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Independent,
externally facilitated
review
Internal performance
review
Internal performance
review
Independent,
externally facilitated
review
2020
Corporate Governance
Overview Statement
2019
2018
2017
Stage 1
Completion of questionnaires on the
effectiveness of the Board, Committees
and individual Directors
Stage 2
One-to-one interviews with each Director
to ensure candid and objective evaluations
Stage 3
Collation of results and preparation of a
detailed report on the findings and actions
Stage 4
Board evaluation report discussed in
the NRC and the Board meetings
Stage 5
Areas for continuous improvements are
recommended to the Board
Board Evaluation Assessment
• Composition & quality of the Board
• Assessment of Board Chairman
• Boardroom activities
• Ethics and compliance
• Board meeting process and procedures
Audit and Risk Committee Evaluation Assessment
• Composition and quality of the Committee
• Oversight of the financial reporting and internal
controls
• Risk Management
• Audit and Risk Committee meeting process and
procedures
• Ethics and compliance
Individual Board Evaluation Assessment
• Fit and proper
• Contribution and performance
• Calibre and personality
Nomination and Remuneration
Committee Evaluation Assessment
• Composition and quality of the Committee
• Oversight of appointment/election and performance
evaluation of director and senior management
• Oversight of remuneration roles and responsibilities
• Committee meeting process and procedures
Key Areas Covered in the
Questionnaire
Evaluation Process
The results of the evaluations have been reviewed by the Nomination and Remuneration Committee in July 2020 and the
outcomes and recommended actions were thereafter tabled and discussed by the Board and improvement actions were
agreed based on such discussion.
Annual Report 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
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