Annual Report 2019

A Management level risk committee (“MRC”) was established in 2019 to increase participation by Senior Management in risk management processes. The MRC is tasked to review key risks of AAGB prior to submission to the RMC every quarter. Based on the performance evaluation of the RMC for the Financial Year, the Board is satisfied that the Chairman and members of the RMC have discharged their responsibilities effectively. The Statement on Risk Management and Internal Control is set out on pages 195 to 200 of the Annual Report 2019. Principle C: Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders 1. Effective Communication with Shareholders and Investors AAGB is committed to communicating openly, regularly and effectively with shareholders and investors through platforms such as the corporate section of its website, the Annual Report, Financial Announcements and Key Operating Statistics and Announcements through Bursa Malaysia and AGMs. The Investor Relations page of its website is updated regularly to provide stakeholders with all relevant information on AAGB to enable them to make informed decisions. AAGB has a dedicated Investor Relations team which supports the Senior Management in their active participation in investor relation activities, including road shows, conferences and quarterly investor briefings locally and globally with financial analysts, institutional investors and fund managers. AAGB continues to fulfil its disclosure obligations as per Bursa Malaysia’s Corporate Governance Guidelines. All disclosures of material corporate information are disseminated in an accurate, clear and timely manner via Bursa Malaysia announcements. 2. AGM Given the size and geographical diversity of the Group’s shareholders, the AGM is another important forum for interaction with this group of stakeholders. All shareholders will be notified of the meeting and provided with a copy of the Annual Report at least 28 days before the meeting. At the 2nd AGM of AAGB held on 27 June 2019, all members of the Board save for one member who had an urgent overseas assignment, were present to respond to questions raised by the shareholders or proxies. The voting process at the 1 st and 2 nd AGMs was conducted through an electronic poll voting system and scrutinised by an independent scrutineer. AAGB will continue to leverage technology to enhance the quality of its shareholder engagement and facilitate further participation by shareholders at AAGB’s AGMs. This Corporate Governance Overview Statement was approved by the Board of Directors of AAGB on 29 April 2020. CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONT’D.) 190 MORE THAN JUST AN AIRLINE >