NOMINATING COMMITTEE (“NC”)
The NC assists the Board of Directors (“Board”) of YTL Corporation Berhad (“YTL Corp” or the “Company”) in discharging its responsibilities by overseeing the selection and assessment of Directors to ensure that the composition of the Board meets the needs of the Company.
The terms of reference of the NC can be found under the “Governance” section on the Company’s website at www.ytl.com.
During the financial year ended 30 June 2026, two (2) meetings were held and the details of attendance are as follows:
| Members of the NC | |
| Choo Yoo Kwan @ Choo Yee Kwan (Chairman) | |
| Raja Noorma Binti Raja Othman | |
| Tang Kin Kheong |
POLICY ON BOARD COMPOSITION
As the Board’s overriding aim is to maintain a strong and effective Board, it seeks to ensure that all appointments are made on merit, taking into account the collective balance of elements such as skills, experience, age, gender, ethnicity, background and perspective. The Board recognises the importance of encouraging and developing female talent at all levels. There are currently four female directors on the Board comprising 33.3% of the Board, exceeding the 30% recommended under the Malaysian Code on Corporate Governance (“Code”). The Board intends to continue its current approach to diversity in all aspects while at the same time seeking Board members of the highest caliber, and with the necessary strength, experience and skills to meet the needs of the Company.
BOARD NOMINATION AND ELECTION PROCESS AND CRITERIA USED
The NC is responsible for considering and making recommendations to the Board, candidates for directorship when the need arises such as to fill a vacancy arising from resignation or retirement or to close any skills, competencies, experience or diversity gap that has been identified or to strengthen Board composition. Candidates may be proposed by the Managing Director or any Director or shareholder and must fulfil the requirements prescribed under the relevant laws and regulations for appointment as director. A candidate’s suitability for appointment will be based primarily on the individual’s merits, fitness and propriety in accordance with the Fit and Proper Policy adopted by the Board, as well as the strategic aim for the appointment.
ACTIVITIES OF THE NC FOR THE FINANCIAL YEAR ENDED 30 JUNE 2026
| i. | Annual evaluation | ||||||||||||||||||
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In May 2026, the annual evaluation of the effectiveness of the Board, Board Committees and individual directors was carried out. The evaluation exercise was facilitated by the Company Secretary and involved the completion of evaluation forms. Besides composition and diversity, Board effectiveness evaluation covered the areas of quality of governance and decision making, including ability in addressing the Company’s material sustainability risk and opportunities, while Board Committees were assessed on their composition, expertise, and whether their functions and responsibilities were effectively discharged in accordance with their respective terms of reference. Individual Directors were evaluated on their fit and properness, caliber, character and integrity, contribution and performance; whether they devote necessary time and commitment, and have shown the will and ability to deliberate constructively, ask the right questions and confidence to stand up for a point of view. The conflict of interest disclosures made by the affected Directors were also reviewed and assessed for any impact on such Directors’ performance, objectivity and effectiveness in the discharge of their fiduciary duties and responsibilities to the Company. With regards to the Independent Directors, their independence was also assessed. Results of the evaluations indicated no evident weaknesses or shortcomings which require mitigating measure. The Board and the Board Committees continue to perform effectively and the Directors demonstrated satisfactory performance and commitment in discharging their responsibilities for the financial year ended 30 June 2026. The NC, with the concurrence of the Board was of the view that the Board is of the right size and has an appropriate mix of skills, experience, perspective, independence and diversity, including gender diversity needed to meet the needs of the Company. |
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| ii. | Review of Directors standing for re-election | ||||||||||||||||||
