Diversity Policy

The Board of Directors (Board) of HSG Berhad is mindful of diversity being an important element in maintaining its competitive advantage in the areas of skills & expertise, experience, gender, age, ethnicity and independence to ensure a balanced and effective decision-making process.

This Diversity Policy shall apply to all the directors of HSG Berhad and its subsidiaries (the Group).

The following elements of diversity will be considered by the Nominating Committee and/or Board in determining the optimum composition of the Board:

Skills, experience and expertise

• The current Board Skills Matrix will be used as guidance in identifying potential candidates to meet desired board composition.
• A broad spectrum of skills, experience and expertise is essential to strengthened the Board in meeting the Company’s strategic objectives

Gender diversity

• The Company appreciates the benefits of having gender diversity in the boardroom, which could offer different viewpoints, ideas and market insights, enabling better problem solving to gain a competitive advantage in serving an increasingly diverse customer base than the boardroom dominated by one gender.
• To uphold the gender diversity commitment, the Company has set 30% female representation in the boardroom.

Age diversity

• The Company believes that the directors with diverse age profile will be able to provide a different perspective and bring vibrancy to the Group’s strategy making process.
• The Company does not set any specific target for the boardroom age diversity but will actively work towards having appropriate age diversity on the Board.
• The Company does not fix an age limit for its directors, given that such directors usually are reputed and experienced in the corporate world and could continue to contribute to the Board in steering the Company.

Ethnic diversity

• The Company recognises diverse ethnic cultures in the boardroom will be able to provide better insights in deliberation and decision making of the Board.
• The Company does not set any specific target for ethnic diversity in the boardroom but will actively work towards having appropriate ethnic diversity on the Board.

Independence diversity

• The Company is committed to ensure its Board composition complied with Paragraph 15.02 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, which stipulates that 1/3 of the Board members are independent directors and Practice 5.2 of the Malaysian Code on Corporate Governance which stated that at least half of the Board are independent directors.
• The Company has fixed the tenure of its independent director to 9 years without further extension in line with Step Up Practice 5.4 of the Malaysian Code on Corporate Governance.

The Diversity Policy is subject to periodical review to ensure its relevance and compliance.