We, in FSBM recognise corporate governance to be instrumental to our business integrity and to maintaining investors' trust in us. As such, it has always been our practice and commitment that the Group is managed responsibly with integrity, accountability and transparency.

The Board of Directors is committed to follow the highest standards of corporate goverrnance throughout the Group as a fundamental part of discharging its responsibilities to protect and enhance the interests of all stakeholders. To this end, we act in support and accordance with the Malaysian Code on Corporate Governance.

In place are specific responsibilities discharged to the Audit Committee, Nomination Committee, Remuneration Committee and Risk Monitoring Committee, governed under its defined terms of reference.

The Audit Committee, in addition to the duties and responsibilities set under its terms of reference, acts as a forum for discussion of internal control issues and contributes to the Board’s review of the effectiveness of the Group’s internal controls.

The Audit Committee, whose membership is made up entirely of independent directors, is required, amongst other things, to review the Company's results and financial statements, review the activity of the internal and external auditors and monitor compliance with statutory and listing requirements. The members, composition and terms of reference of the Audit Committee are laid down at the Report of the Audit Committee.

Members of Audit Committee

• Dato' Jaffar Indot (Independent Non-Executive Director/Chairman)
• Seah Fook Chin (Independent Non-Executive Director/Member)
• Chin Yoke Mooi@Chin Soo Noei (Independent Non-Executive Director/Chairman)