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In June 2026, based on the schedule of retirement by rotation and in conjunction with the annual evaluation exercise, the NC (save for Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong who abstained from deliberations in respect of their own re-election) evaluated and recommended to the Board that Dato’ Seri Yeoh Seok Hong, Dato’ Sri Yeoh Sock Siong, Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong, who are due to retire by rotation pursuant to Article 86 of the Company’s Constitution at the Forty-Third Annual General Meeting (“AGM”) of the Company, stand for re-election. The NC was satisfied that the executive directors, namely, Dato’ Seri Yeoh Seok Hong and Dato’ Sri Yeoh Sock Siong who have a wealth of experience, knowledge and insights of the business, operations and growth strategies of YTL Corp and subsidiaries (“YTL Corp Group”), performed and contributed effectively as indicated by the performance evaluation results. The NC also considered their fit and properness, in particular their character and integrity, experience and competence, as well as their time and commitment to their roles and responsibilities. As for the Independent Non-Executive Directors, namely, Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong, the NC (save for Mr Choo Yoo Kwan @ Choo Yee Kwan and Mr Tang Kin Kheong who abstained from deliberations in respect of their own re-election) was satisfied that they continue to meet the fit and proper criteria as stated in Fit and Proper Policy and exercise objective and independent judgement in discharging their roles and responsibilities, and fulfil the independence criteria set out in the Bursa Malaysia Securities Berhad Main Market Listing Requirements (“Listing Requirements”). |
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| iii. | Review of the evaluation forms | ||||||||||||||||||
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The NC reviewed the evaluation forms and revisions were made where relevant, subsequently recommending to the Board the adoption of these forms to align with the Company’s practices and remain consistent with the Code and Listing Requirements. |
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| iv. | Review of candidates nominated for appointment as alternate directors to the respective Executive Directors | ||||||||||||||||||
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The NC evaluated and recommended to the Board to consider the appointment of the following persons as alternate directors to the respective Executive Directors:
The NC evaluated the candidates in accordance with the Fit and Proper Policy adopted by the Board, taking into consideration, amongst others, their backgrounds, knowledge, experience, skills, external appointments and the time commitment expected of the role. In assessing the candidates’ suitability for appointment as Alternate Directors, the NC reviewed their profiles, résumé highlights and declarations of fitness and propriety. The NC was satisfied that their collective qualifications and experience offered complementary strengths across law, leadership, investments, infrastructure, technology, strategy, hospitality, creative communications and international exposure, and that they were suitable for the respective roles. The NC further recognised that the proposed appointments formed part of the Company’s succession planning to ensure Board continuity and develop the next generation of Board leadership. The appointments would also provide the Alternate Directors with appropriate exposure to the Board deliberations, decision-making processes and governance responsibilities. |
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| v. | Review of the NC Statement for financial year ended 30 June 2026 | ||||||||||||||||||
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The NC reviewed the NC Statement prior to its recommendation to the Board for inclusion in the 2026 Annual Report. |
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INDUCTION, TRAINING AND DEVELOPMENT OF DIRECTORS
Upon joining the Board, a newly appointed Director will be given an induction pack containing the Company’s annual report, various policies adopted by the Company, terms of references of the Board Committees, Constitution, and schedule of meetings of the Board and Board Committees (if the Director is also a Committee member) which will serve as an initial introduction to the YTL Corp Group as well as an ongoing reference. This is followed by familiarisation visits to the Group’s operational sites and meetings with senior management where practicable and appropriate.
The Board, through the NC, assesses the training needs of its Directors on an ongoing basis by determining areas that would best strengthen their contributions to the Board.
Besides the findings from the annual performance evaluation of Directors, which provide the NC with useful insights into the training needs of the Directors, each Director is requested to identify appropriate training that he/she believes will enhance his/her contribution to the Board.
The Board has taken steps to ensure that its members have access to appropriate continuing education programmes. The Company Secretary facilitates the organisation of in-house development programmes and keeps Directors informed of relevant external training programmes.
During the financial year ended 30 June 2026, the following in-house training programmes were organised for the Directors:
- Navigating ESG Risk in the Trump Era: Challenges and Opportunities;
- YTL LEAD Conference 2025;
- Anti-Bribery & Corruption (ABC) Refresher Course 2025;
- Risk Without Borders: The New Reality of Third Party Exposure.
