INTRODUCTION

The Board recognises that diversity is a vital to maintaining its competitive advantage in skills and expertise (competencies), experience, gender, age, ethnicity, and independence to ensure balanced and effective decision-making. Consequently, the Board supports initiatives that promote greater diversity across the organisation and in the boardroom, including gender diversity, which continues to be a subject of global discussion.

OBJECTIVES

• The Policy sets out the approach to diversity in the Board composition of the Company.

• The Policy guides the NRC/Board in reviewing the Board's composition or in identifying suitable candidates for new appointment of a Director based on merit and objective criteria, with due consideration of the benefits of all aspects of diversity, including, but not limited to, the following, to enable the Board to discharge its duties and responsibilities effectively:

• Skill, Competencies and Experience;
• Gender;
• Age;
• Ethnicity; and
• Independence.    

SCOPE

The BD Policy shall apply to the KPS Berhad Group Board level.

STATEMENT OF THE BD POLICY

1. The Company recognises and values the advantages of having a diverse Board and considers increasing diversity at the Board level as crucial to maintaining a competitive edge.
2. A truly diverse Board will include and effectively utilise differences in skills, expertise, experience, gender, age, ethnicity, independence, and other distinctions among the Directors. These differences will be considered when determining the optimal composition of the Board and where possible, should be balanced appropriately.

OTHER ASPECTS OF THE BD POLICY