during FY2021: Skill & Experience
• Appointment of the following Non-Independent 4 1 5 4 3 2 2 1
Non-Executive Directors: Strategy & Risk
i. Dato’ Amir Hamdan Hj Yusof as Nominee Director Upstream Business
for KPF effective 12 January 2021 Corporate
Business/Administration
ii. Nik Fazila Nik Mohamed Shihabuddin and Azman Accounting/Finance
Ahmad, represented FGV effective 18 October 2021 Legal
• Resignation of Dato’ Haris Fadzilah Hassan on 7 April 2021. Logistics/Transportation
ESG