Corporate Governance

UZMA’S directors and management are committed in maintaining good corporate governance by constantly having in place an effective corporate governance framework. This framework is in line with the Malaysian code on Corporate Governance 2017 (the code).

The principles and practices of the code are carried out across the Group to ensure that high standards of transparency, accountability and integrity are attained in managing the Group’s business. The Board believes that having a strong corporate governance framework is the key to enhancing shareholder value and the group’s financial performance sustainably, as well as protecting stakeholders’ interests.

Constitution of the Company

The Constitution of the Company is the fundamental document that outlines the rules, structure, and principles governing Uzma's corporate affairs and operations. It serves as the foundation of our corporate governance, ensuring transparency, accountability, and compliance with regulatory standards. Explore our Constitution to gain a comprehensive understanding of Uzma's corporate framework and commitment to ethical business practices.

Anti Bribery Policy

The establishment of this Anti-Bribery Policy is to set out the Group’s expectations for internal and external parties working with, for, and on behalf of the Group in upholding the Group’s commitment and stance against bribery.

Whistleblowing Policy

This Whistleblowing Policy is established by Board of Directors in view to facilitate the Group in achieving its aim to prevent bribery and uphold the highest level of business ethics in relation to the businesses and operations.

Code of Conduct and Business Ethics

Uzma's Code of Conduct and Business Ethics policy is grounded in a firm commitment to upholding the highest standards of integrity both within the organization and in its dealings with external entities. The foundation of this dedication lies in the company's unified code of corporate values, known as the uzmaWAY, which underpins their approach to sustainability. This comprehensive code serves as the cornerstone of ethical business practices that guide Uzma in its interactions with various stakeholders, including directors, employees, clients, shareholders, and the broader community.

Board Charter

A written policy document that clearly sets out the respective roles, responsibilities and authorities of the Board of Directors

Directors' Fit & Proper Policy

The Directors’ Fit and Proper Policy was established to set out the Group’s approach to the assessment of fitness and propriety of Reasonable Persons to ensure they have the character, experience, integrity, competence and commitment of time to effectively discharge their roles and responsibilities which include diligence, honesty and judgement to perform properly the duties of that position, in tandem with good corporate governance practices.

Audit Committee Term of Reference

The Audit Committee assists the Board in its responsibility for overseeing the quality and integrity of the accounting, auditing and reporting practices of the Company and its compliance with the legal and regulatory requirements.

Nomination and Remuneration Committee Report

The NRC was established with the view of enhancing good-governance and to increase the efficiency and accountability of the Board, ensuring the decision making process are not only independent but are seen to be independent.

Corporate Governance Report 2023

The Objective of the Corporate Governance Report is to fulfil the requirements outlined in paragraph 15.25(2) of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad in providing a clear and forthcoming explanation for departure from Practices in the Corporate Governance Report.