AwanBiru Technology Berhad - Annual Report 2021

Corporate Governance Overview Statement Agenda and matters for discussion are prepared and circulated in advance of each meeting. All proceedings from Board meetings are recorded and the minutes are maintained by the Company Secretaries. The discussed topics and agendas for the meetings held in FY2021 are summarised as follows:- Strategy & Finance Risk & Compliance Governance • Proposed Fund Raising for Rights Issue, Private Placement and Long- Term Incentive Plan • Group Budget for the Financial Year Ended (“ FYE ”) 30 June 2021 • Approval of the unaudited quarterly reports • Reviewed and recommended the payment of Directors’ fees of up to an amount of RM450,000 for the FYE 30 June 2021 • Reviewed and recommended the payment of Directors’ benefits of up to an amount of RM153,000 from 26 November 2020 until the next Annual General Meeting of the Company • Approved the appointment of LTIPC members • Proposed disposal of property • Risk Management Status of business units • Discussed the status of the Company being an affected issuer effective 31 January 2021, pursuant to Paragraph 8.03A of Bursa Securities MMLR • Re-election of Independent Non-Executive Directors and Non-Independent Executive Directors • Discussed the retention of Senior Independent Non-Executive Director, who exceeded the cumulative term limit of nine (9) years pursuant to the MCCG • Approved the disclosures in Annual Report • Approved the appointment of the Company’s Group Financial Controller • Approved the appointment and remuneration package of the Company’s Chief Business Officer • Reviewed the composition of the Board • Annual board evaluation • Review of the Company’s Policies and Terms of Reference • Reviewed and approved the appointment of three (3) new INED • Reviewed the Key Performance Indicators (“ KPI ”) planned for FY2021 for the GCEO and C-Suite level officers • Reviewed and approved the draft Audited Financial Statements for FY2020 • Discussed the re-appointment of Messrs. Crowe Malaysia PLT as Auditors of the Company for the ensuing year Awantec | Transparency Annual Report 2021 82