Board Composition and Balance

The Board currently consists of seven (7) members. There are six (6) non-executive directors and one (1) executive director, of whom four (4) are independent. With this composition, the Board is in compliance with paragraph 15.02 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities).

All directors are jointly responsible for the corporate governance, strategic direction, formulation of policies and overseeing the resources, investments and businesses of the Group. The role of the independent non-executive directors is particularly important in ensuring that the strategies proposed by management are fully deliberated and examined taking into account the long-term interest of the shareholders and other stakeholders in which the Group conducts its business.

There is a clear separation of role between the Chairman, the Executive Director (ED) and the Group Chief Executive Officer (GCEO) with clear division of responsibilities to ensure proper balance of power and authority. The ED and GCEO are responsible for the day-to-day management of the Group's businesses with objectives and strategies established by the Board.

The Board retains full and effective responsibility for the overall strategic direction of the Group. It ensures that management develops and maintains sound policies and practices, which will help to promote and drive long-term sustainable growth and shareholders' value. To this end, the Board had assumed the following responsibilities in accordance with the best practices of the Malaysian Code on Corporate Governance:

• Determine the strategic plan for the Company and Group;

• Overseeing the conduct of the Group's businesses;

• Managing principal risks affecting the Group;

• Reviewing the adequacy and integrity of the Group's internal control systems;

• Implementing succession planning for timely succession of key management positions, within the Group; and

• Maintaining an effective investor relations programme and shareholders communication policy for the Group.