72 / 232
Financial
Reporting/
Performance
30%
Financial
Reporting
30%
Strategy and
Planning
30%
Group
Performance
Report
30%
People
25%
Strategy and
Planning
20%
Governance
and Reporting
15%
Reports
from Board
Committees
15%
Other Matters
5%
Board activities in
FYE2019
Board activities in
FYE2018
Board Committees
The Board is assisted in the discharge of its duties and responsibilities by the Audit and Risk Committee and
the Nomination and Remuneration Committee. The ultimate responsibility however, resides in the Board and
it does not abdicate its responsibilities to these Committees. Each Board Committee has defined Terms of
Reference, which are available at the Company’s website.
FYE2019
People
• Reviewed performance, reward, composition and succession of Board and senior
management.
• Considered and approved the recommendations made by the Nomination and
Remuneration Committee regarding the new Group salary structure and increment and
performance rewards for Group MD and senior management.
• Approved the appointment of new Directors to the Board.
Governance
and
Reporting
• Reviewed and approved the draft statements to be incorporated in the Annual Report.
• Reviewed results of Board and Committees effectiveness evaluation.
• Reaffirmed Board Charter.
• Received reports/updates from the Chairman of Board Committees.
• Reviewed and approved the re-appointment of Company’s external auditors.
• Reviewed and approved the Group’s Malaysian Sustainable Palm Oil Policy.
• Reviewed and approved the adoption of the Environment, Good Social Practices,
Occupational Safety and Health, Quality and Sexual Harassment Policies.
Kumpulan Fima Berhad
(11817-V)
Annual Report 2019
68