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Annual Report 2013
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Continuous practice of Employee’s Performance appraisal on a yearly basis, and to align it with the Group’s Pay and Reward
Scheme.
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The Human Resource & Business Services Department continuously facilitates operational skills and leadership development
and training as well as knowledge enhancement for employees against company’s business requirements, consistent with
the Company’s Mission to be “A Preferred Place of Work” of employees.
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Comprehensive system of timely financial reporting to the Audit Committee and then to the Board of quarterly financial
performance.
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Legal, Corporate and Bursa Malaysia Listing Rules compliance are continuously addressed, monitored and managed via
a single focal point through the Executive Director in charge of Legal and Corporate Affairs, assisted and advised by legal
counsel and Company Secretary as necessary.
Conclusion
The Board confirms that the system of risk management & internal control with the key control processes as listed above are in
place during the financial year and that there is a continuous process for identifying, evaluating and managing significant risks to
assess and enhance the effectiveness of the risk management & internal control system. Overall the Board is satisfied that the risk
management & internal control system is in place for the year under review and up to the date of issuance of the financial statements
and are adequate and effective to safeguard the shareholders’ investment, the interests of customers, regulators, employees and the
Group’s assets.
There were no significant material weaknesses in risk management and internal control resulting in significant losses. Management
will continue to review the adequacy and integrity of the Group’s risk management and internal control system.
This Statement is made in accordance with a resolution of the Board dated 24 February 2014.
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL (CONT’D)