suitability for Board and Committee roles. This evaluation encompasses a range of factors, including diversity, skillsets, backgrounds, relevant experience and fit and proper assessment, ensuring a well-rounded composition of Board members. In line with our governance framework, the Board may appoint new Directors to fill vacancies or augment the existing Board structure. As per our Company’s Constitution, the Minister of Finance (Incorporated) (MoF Inc.), our Special Shareholder, holds the authority to appoint up to six (6) Directors. Currently, our Board comprises 12 members, including one (1) Executive Director and 11 Non-Executive Directors, with six (6) Independent Directors. These Independent Directors bring unbiased judgment, free from any conflicts of interest, ensuring robust decision-making processes. We continue to refine our Board composition, balancing experience, expertise and innovative perspectives. Several changes haveoccurred within the Board during the reporting period. Prior to the commencement of the 33rd Annual General Meeting on 18 May 2023, Datuk Rawisandran Narayanan expressed his intention, not to seek for re-election as an Independent Non-Executive Director, as per Clause 64(1) of the Company’s Constitution. Consequently, Ordinary Resolution 3 regarding his re-election as a Director was withdrawn at the AGM. In the course of the Financial Year, Muazzam bin Mohamad assumed the role of Non-Independent Non-Executive Director, representing Permodalan Nasional Berhad (PNB), a major shareholder of TNB, effective 1 July 2023. With over 15 years of experience at PNB, Muazzam has spearheaded numerous initiatives in corporate finance, mergers and acquisitions and corporate strategy, emphasising sustainability and governance. His appointment underscores our commitment to responsible investment practices. Shortly thereafter, Datuk Amran Hafiz bin Affifudin resigned as Non-Independent Non-Executive Director, representing Khazanah Nasional Berhad (Khazanah), a major shareholder of TNB, effective 1