64 Sustainabi l i ty 03 Sect ion Ranhi ll Ut i l i t i es Berhad SUSTA INAB I L I TY STATEMENT Board of Directors Governance and Risk Management Committee Management Assurance Risk Compliance Committee MARCC Members Group Areas of Monitoring & Reporting • Group Chief Operating Officer (Chairman) • Group Chief Financial Officer • Group Chief Merger & Acquisition Officer • Group Chief Commercial Officer • Head of Group Corporate Assurance (Secretariat) • Head of Group Corporate Communications • Head of Group Human Resources • Head of Group Corporate Secretarial • Head of Group Legal & Compliance • Head of Group Information Technology Health and Safety Risk Management & Compliance Sustainability Governance Oversight The Board and Senior Management of the Group provide oversight of the Ranhill sustainability framework. The inclusion of the Governance and Risk Management Committee (“GRMC”) enables more comprehensive coverage of risks arising from material EES topics. The GRMC is supported by the Management Assurance Risk Compliance Committee (“MARCC”). The MARCC is in turn, supported by Senior Management and Department Heads across the Group’s organisational structure. The Group’s working committee, the Sustainability Working Group (“SWG”) is tasked to develop sustainability programmes and action plans. The SWG is a cross functional working team whose members come from all business divisions and operating companies. SWG members comprise personnel from Ranhill SAJ, RWS, RWT, RPI and RPII, RBSB and RW. Ranhill is cognisant of Bursa Malaysia’s recommendation for listed companies to link Board and Senior Management remuneration to the realisation of ESG goals and targets. The Group continues to explore mechanisms to establish such linkages to ensure a fair and equitable approach that will also enable the effective realisation of the Group’s ESG goals. At several of the Group’s subsidiaries, remuneration of Senior Management has been linked to the level of regulatory compliance achieved against the industry regulators’ KPI which include environmental and social performance considerations. In addition, starting from the Q4 of FY2022, the Group's Sustainability Agenda is to be shared on a regular basis with the Audit Committee Members. Good governance within Ranhill is further reinforced through the Group’s Code Of Conduct And Business Ethics (“CCBE”). The CCBE was developed in accordance to local legislation to ensure consistency with the laws of the country. This includes Section 17A of the MACC Act 2018. The CCBE can be viewed here: https://ranhill.com.my/sustainability/ sustainability-policies/. SUSTAINABILITY GOVERNANCE STRUCTURE
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