All the Directors have undergone training programmes during the financial year ended 30 June 2026. The conferences, seminars and training programmes attended by one or more of the Directors covered the following areas:
| Seminars/Conferences/Training | Attended by | |
| 🢒 | Corporate Governance/Compliance/Legal/Sustainability | |
| Navigating ESG Risk in the Trump Era: Challenges and Opportunities | Tan Sri (Sir) Yeoh Sock Ping Dato’ Yeoh Soo Min Dato’ Setia Yeoh Seok Kah Syed Abdullah Bin Syed Abd. Kadir Raja Noorma Binti Raja Othman |
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| Malaysian Institute of Accountants (MIA) Webinar Series: Taxing Matters: A Legal Perspective | Raja Noorma Binti Raja Othman | |
| Institute of Corporate Directors of Malaysia: Mandatory Accreditation Programme Part II: Leading for Impact (LIP) | Dato’ Seri Yeoh Seok Hong Dato’ Setia Yeoh Seok Kah Choo Yoo Kwan @ Choo Yee Kwan |
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| Sectoral Series 2025: Navigating Trade Shocks and Sustainability Transitions | Sharifatu Laila Binti Syed Ali | |
| CEO Action Network: Dialogue on Sustainability and Sustainable Finance with Dr Ma Jun | Choo Yoo Kwan @ Choo Yee Kwan | |
| The Edge Sustainable Construction Symposium 2025: Building Trends Redefined: The Next Level | Dato’ Sri Yeoh Sock Siong Dato’ Yeoh Soo Keng |
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| Malaysian Institute of Management (MIM) Conference: Renewable Power, Digital Growth: Malaysia’s Sustainable Edge | Dato’ Yeoh Soo Min | |
Hong Leong: Online Training Modules
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Raja Noorma Binti Raja Othman | |
| Asia School of Business (“ASB”): “Climate First…or Last?” | Raja Noorma Binti Raja Othman Choo Yoo Kwan @ Choo Yee Kwan |
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| Anti-Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing and Targeted Financial Sanctions: Driving Compliance Through Innovation & Integration | Raja Noorma Binti Raja Othman | |
| The Malaysian Institute of Certified Public Accountants: Knowledge Sharing Session (1) ‘Practical Insights to Scope 1 & 2 Emissions’ | Tang Kin Kheong | |
| Malaysia Carbon Market Forum 2025: Empowering Regional Climate Actions through the ASEAN Common Carbon Framework | Sharifatu Laila Binti Syed Ali | |
| Anti-Bribery and Corruption 2025 Training for Directors | Raja Noorma Binti Raja Othman | |
| Anti-Money Laundering/Counter Financing of Terrorism/Countering Proliferation Financing and Targeted Financial Sanctions (“AML/CFT/CPF & TFS”) and Anti-bribery and Corruption (“ABC”) Training | Sharifatu Laila Binti Syed Ali | |
| Anti-Bribery & Corruption (ABC) Refresher Course 2025 | Dato’ Yeoh Seok Kian Dato’ Setia Yeoh Seok Kah Syed Abdullah Bin Syed Abd. Kadir Choo Yoo Kwan @ Choo Yee Kwan Tang Kin Kheong |
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| The Edge Sustainable Construction Symposium 2026: Towards Sustainable Construction in Singapore | Dato’ Sri Yeoh Sock Siong | |
| Double Materiality Training and Focus Session for Directors | Raja Noorma Binti Raja Othman | |
| The Evolving Financial Crime Landscape – A Look at the Latest Developments in Fraud, Corruption and Money Laundering From Financial Action Task Force to Geopolitical Disruption and Recent Scandals | Sharifatu Laila Binti Syed Ali | |
