forward. Serving as the bedrock of our operations, it steers us towards enduring growth and prosperity. As we progress, our focus remains on strengthening our governance mechanisms, continuously refining and adapting them to meet the evolving needs of our organisation and the expectations of our stakeholders. By aligning our governance practices with our strategic and operational objectives, we not only bolster the confidence of our investors and partners but also cultivate an environment of accountability and transparency. This dedication to sound corporate governance ensures that we remain committed to delivering long-term, sustainable value for all those we serve. By having a balanced blend of skills, experience, knowledge and independence, the Board is confident in its ability to execute the Group’s strategy effectively. This balance empowers the Non-Executive Directors torigorously challenge Management’s perspectives and proposals while ensuring compliance with the principle of good governance. DIVERSITY The Board remains deeply committed to promoting diversity within the Company’s senior management. It conducts annual reviews 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 &