Corporate Governance Report
The Corporate Governance Overview Statements with the CG Report set out the manner in which the Company observes the Intended Outcome as prescribed in MCCG. As at 31 December 2022, TM observed the Intended Outcomes of the principles of the MCCG. The Company has adopted all recommended practices in the MCCG save for Practice 8.3 – Step Up on the full disclosure of detail remuneration of each member of senior management on a named basis. The CG Report provides the details how the Company has applied each Practice as well as the departures and alternative measures in place within the Company during the financial year 2022 and demonstrates the commitment of the Board and Management of the Group in applying and embracing the high standards of CG in the organisation.
Directors’ Statement On Risk Management And Internal Control
Under Paragraph 15.26(b) of the Main LR of Bursa Malaysia Securities Berhad (Bursa Securities), the Board of Directors of listed issuers is required to include in their annual report a statement about the state of risk management and internal control of the listed issuer as a group. Accordingly, TM’s Board of Directors (“Board”) is pleased to provide the following statement that has been prepared in accordance with the Statement on Risk Management and Internal Control: Guidelines for Directors of Listed issuers endorsed by Bursa Securities, which outlines the nature and scope of the risk management and internal control within TM Group during the financial year under review.
TM Board and Subsidiaries Remuneration Framework
The policy ensures that our remuneration is market competitive and equitable while aligning with our strategic thrusts and value drivers as well.
Top Senior Management Remuneration Framework
The Policy supports our vision and drives our business strategy to attract and maintain talent. It encompasses terms of employment, reward structure, fringe benefits and pivotal positions.
Guide for Excellence in Corporate Governance
A compilation of the terms of references of our Board and Board Committees, practices, principles and codes as a primary source of reference on our governance policies.
TM Code of Conduct and Business Ethics
This Code provides guidance in resolving any business, legal and ethical issues that one may encounter when conducting business, as well as the standards of behaviour expected of all those in upper management.
The Companies Act 2016
As a public company limited by shares, enclosed is Telekom Malaysia’s Constitution and every statutory modification or re-enactment made since first being in force, including subsidiary legislation too.