Fraser & Neave Holdings Bhd Annual Report 2021

Chairman’s Introduction to Corporate Governance DEAR SHAREHOLDERS, On behalf of the Board of Directors, I am pleased to present the Fraser & Neave Holdings Bhd (F&NHB) Corporate Governance Overview Statement for the financial year 2021. This Statement gives an insightful overview into the activities of the Board and its Committees throughout the year and how the Board provides e!ective stewardship to F&NHB to ensure it achieves its strategic priorities. We have set out details of our work as testament to our commitment to deliver sustainable value to all our stakeholders. In determining the Company’s strategic priorities, we embrace principles of good governance and instil a sense of responsibility in our corporate culture, focusing on accountability, integrity and ethics to drive responsible growth. The Board believes that the highest standards of corporate governance are critical for delivering consistent performance, creating long-term economic and sustainable value as well as growth for all stakeholders. In a year marked by challenges of the COVID-19 pandemic that continued to have a profound e!ect on how companies around the world had adapted their operations, good governance, consistent engagement and collaboration with stakeholders have never been more important. During the year under review, the Board’s oversight role was focused on continuing to build a resilient organisation. The Board continued to monitor closely the development of the pandemic, its impact on the Company’s business operations, Management’s response and its follow through of the initiatives taken, whilst constantly fostering a safe working environment for employees. In the year ahead, the Board will continue to play a significant role through calculated interventions that will positively influence our resilience and agility in a changed world. Today, as economies rebuild and the world transitions to the new normal, I am confident that we are ready to meet the demands of a significantly changed world and forge ahead even stronger, towards a sustainable tomorrow. I am especially pleased to report that our e!orts to build trust with stakeholders through transparent, quality, and relevant disclosures includes benchmarking our practices with FTSE4Good Bursa Malaysia and S&P Corporate Sustainability Assessment and that we are also performing at the top 15% among our industry for both. I am pleased to report that F&NHB has applied and complied with the relevant provisions of the Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Malaysia), the Companies Act 2016, the Corporate Governance Guide – 3 rd Edition issued by Bursa Malaysia, in addition to benchmarking our practices against the ASEAN Corporate Governance Scorecard. Additionally, the Company has applied and complied with almost all the Practices enumerated in our Corporate Governance Report which is accessible to the public on the Company’s corporate website at www.fn.com.my. Y.A.M. TENGKU SYARIF BENDAHARA PERLIS SYED BADARUDIN JAMALULLAIL IBNI ALMARHUM TUANKU SYED PUTRA JAMALULLAIL Chairman 122