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Governance

Many of our activities are highly regulated by laws and

regulations relating to health, safety, environment and

community impacts. We are committed to complying with

the laws and regulations of the countries in which we conduct

business and, where applicable, to exceeding legal and other

requirements that are less stringent than our own. We believe

high governance standards are integral to ensuring the Group’s

future viability and maintaining our social license to operate.

We have a comprehensive system of stewardship and

accountability that meets the requirements of all applicable

rules, regulations, standards and internal and external

policies.

Our diverse and highly engaged Board of Directors brings

a range of viewpoints and deep expertise that helps

ensure effective oversight of our strategic priorities and

operations, having regard to the interests of shareholders,

customers, suppliers, and the wider community. The Board

is supported by dedicated Board committees, each with its

own charter setting out its roles and responsibility. The Group

Sustainability Committee steers our sustainability activities

which is chaired by a Senior Independent Non-Executive

Director of Fima Corporation Berhad, thus ensuring that we

have Board-level oversight of the critical sustainability issues

affecting the business and how they should be managed.

At the management level, the Heads of Division comprises

the Group’s most senior executives. There is a delegation

of authority framework that clearly outlines those matters

delegated to the Group Managing Director of KFima and

other members of senior management. Besides, ad-hoc

committees are established to deal with particular sets of

ongoing issues.

Our A p p roa ch

Stakeholders are putting increased emphasis

on businesses to meet the corporate

responsibility and sustainability standards,

which is also reflected in consumer behaviour

and legislative requirements. To meet these

expectations and achieve long-term success

and sustainable growth, we are committed

to undertake responsible business practice

through good governance which is supported

by dedicated policies, resource and

operational efficiency and being accountable

for our actions.

governance

kumpulan Fima Berhad

(197201000167)(11817-V)

Annual Report 2020

81