| Expert Engagement Session by PricewaterhouseCoopers Malaysia on Emerging Trends in Sustainability | Raja Noorma Binti Raja Othman | |
| MIA Webinar Series: Reporting on ESG Performance for Islamic Bank | Raja Noorma Binti Raja Othman | |
| 🢒 | Leadership/Strategy/Finance/Economic Development | |
| Invest ASEAN – Invest Malaysia Conference 2025: Driving ASEAN Integration through Malaysia’s Economic Resilience — Capital, Collaboration, Connections | Sharifatu Laila Binti Syed Ali | |
| International Shariah Research Academy for Islamic Finance: Islamic Finance for Board of Directors | Raja Noorma Binti Raja Othman | |
| Women in Rail Malaysia Conference 2025 | Dato’ Yeoh Soo Min | |
| Origination & Listing Sharing Session: Liquidity in Motion: Perspective from Global and Regional Experts | Sharifatu Laila Binti Syed Ali | |
| Bank Negara Malaysia (BNM): MyFintech Week 2025 | Choo Yoo Kwan @ Choo Yee Kwan | |
| Bursa Malaysia & CGS International Securities Malaysia Sdn Bhd: Invest Shariah Conference 2025: Innovating Islamic Finance: Unlocking Global Investment Potential | Raja Noorma Binti Raja Othman | |
| Islamic Banking and Finance Institute Malaysia (“IBFIM”): Decision-Making Skills for Shariah Committee Members | Raja Noorma Binti Raja Othman | |
| ASB: What It Takes: Southeast Asia | Raja Noorma Binti Raja Othman | |
| Ernst & Young Tax Consultants Sdn Bhd: e-Invoicing for directors | Raja Noorma Binti Raja Othman | |
| Inaugural Investor Forum 2025: Honouring Partnerships, Driving Growth | Choo Yoo Kwan @ Choo Yee Kwan | |
| Economic & Market Outlook for 2025 – 2027 | Sharifatu Laila Binti Syed Ali | |
| FMI Trends, Opportunities and Risks | Sharifatu Laila Binti Syed Ali | |
| RAM Forum 2025: Building Resilience and Future Proofing Amid Shifting Sands | Choo Yoo Kwan @ Choo Yee Kwan | |
| Global Islamic Finance Forum 2025: Bridging Tradition and Tomorrow – Advancing Business, Empowering Communities | Raja Noorma Binti Raja Othman | |
| Asian Institute of Chartered Bankers: From Banking Halls to Boardrooms – Navigating New Horizons in the Age of Transformation | Raja Noorma Binti Raja Othman | |
| The Verdict on Budget 2026: What It Means for Malaysia’s Growth | Raja Noorma Binti Raja Othman | |
| 64th World Federation of Exchanges Annual General Assembly and Annual Meeting 2025 | Sharifatu Laila Binti Syed Ali | |
| IBFIM: Key Macroeconomics Indicators in Islamic Finance | Raja Noorma Binti Raja Othman | |
| ASEAN Business and Investment Summit 2025 | Raja Noorma Binti Raja Othman | |
| Islamic Finance | Choo Yoo Kwan @ Choo Yee Kwan | |
| British Malaysian Chamber of Commerce: Economic Outlook and Post-Budget 2026 | Choo Yoo Kwan @ Choo Yee Kwan | |
| YTL LEAD Conference 2025 | Tan Sri (Sir) Yeoh Sock Ping Dato’ Yeoh Seok Kian Dato’ Yeoh Soo Min Dato’ Seri Yeoh Seok Hong Dato’ Sri Yeoh Sock Siong Dato’ Yeoh Soo Keng Dato’ Setia Yeoh Seok Kah Syed Abdullah Bin Syed Abd Kadir Raja Noorma Binti Raja Othman Tang Kin Kheong Sharifatu Laila Binti Syed Ali |
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| MIA Webinar: Navigating Succession and Workplace Dynamics in Family-Run Businesses | Raja Noorma Binti Raja Othman | |
| Digital Assets: Regulatory, Operational and Product | Sharifatu Laila Binti Syed Ali | |
| Forum Ekonomi Malaysia 2026: Accelerating Growth, Advancing Malaysia | Sharifatu Laila Binti Syed Ali | |
