CORPORATE GOVERNANCE OVERVIEW STATEMENT The table below illustrates the Group’s governance structure, an overview of the Board and Management Committees: Management Risk Committee Head of Internal Audit Head of Integrity Head of Operations Business Unit Head Head of Operating Units Management Executive Committee Procurement Committee Digital Transformation Steering Committee Management Sustainability Committee RESPONSIBLE FOR PROVIDING STEWARDSHIP AND OVERSIGHT OF THE GROUP’S BUSINESS AFFAIRS BOARD Review, deliberate and approve purchase and award of contracts within the limits as authorised in the Limits of Authority and selection of successful tenderer. Board Tender and Procurement Committee (BTPC) Monitor implementation of sustainability-related policies, measures and actions in achieving Group’s sustainability milestones and goals. Sustainability Committee (SC) Review of financial reporting, internal controls, related party transactions/recurrent related party transactions and conflicts of interest, internal audit as well as external audit processes. Audit Committee (AC) Oversee the implementation of the risk management framework and identify, assess and monitor the overall risk exposure in order to safeguard the Group’s interest. Risk Committee (RC) Review candidatures for Board appointment and re-appointment as well as annual assessment of the Board, Board Committees and Directors. Review and oversee administration of remuneration policies and procedures of Directors and Senior Management. Nominating and Remuneration Committee (NRC) Chief Executive Officer (CEO) Management Committee Responsible for the overall business and implementation of Board policies, decisions and powers within delegated limits for all matters except those reserved for the Board or delegated to Board Committees. Boustead Plantations Berhad 100
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