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S/N Code Guideline Code ID Response(select whichever is applicable)Explanation(if Code guideline is not complied with)8 Is there any governing board member who has served for more than 10 consecutive years?Yes Four MC members had served more than 10 years. The remaining 8 or two thirds of the members of the MC had served less than 10 years. The MC will continue to seek out suitable candidates and who have the passion to serve in the MC e.g. in the areas of Finance, IT, Governance and Investor Rights.9 The charity discloses in its annual report the reasons for retaining the governing board member who has served for more than 10 consecutive years.1.1.13 Complied The Nomination Committee discusses and evaluates the suitability of MC members. They agreed that the President and Founder, together with the three other members who has served more than 10 years, has provided strong leadership.10 There are documented terms of reference for the Board and each of its committees.1.2.1 Complied The MC and committees, including the Audit and Risk, Remuneration and Human Resource, and Nomination committees have their own terms of reference that were approved by the MC.Conflict of Interest11 There are documented procedures for governing board members and staff to declare actual or potential conflictsof interest to the Board at the earliest opportunity.2.1 Complied The Conflict-of-Interest (COI) policy is reproduced in this Annual Report and each MC member and staff is required to declare their conflict of interest in accordance with the COI policy.12 Governing board members do not vote or participate in decision making on matters where they have a conflict of interest.2.4 Complied As per the COI policy, each MC member will have to declare his / her conflict. If there is a conflict, the MC member will not participate in the discussions and decision-making and will not vote.3025TH ANNUAL REPORT | 2023 - 2024