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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

INVESTMENT AND TENDER

COMMITTEE REPORT

The Board is pleased to present the report on Investment and Tender Committee for the
financial year ended 31 December 2020 (FYE 2020).

On 10 June 2020, the Board approved the establishment of Investment and Tender Committee (“ITC” or “the Committee”)
to undertake the responsibilities, amongst others, to review the business plans progress and performance of MSM’s existing
and new significant investments as well as to assist the Board in fulfilling the Board’s statutory and fiduciary responsibilities in
relation to the review of significant procurements in accordance with the limits set out in MSM Group’s Limits of Authority.
107
COMPOSITION

No. of meetings
Members* Type of membership attended
Datuk Dr Abd Hapiz Abdullah Chairman/Independent Non-Executive 3/3
(appointed as Chairman and Member with effect from Director
10 June 2020)
Choy Khai Choon Member/Independent Non-Executive Director 3/3
(appointed as Member with effect from 10 June 2020) MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Datuk Lim Thean Shiang Member/Independent Non-Executive Director 3/3
(appointed as Member with effect from 10 June 2020)

Dato’ Haris Fadzilah Hassan Member/Non-Independent Non-Executive 3/3
(appointed as Member with effect from 10 June 2020) Director

Notes:
* For Members’ profiles see pages 68 to 71
The ITC comprises exclusively of Non-Executive Directors and majority are Independent Directors. The ITC Chairman is an
Independent Non-Executive Director. The Board believes that the current ITC’s composition provides the appropriate balance in
terms of skills, knowledge and experience to promote the interests of all shareholders and to meet the needs of the Group.

ROLES OF THE COMMITTEE

The main responsibilities of the Committee are:
• To ensure that MSM has in place optimum frameworks, mechanisms, policies and procedures for effective investment
and procurement undertakings and activities
• To review proposals related to new investments, divestments and procurements of the Group in line with MSM’s
prevailing related policies and procedures
The full details of the Committee’s Term of Reference is published in the Company’s corporate website at http://www.msmsugar.
com/our-company/corporate-governance.