All of FMI’s subsidiaries run their own day-to-day business activities with a high degree of autonomy. Subsidiaries are managed on a standalone basis and each has its own business functions (such as sales, marketing, purchasing and human resources departments).

FMI has oversight of significant capital allocation decisions of its subsidiaries and is actively involved in selecting the Chief Executive Officer of these companies. FMI‘s Executive Chairman, U Theim Wai @ Serge Pun, is on the Board of Directors of each of its subsidiaries. FMI’s management team is also responsible for corporate and social responsibility, setting the corporate culture, and communicating the appropriate “tone at the top” messages to its employees, including those at its subsidiaries. FMI employed 3,000 persons as at 30 September 2015 on a consolidated basis, 18 of whom are located at FMI‘s corporate headquarters.