The Company shall ensure its continued effective performance and sustained growth through leadership continuity for the benefit of all its stakeholders.
The objectives of the Succession Planning Programme are:
- To identify and nominate suitable candidates for the Board’s approval to fill the vacancies that arise from time to time.
- To identify the competency requirements of critical and key positions, assess potential candidates and develop required competency through planned developments and learning initiatives.
- To identify the key job incumbents in Senior Managerial positions and recommend whether the concerned individual may be granted an extension of term/service, or be replaced with an identified internal or external candidate or there is a need to recruit suitable candidate/s.
- To ensure the systematic and long-term development of individuals in the senior management level as ready replacement when the need arises due to deaths, disabilities, retirements and other unexpected occurrence.
Succession Planning and Remuneration Policy