Business
G Capital : Corporate Governance Report 2024
G Capital : Corporate Governance Report
About this update from G Capital Bhd.
CORPORATE GOVERNANCE REPORT STOCK CODE : 7676 COMPANY NAME : G CAPITAL BERHAD FINANCIAL YEAR : December 31, 2024 OUTLINE: SECTION A - DISCLOSURE ON MALAYSIAN CODE ON CORPORATE GOVERNANCE Disclosures in this section are pursuant to Paragraph 15.25 of Bursa Malaysia Listing Requirements. SECTION B - DISCLOSURES ON CORPORATE GOVERNANCE PRACTICES PERSUANT CORPORATE GOVERNANCE GUIDELINES ISSUED BY BANK NEGARA MALAYSIA Disclosures in this section are pursuant to Appendix 4 (Corporate Governance Disclosures) of the Corporate Governance Guidelines issued by Bank Negara Malaysia. This section is only applicable for financial institutions or any other institutions that are listed on the Exchange that are required to comply with the above Guidelines. 1 SECTION A - DISCLOSURE ON MALAYSIAN CODE ON CORPORATE GOVERNANCE Disclosures in this section are pursuant to Paragraph 15.25 of Bursa Malaysia Listing Requirements. Intended Outcome Every company is headed by a board, which assumes responsibility for the company's leadership and is collectively responsible for meeting the objectives and goals of the company. Practice 1.1 The board should set the company's strategic aims, ensure that the necessary resources are in place for the company to meet its objectives and review management performance. The board should set the company's values and standards, and ensure that its obligations to its shareholders and other stakeholders are understood and met. Application : Applied Explanation on : - The Board is responsible for the oversight and overall effective application of the management of the Company. practice - The Board Charter formalises the duties and responsibilities of the Board, the Board Committees and Management. - The roles and responsibilities of the Board as set out in the Board Charter are clear and distinct from that of the Executive Director. - The Board has oversight on matters delegated to management. - The Board's principal responsibilities include reviewing and adopting strategic plans, overseeing conduct of business, risk management and implementation of internal control procedures. - The Board has delegated specific responsibilities to the following committees:- a) Audit & Risk Committee ("ARC") b) Nomination Committee ("NC") c) Remuneration Committee ("RC") The powers delegated to the committees are set out in the Terms of Reference of each committee...