Corporate Governance

Governance Structure

To reflect our corporate structure, we have established a two-tier corporate governance system to govern Myanma Awba effectively:

At the Group level, our Board of Directors includes three directors. They benefit from the support of our Advisory Board to ensure an efficient oversight of its responsibilities for the Group. The Advisory Group includes two members.
The Group Board is supported by our Executive Committee, which includes representatives of the main Business Units and Functions of Myanma Awba.

Our distinguished Advisory Board and Executive Committee take the lead in ensuring the Group remains true to its values and beliefs as it serves the farmers of Myanmar.

Board of Directors and Advisory Board Members

Board Responsibilities

Theme	Responsibilities
Board	Set and review Myanma Awba’s values and mission Oversee compliance with legal and regulatory requirements and all policies approved by the Board Assess the effectiveness of the Board Identify and recommend potential Board members for election by shareholders Recommend the Board remuneration policy for shareholder approval Consider stakeholders’ expectations to secure the sustainability of the Group
Strategy	Review, approve and monitor the Group’s strategy Monitor the overall performance of the Group’s progress toward its strategic objectives Decide on critical business matters
Risk & Controls	Approve and oversee the risk management framework and associated policies and procedures Establish and foster a sound control environment Set the risk appetite for the Group Advise the shareholders to appoint, reappoint or remove the External Auditors and Chief Internal Auditor Ensure the integrity of financial statements and sustainability disclosure
Stakeholders	Ensure Myanma Awba conducts its business in a socially and responsible manner, and engage with its most critical stakeholders
People	Review and approve the human resource policies and framework for the Group Develop succession plans Set the remuneration and incentive schemes for the Management team

Board

Set and review Myanma Awba’s values and mission
Oversee compliance with legal and regulatory requirements and all policies approved by the Board
Assess the effectiveness of the Board
Identify and recommend potential Board members for election by shareholders
Recommend the Board remuneration policy for shareholder approval
Consider stakeholders’ expectations to secure the sustainability of the Group

Strategy

Review, approve and monitor the Group’s strategy
Monitor the overall performance of the Group’s progress toward its strategic objectives
Decide on critical business matters

Risk & Controls

Approve and oversee the risk management framework and associated policies and procedures
Establish and foster a sound control environment
Set the risk appetite for the Group
Advise the shareholders to appoint, reappoint or remove the External Auditors and Chief Internal Auditor
Ensure the integrity of financial statements and sustainability disclosure

Stakeholders

Ensure Myanma Awba conducts its business in a socially and responsible manner, and engage with its most critical stakeholders

People

Review and approve the human resource policies and framework for the Group
Develop succession plans
Set the remuneration and incentive schemes for the Management team

The Board benefits from the support of the Advisory Board in fulfilling its duties.

BOD Composition (as of 31 March 2022)

Gender diversity of the Board

Breakdown of directorships by type

Meeting attendance & activities of the Board

Activities of the Board and Advisory Board

In FY 20/21, the Board met 25 times. This high number of meetings reflects the Board’s involvement in the Group’s operation after February 2021. The Board was focused on safeguarding the Group’s sustainability, the security and integrity of its assets, the health and safety of its staff, and the continuity and compliance of its operations. It also reviewed and ensured that Myanma Awba’s mission was still relevant.

In FY 21/22, the Board met six times.

Attendance

The attendance of each Member is summarised in the table below:

Name	Type of Directorship	FY 21/22	FY 20/21
Thadoe Hein	Executive Chairman (Board and Advisory Board)	6/6	25/25
Soe Mar Lar	Non-Executive Director (Board)	6/6	25/25
Soe Min Thant	Executive Director (Board)	6/6	25/25
Raymond Leung	Independent Non-Executive Director (Advisory Board)	6/6	25/25
Rajesh Malhotra	Executive Director (Advisory Board)	6/6	25/25

Executive Committee

Milestones

2014

Exclusive collaboration with renowned tractor manufacturer TAFE to distribute tractors and machinery to our farmers with long-term credit payment schemes.

2014

2012

Creation of Maha Agriculture Microfinance to provide farmers with much-needed financial support.

2012

2010

Establishment of Myanmar’s first compound fertiliser plant with steam granulation technology and privately-owned pesticide and fertiliser laboratory with Gas Chromatography (GS) capabilities.

2010

2008

Became the first company in Myanmar to produce Granulated Insecticide after installing our own granulation plant.

2008

2007

Founding of Myanmar Pesticides Industry, the first and only privately-owned pesticides formulation plant in Myanmar. Implementation of PET bottling in-house for pesticide packaging.

2007

2007

Introduction of Nitrophoska, world-renowned brand complex fertilisers from Fertiva, Germany.

Development of Yangon Citrus farm, the first-ever commercial scale lowland citrus farm in Yangon with sophisticated water management system.

2007

2003

Founding of Ayeyarwaddy Seeds to import and distribute quality hybrid seeds.

2003

2000

Setup of new repackaging plant in Yangon Industrial Zone.

Expansion of research team to 50 agronomists.

Growth of distribution network with over 50 dealers nationwide.

2000

1998

Launch of compound fertilisers.

Achieving landmark US$1m sales for crop protection products

Formation of Research and Development team with 5 agronomists.

1998

If you are passionate about agriculture and believe in its significance in changing lives, join us.

Corporate Governance

Governance Structure

Our distinguished Advisory Board and Executive Committee take the lead in ensuring the Group remains true to its values and beliefs as it serves the farmers of Myanmar.

Board of Directors and Advisory Board Members

Board Responsibilities

BOD Composition (as of 31 March 2022)

Gender diversity of the Board

Breakdown of directorships by type

Meeting attendance & activities of the Board

Activities of the Board and Advisory Board

Attendance

Executive Committee

Milestones

Thadoe Hein

Soe Mar Lar

Soe Min Thant

Raymond Leung

Rajesh Malhotra

Martin Weiss

Yeo Joohua

Thaung Htike

Pyae Zone

Cho Win Hlaing

Soe Than

Than Tint

Yamin Thandar

Nyan Lin

Tin Aung Moe

Maung Maung Khaing

Nyi Nyi Kyaw Lwin Oo

Nandar Myat Oo

Clive Murray

Rupesh Kumar Sinha​

Soe Thiha Zaw

Rupesh Kumar Sinha