GOVERNANCE Sect ion 04 Annual Report 2022 109 CORPORATE GOVERNANCE OVERV I EW STATEMENT Board skills and Experience Ranhill’s Board of Directors collectively brings in the following skills and experience to the Group:- Leadership Business leadership, public listed company experiences Business & Finance Accounting, audit, business strategy, competitive business analysis, corporate financing, financial literacy, legal, mergers and acquisitions, risk management and tax Sustainability & Stakeholder Management Community relations, corporate governance, environmental issues, government affairs, health and safety, human resources, industrial relations, remuneration Technical Engineering International Oil and Gas Digitalisation and Technology Development of ICT knowledge and skills, including the ability to use new communication and collaboration tools, and industryrelated solutions and to understand how new innovations can be used to enhance the business model and drive value creation Via its NRC, the Board conducts an annual review of its size and composition, to determine if the Board has the right size, sufficient diversity and a strong degree of independence in exercising judgment. The Chairman & CE ensures that the culture in the boardroom promotes open interaction and contributions by all. The number of INEDs on the Board will provide sufficient checks and balances to ensure the Board is objective and independent in its review and decision-making. Given the key roles, responsibilities, and required contributions of the Chairman & CE in the Group, the Board has decided that it is vital to retain him as a GRMC member and invitee to the AC and NRC meetings even if the Company departed from Practice 1.4 of MCCG 2021. The committees will be able to leverage on the Chairman & CE’s expertise and experience and he is be able to provide constructive opinions that are relevant to the business and operations of the Group. The Board ensures the presence of the Chairman & CE in such meetings shall not affect or impair the AC and NRC’s independent and objective functioning. The Chairman & CE to abstain from all deliberations and voting on matters in which he has direct and deemed interested. The Board ensures the disclosures and management of all related party transactions involving the Chairman & CE are appropriately dealt with in accordance with the BMLR including any concerns that might have a conflict for the Chairman & CE to deal with.
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