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140

STATEMENT ON

C O R P O R A T E G O V E R N A N C E

THE BOARD OF UEM EDGENTA BERHAD (“UEM EDGENTA” OR “THE COMPANY”)

IS FULLY COMMITTED TO MAINTAIN THE HIGHEST STANDARDS IN CORPORATE

GOVERNANCE PRACTICES, PROFESSIONALISM AND INTEGRITY IN DRIVING THE

COMPANY TO SAFEGUARD AND ENHANCE SHAREHOLDERS’ VALUE AND

PERFORMANCE OF THE COMPANY AND ITS SUBSIDIARIES (“THE GROUP”).

1. ESTABLISH CLEAR ROLES AND RESPONSIBILITIES

OF THE BOARD AND MANAGEMENT

1.1 Clear Functions of the Board and Management

The ultimate and overall responsibility for corporate

governance, strategic direction, financial and

organisational matters of the Group lies with the

Board. In discharging its roles and responsibilities,

the Board is guided by the Board Charter and the

Discretionary Authority Limits (“DAL”) which outlines

the duties and responsibilities of the Board, as well

as matters that the Board may delegate to the

Board Committees, the Managing Director/Chief

Executive Officer and Management. The Board

Charter and DAL are reviewed from time to time to

ensure it remains relevant to the Company’s

objectives.

The Board meets regularly to perform its principal

responsibilities, which are amongst others, as

follows:-

• Establishing, reviewing and adopting the

strategic plans and direction for the Group.

• Overseeing the conduct of the Group’s business

to evaluate whether the business is being

properly managed.

In reinforcing the importance of corporate governance, the

Board is dedicated in ensuring that good corporate

governance is practised and complied with throughout the

Group within the framework as expounded by the principles

and recommendations promoted by the Malaysian Code on

Corporate Governance 2012 (“MCCG 2012”).

As required under the Main Market Listing Requirements

(“Listing Requirements”) of Bursa Malaysia Securities Berhad

(“Bursa Securities”), this Statement on Corporate Governance

reports on how the Company has applied the principles and

recommendations of good corporate governance during the

financial year under review as set out in the MCCG 2012

issued by the Securities Commission.

The Board will continue to take measures to improve

compliance with principles and recommended best practices

in the ensuing years.