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CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

CORPORATE GOVERNANCE OVERVIEW STATEMENT

Nomination and Responsibilities & Duties
Remuneration Committee

Chairman • Review the composition of the Board, the Board Committees, the directorship in Group
• Dato’ Muthanna Abdullah and the Group Top Management
(appointed as Chairman with • Review the processes for nomination and election, appointment, reappointment and
effect from 10 June 2020) re-election
Member • Evaluate the contribution and commitment of Directors
• Datuk Dr Abd Hapiz Abdullah • Review the Board assessment/AGRC term of office and performance
(appointed as Member with • Review succession planning
effect from 10 June 2020) • Review the Remuneration Policy, all remuneration matters and other general remuneration
78 • Dato’ Rosini Abd Samad matters across MSM Group
(appointed as Member with • Review remuneration of the Non-Executive Directors, GCEO and Top Management
effect from 10 June 2020)
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
• Dato’ Amir Hamdan Hj Yusof Details of the NRC Report is set out on pages 99 to 106 of this Annual Report
(appointed as Member with
effect from 12 January 2021)

Investment and Tender Responsibilities & Duties
Committee
Chairman • Ensuring that MSM has in place optimum frameworks, mechanisms, policies and
• Datuk Dr Abd Hapiz Abdullah procedures for effective investment and procurement undertakings and activities
(appointed as Chairman with • Review proposals related to new investments, divestments and procurements of the
effect from 10 June 2020) Group in line with MSM’s prevailing related policies and procedures
Member • To make its recommendations on the abovementioned to the Board
• Choy Khai Choon
• Datuk Lim Thean Shiang The Group’s Investment and Divestment Matters
• Dato’ Haris Fadzilah Hassan • Review and recommend to the Board the Group Investment Policy
(All members were appointed • Review and recommend to the Board, the specific initiatives, projects and potential
with effect from 10 June investments and divestments proposed by Management to achieve the approved Group
2020) Strategic Plan
• Review the Group’s investment portfolio and assess the performance of the Group’s
investments in the context of business and operational performance as well as changing
market environment
• Review emerging risk and opportunities, market outlook (i.e. market study and market
analysis), economic indicators, currency market, industry/regulatory developments
as well as key business developments, which may affect the investment portfolio,
the Group’s investment strategy and the Group’s financial health
• Review and recommend to the Board, any proposed investments and divestments,
including their funding requirements including any proposed acquisition/divestment/
cessation of overseas offices
The Group’s Procurement Matters
• Review the Group Procurement Policies & Procedure (“GPPP”), including its framework
to adopt best and transparent practices in procurement and any changes to the
framework and policies, for subsequent Board approval
• Review and recommend procurement related items as listed in the MSM’s Limit of
Authority (“LoA”) and the GPPP for subsequent Board approval
• Review the efficiency and effectiveness of the Group’s centralised procurement
initiatives