Governance of Sustainability at MGB Sustainability in MGB is driven by a robust and comprehensive sustainability governance structure that enables direct Board and Senior Management oversight on material topics as well as the overall sustainability strategies. The governance structure enables ESG related matters to be brought to the attention of the highest decision-making levels of the organisation. This includes timely reports on the performance and progress of the Group on ESG matters. ESG topics such as environmental monitoring, OSH, climate change, energy and resource consumption and others (that are material to the Group's business and operations) are periodically cascaded to the Board and Senior Management for their review, deliberation and decision making. MGB Berhad Governance Framework Board of Directors Responsible for the long-term success of the Group. It sets strategy and oversees its implementation, ensuring only acceptable risks are taken. It provides leadership and direction and is also responsible for corporate governance and the overall financial performance of the Group. BOARD COMMITTEES Audit Committee Nomination and Remuneration Committee Risk Management Committee Responsible for oversight of the Group's financial and reporting processes, the integrity of the financial statements, the external and internal audit processes, and the systems of internal control and risk management. Responsible for reviewing and recommending to the Board on board composition, board evaluation, executive remuneration policy and recommend the remuneration packages of the Executive Directors. Responsible for oversight of the implementation of the risk management system and to ensure that the risk management process is in place and functioning effectively. Group Managing Director Responsible for implementation of the Board's strategies, day-to-day management of the business and all matters which have not been reserved to the Board or delegated to its Committees. Senior Management Team An executive team that operates under the direction and authority of the Chief Executive Officer who reports periodically to Group Managing Director, Board & Board Committee. It assists the Chief Executive Officer in implementing strategies and policies set by the Board and managing the operational and financial performance of the Group. It also addresses other key business and corporate related matters, including succession planning and organisational development. MANAGEMENT COMMITTEES Sustainability Committee Health, Safety & Environment (HSE) Committee Other Ad-Hoc Committees Risk Management Working Group Responsible for overseeing and addressing sustainability issues relating to all groups of stakeholders. Responsible to establish and implement the Group HSE Management System to achieve the objectives of HSE. Ad-hoc Committees will be formed based on the specific corporate exercise or operation of the Group when the need arises. A working group that is led by the Executive Director & Chief Executive Officer to support Risk Management Committee on risk management task. [...] Board Oversight on Anti-Corruption Driving Anti-Corruption across MGB's Board of Directors have oversight on all anti-bribery and anti-corruption matters. This is achieved via the prior mentioned Sustainability Governance structure where ABC matters are brought to the Board's attention for further deliberation and decision-making. This may be in the form of whistleblowing reports or via informal reports/complaints made by employees or other stakeholders. MGB's zero tolerance stance on corruption is exemplified in its group-wide Anti-Bribery and Corruption ("ABC") Policy, which was formally adopted in FY2020. The ABC Policy can be viewed here: https://mgbgroup.com.my/investor-relations/. The Policy was developed in compliance to Section 17A of the Malaysian Anti-Corruption Commission ("MACC") Act 2009 and the ISO 37001:2016 Anti-Bribery Management System ("ABMS"). The ABC Policy explicitly defines what are constituted as acts of corruption, which are to be avoided and what action is to be taken, especially by staff when such incidents occur. The Policy entails key measures and guided points for the organisation in managing and addressing any risk or circumstances pertaining to bribery and corruption. The Policy works in tandem with the Group's Whistleblowing Policy and mechanism and towards preventing corruption in any forms within the organisation or in dealings with stakeholders, especially with its value chain partners. The ABC Policy is communicated to all suppliers prior to the awarding of contracts or commencement of any business dealing including tender participation. All suppliers are notified of the ABC Policy in writing. Suppliers and subcontractors are required to provide written acknowledgement of complying with MGB's ABC Policy to remain in contention to bid for contracts. As of 31 December 2021, 100% of suppliers have expressed their acknowledgement and commitment to abide by MGB's ABC Policy. [...] Political Views and Contributions MGB is an apolitical privately owned company and hence does not favour or promote the agenda of any political party. Neither is the Group affiliated to any political organisation. The Group has not made any donations to any political parties. However, the Group from time to time may participate in charitable or nation-building events organised by the government of the day or its ministries and agencies. The Group may also support Corporate Social Responsibility ("CSR") events or programmes that could see the involvement of political parties or politicians.