to evaluate recommendations on diversity for these crucial roles. Recognising the continuous need for advancement, this commitment extends beyond the Board level to include the Senior Leadership tier. Presently, the representation of women on the Board stands at five (5) members, constituting 42%, surpassing the 30% benchmark recommended by the MCCG. However, within the broader organisation, women comprise 21% of the workforce. Gender balance varies across roles, geographies, and bands with female representation within our leadership stands at 26%. Although commendable progress has been achieved in different aspects of diversity and inclusion across the Group, ensuring sustainable change requires a resolute, long-term strategy, which remains a key focus for the Company. CREATING VALUE THROUGH STRONG GOVERNANCE Sec 4 147 Key highlights and initiatives for FY2023: BOARD LEADERSHIP & EFFECTIVENESSCode of Business Ethics On 25 August 2023, the Board approved the TNB Code of Business Ethics (COBE), which extends its applicability to all Directors and Employees across all tiers within the organisation. This Code serves as a compass, delineating the expected standards of conduct for all individuals affiliated with TNB, including Business Associates where relevant. Rooted in TNB’s Core Values, Policies, Disciplinary Procedure, as well as regulatory and legislative mandates, these standards form the cornerstone of ethical behaviour within TNB. Accessible on TNB’s official website at www.tnb.com.my, the COBE serves as a guiding framework for all stakeholders. TNB Organisational Anti-Corruption Plan The Organisational Anti-Corruption Plan of TNB received approval from the Board Integrity Committee (BIC) on 7 August 2023. Serving as a foundational document, this plan outlines a comprehensive strategy aimed at mitigating governance challenges and fortifying integrity within the Company. By proactively addressing potential corruption risks and promoting ethical conduct among employees, the plan seeks to uphold TNB’s