Our Corporate Governance
Fundamental to good business practices is a robust corporate governance framework that upholds the trust of our internal and external stakeholders, maintains effective risk management strategies and prioritises good business conduct. In managing the expectations of our stakeholders and keeping them abreast with our business operations, we maintain a clear line of communication with regard to our corporate performance through Annual General Meetings, Annual and Quarterly financial reports as well as the publication of Board policies on our corporate website.
The Board oversees the overall governance within the Group. To sustain the value creation of Tropicana, the roles and responsibilities of the Board are presented in our Board Charter, supported by the Remuneration Policy for Directors and Senior Management. In ensuring transparency and accountability for our operations, we are guided by the Malaysian Code on Corporate Governance 2021 ("MCCG 2021") and report our performance via the Corporate Governance Report on an annual basis. We also believe in achieving exemplary standards of ethical conduct and professionalism.
We foster this by establishing policies that outline the rules of conduct that apply to all our employees and the wider stakeholder groups throughout their involvement with Tropicana.
Risk Management & Sustainability Performance
A core pillar that upholds the concepts of sustainable development is effective risk management practices that are applied to manage our material sustainability matters. The Enterprise Risk Management ("ERM") framework was adopted into the Group's business model back in 2012 as a step to promote sound corporate governance and assist our Management team in decision-making processes. The framework further provides guidance on how to identify, evaluate, minimise and monitor risks associated with our daily operational activities that may impact our business performance and stakeholder interests in the short-, medium- and long-term.
With the support of our Board of Directors and Risk Management and Sustainability Committee, our Risk Management Department analyses and reports on key risks to the Group's overall performance on a quarterly bases. Overall, we seek to acieve a sustainable balance between taking calculated risks to achieve competitive advantage and managing daily operations to ensure optimal business performance.
Cognisant of the rising interest in ESG considerations by our stakeholders, we continue to work towards integrating social and environmental aspects into our risk reporting strategy in the years to come.