Statement On Corporate Governance

Extracted from Annual Report 2018

The Board of Directors (“the Board”) of Freight Management Holdings Bhd (“FMHB” or “the Company”) is committed to ensure that the highest standards of corporate governance are observed and practised throughout the Group as a fundamental part of discharging its responsibilities to safeguard sustainable and effective operation of the Company’s business and affairs in maximising shareholders’ value.

This Corporate Governance Overview Statement sets out the principal features of the Company’s corporate governance approach guided by Practice Note 9 of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the new Malaysian Code on Corporate Governance (“MCCG”) which stipulate the three main principles, in particular, Board Leadership and Effectiveness (Principle A), Effective Audit and Risk Management (Principle B) and Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders (Principle C). This statement provides an overview of the Company’s application of these principles and is to be read along with the Corporate Governance Report which is announced to the website of Bursa Securities and published on the Company’s website at www.fmgloballogistics.com.

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