the Board. • Bi-Annual Reporting to the Malaysian Anti-Corruption Commission • Review of BIC TOR • Training and Communication Plan (TCP) and its Quarterly Updates • Approval on Appointment of Designated Officers receiving complaints for whistleblowing • Role of Integrity Department in Supporting the TNB Sustainability Journey • Endorsement of the Updated Clauses in New COBE and COBE Final Draft for Approval • Approval on TNB Organisational Anti-Corruption Plan (OACP) • Establishment of Approving Authority for TNB Integrity Governance Documents BIC • Approval on Granting and Vesting of LTIP Shares BL TIP • Approval of Procurement within its Approving Authority • Procurement Plan and Strategy • Procurement Issues • Procurement Policies and Procedures BTC • Summaries of the activities of BAC, BNRC and BSRC are available in their respectivereports in this Integrated Annual Report BAC BNRC BSRC • Potential Proposals of Local and International Investment with focus on Renewable Energy • TNB Hurdle Rate Monitoring Update • 2023 Review of TNB Risk Adjusted Rate of Return for Future Investments • Reviewed/Evaluated Investments in Subsidiaries and Associated Companies and Made Appropriate Proposals for any New Investments/Divestments • Proposed capital structure and financing of TNB’s wholly-owned subsidiaries • Proposals for Voluntary Winding up of relevant subsidiaries • Investment Executive Committee (IEC) Report • Alignment of Risk Adjusted Rate of Return and Accounting Rate • TNB Post Investment Review (PIR) Assessment of Commercialised Investments FIC TENAGA NASIONAL BERHAD Integrated Annual Report 2023 152 Identifying and managing principal risks affecting the Company Material Matters Reserved for the Board Link to Strategy Matters Considered by the Board The Board, through the BSRC, holds the mandate to oversee the strength of the Group’s sustainability and risk management frameworks and the efficacy of their implementation to realise strategic objectives and sustainability commitments. Throughout the Financial