97 How We Are Governed Financial Statements Shareholders’ Information Additional Information The effectiveness of each of the Board Committee was also discussed in detail and areas for enhancements identified accordingly. Based on the aforementioned, the GNC had recommended certain identified action plans towards enhancing the Board’s governance and processes, which were approved by the Board for implementation, including – 1. tracking and monitoring of strategic plan, longer term digitalisation plans, post-mortem/review of investment and/or business partnerships/ collaborations. This should include timelines with specific deliverables, financials separately showing the Business as Usual and digital business and clear Key Performance Indicators for each category; 2. strengthening the Board’s skill set by having a Board member with legal background and/or banking or fintech entrepreneurial background when considering the replacement for Datuk Syed Ahmad Alwee Alsree and Dato’ Richard Alexander John Curtis; 3. achieving 30% women directors on the Board, within a timeframe of three (3) years or less, as recommended by the revised MCCG; 4. identifying suitable training programmes for the Directors in the areas of Sustainability, Fintech, Artificial Intelligence, Islamic Finance, Green Economy and Environmental, Social and Governance (“ESG”) Risks, as well as International Accounting Standards; and 5. establishment of methodology for risk assessment on ESG matters to cover all aspect of business operations. Independent Professional Advice The Directors (either individually or as a group) have access to independent professional advice, at the expense of the Company, as well as, separate and independent access to Senior Management and the Company Secretary at any point in time. Directorships in Other Companies A Director must not have competing time commitments that may impair his/ her ability to discharge his/ her duties effectively. Directors are required to notify the Board before accepting any new directorship in a public company incorporated in Malaysia and all its subsidiaries incorporated in Malaysia or otherwise. The notification should include an indication of time that will be spent on the new appointment.
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