effectiveness. Based on the 2023 BEA results, the Board demonstrated solid performance with an overall rating of 4.3 across various effectiveness indicators, including Corporate Strategy & Direction Setting, Board Governance & Oversight, Board Composition, Boardroom Conduct & Dynamics, and Board Management & Operations. Peer assessments further underscored the Directors’ performance with a notable average score of 4.6, indicating that each Director was generally effective in dispensing his/her responsibilities. Building upon the insights from the 2022 BEA, the Board continued to showcase strong and effective leadership in 2023. It was highlighted by both the Board and Management that there was a clear distinction of roles and responsibilities of the Chairman and President/CEO, signalling robust and effective leadership in guiding the Company’s direction. Dato’ Abdul Razak bin Abdul Majid was ratedas a highly effective Chairman demonstrating decisiveness and an action-oriented approach while creating an open and consultative environment within the Board and effectively delegating responsibilities to Directors, Board Committees and Management. The Board was seen to be effective in ensuring the integrity of the Company is aligned with regulatory requirements, internal standards and best practices. The Board was committed to its fiduciary duties and assumed the core responsibilities of reviewing and monitoring the Group’s strategic plan, overseeing and evaluating the conduct of the Group’s business and establishing sound risk management and internal control frameworks for the Group. Moving forward, the Board recognises the need to establish a clear and well-defined succession plan for both the Board and T op Management, ensuring that the composition, structure and diversity is in line with TNB’s strategic direction. Additionally, the Board recognises the necessity of refining processes to enhance the efficiency and effectiveness of both the Board and its Committees, actively seeking opportunities for continuous