RISK COMMITTEE REPORT The Risk Committee (RC) was established by the Board, in line with Step Up Practice 10.3 of the Malaysian Code on Corporate Governance (MCCG). The purpose of the formation of the RC is to assist the Board in fulfilling the oversight responsibilities with respect to the risk management processes and internal control systems of Boustead Plantations Berhad (BPlant or the Company and its subsidiaries collectively referred to as the Group) during the year under review. MEMBERS AND MEETINGS During the financial year, the RC membership is in line with the recommendation set out in the MCCG Step Up Practice 10.3 where the RC shall comprise a majority of independent directors. Details of the composition of the RC and attendance of each member at the RC meetings during the year under review are set out below: Name of Director Status of Directorship Date of Appointment Remarks Attendance of Meetings Tan Sri Dato’ Wira Aziah Ali1 Independent Non-Executive Director (Chairman of the Committee) 15 August 2019 - 5/5 Maj. Gen. Dato’ Seri Haji Khairuddin Haji Abu Bakar (R) J.P. Non-Independent Non-Executive Director 15 August 2019 Deceased on 7 February 2024 5/5 (Dr.) Salihin Abang Independent Non-Executive Director 5 August 2022 - 5/5 Mohd Azahar Ibrahim Independent Non-Executive Director 9 December 2022 Resigned w.e.f. 31 January 2023 0/0 Fahmy Ismail Non-Independent Executive Director 13 February 2024 Resigned w.e.f. 15 May 2024 0/0 Note: 1 The RC Chairman’s profile can be viewed on page 79 of this Integrated Report. A total of five meetings were held in 2023 accordingly. The RC meetings were also attended by the Chief Executive Officer and Chief Financial Officer of BPlant by invitation and as and when appropriate. The meetings were appropriately structured with the RC members receiving notices, agendas, and papers sufficiently in advance of the meetings. The RC Chairman reports to the Board on principal matters deliberated at the RC meetings. Integrated Report 2023 115
RkJQdWJsaXNoZXIy NTkwNzg=