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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