compliance across the Company. Following an evaluation of the Financial Year, the Board collectively affirmed its fulfillment of these responsibilities through the diligent efforts of the BSRC/BAC. Regular meetings were conducted to assess the effectiveness of the Company’s internal control system, ensuring alignment with regulatory standards and best practices. BOARD LEADERSHIP & EFFECTIVENESS Overseeing and evaluating the conduct and performance of the Company’s businesses Material Matters Reserved for the Board Link to Strategy Matters Considered by the Board The President/CEO assumes the crucial role of overseeing the Company’s day-to-day operations and executing Group strategies and policies approved by the Board. This responsibility is facilitated by the dedicated support of various Management Committees. Performance evaluations of Management are conducted, primarily assessing the quarterly Company’s and Group’s financial performance. The Boardreceives regular updates on the advancement of the Company’s strategic initiatives, key operational concerns, and the Group’s performance, all aligned with approved KPIs. Develop Energy Transition Network Deliver Clean Generation Dynamic Energy Solutions Drive Regulatory Evolution Succession Planning Material Matters Reserved for the Board Matters Considered by the Board The Board, assisted by the BNRC, is responsible for developing plans to identify the necessary and desirable competencies and skills of Directors and succession plans to ensure there is appropriate dynamics of skills, experience, expertise and diversity on the Board. In addition, the Board/BNRC also oversees the appointment and succession planning of the T op Management. The selection of candidates and appointment of Independent Non-Executive Director by the Board/BNRC are made with the assistance of independent consultant, whenever necessary. During the Financial Year under review, there were several movement to the Board. This includes the departures of Datuk Rawisandran Narayanan who ceased office