| 37th Palm & Lauric Oils Price Outlook Conference & Exhibition (POC2026) | Sharifatu Laila Binti Syed Ali | |
| Capital Market Masterplan 2026 – 2030: Reshape and Recalibrate | Sharifatu Laila Binti Syed Ali | |
| BNM Annual Dialogue with FIDE Forum Members | Choo Yoo Kwan @ Choo Yee Kwan Sharifatu Laila Binti Syed Ali |
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| MIM Asian Ambassadorial Dialogue – Asia’s Human Capital Alignment: An AI-Powered Agenda for a Transformed Future | Dato’ Yeoh Soo Min | |
| Geopolitical – What Lies Ahead | Sharifatu Laila Binti Syed Ali | |
| The Asian Banker Summit 2026: Imagining the AI Bank | Raja Noorma Binti Raja Othman Choo Yoo Kwan @ Choo Yee Kwan |
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| FIDE Forum: Special Forum on Geopolitical Volatility and Financial Resilience – Navigating Volatility: Energy, Supply Chains and Financial Resilience in a Fragmented Global Order | Raja Noorma Binti Raja Othman Choo Yoo Kwan @ Choo Yee Kwan |
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| Invest Malaysia 2026: From Reform to Execution: Malaysia’s Next Leap | Sharifatu Laila Binti Syed Ali | |
| ASB: Action Learning Summit 2026: The Action Learning Advantage | Dato’ Yeoh Soo Min | |
| 🢒 | Risk Management/Technology/Innovation | |
| Webinar by DBS: Digital Asset Staking: A Thoughtful Approach to Optimizing Risk-adjusted Rewards | Dato’ Yeoh Soo Min | |
| MIA Webinar: Artificial Intelligence 101 | Tang Kin Kheong | |
| Bolstering Cybersecurity & Resilience | Sharifatu Laila Binti Syed Ali | |
| Building an Enterprise AI Strategy | Sharifatu Laila Binti Syed Ali | |
| Khazanah Megatrends Forum 2025: Debugging Uncertainty: Lessons from the Grasshopper and the Ant on Living with Risk | Choo Yoo Kwan @ Choo Yee Kwan Sharifatu Laila Binti Syed Ali |
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| Board Risk Management Training – Cybersecurity Trends | Dato’ Seri Yeoh Seok Hong | |
| Artificial Intelligence | Choo Yoo Kwan @ Choo Yee Kwan | |
| FIDE Forum Workshop on Risk Model Validation: Strengthening a Director’s Role in Validating IRB Credit Risk Models | Choo Yoo Kwan @ Choo Yee Kwan | |
| Recovery Planning | Choo Yoo Kwan @ Choo Yee Kwan | |
| Agentic AI in Risk Management | Raja Noorma Binti Raja Othman | |
| OCBC: Geopolitical Shockwaves – Iran, Oil, Stagflation Risks, and Business Implications for ASEAN | Choo Yoo Kwan @ Choo Yee Kwan | |
| A Joint S&P Global Ratings – RAM Ratings Forum: Pricing risks, seizing opportunities | Choo Yoo Kwan @ Choo Yee Kwan | |
| FIDE Forum: What the Board must now do differently under the 2025 Risk Management in Technology | Sharifatu Laila Binti Syed Ali | |
| Data Management and AI Management | Choo Yoo Kwan @ Choo Yee Kwan | |
| Artificial Intelligence (“AI”) and Agentic AI | Raja Noorma Binti Raja Othman | |
| FIDE Forum: Research Report Launch: From Oversight to Advantage: How Boards can Accelerate AI Adoption in Malaysia’s Financial Institutions | Sharifatu Laila Binti Syed Ali | |
| Risk Without Borders: The New Reality of Third Party Exposure | Tan Sri (Sir) Yeoh Sock Ping Dato’ Yeoh Soo Min Dato’ Seri Yeoh Seok Hong Dato’ Yeoh Soo Keng Dato’ Setia Yeoh Seok Kah Raja Noorma Binti Raja Othman Choo Yoo Kwan @ Choo Yee Kwan Tang Kin Kheong |
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