& I N T E R N A L C O N T R O L
IN ACCORDANCE WITH THE PRINCIPLES SET OUT IN THE MALAYSIAN CODE ON
CORPORATE GOVERNANCE 2012 (“MCCG 2012”), A LISTED COMPANY SHOULD
ESTABLISH A SOUND RISKMANAGEMENT FRAMEWORK AND INTERNAL CONTROL
SYSTEM TO SAFEGUARD SHAREHOLDERS’ INVESTMENTS AND THE COMPANY’S
ASSETS. THE BOARD OF DIRECTORS (“BOARD”) IS PLEASED TO PROVIDE THIS
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL PURSUANT TO
PARAGRAPH 15.26(B) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA
MALAYSIA SECURITIES BERHAD AND AS GUIDED BY THE STATEMENT ON RISK
MANAGEMENT AND INTERNAL CONTROL: GUIDELINES FOR DIRECTORS OF
RESPONSIBILITY OF THE BOARD
The Board acknowledges the importance of maintaining a sound framework in managing risks to safeguard the shareholders’
investments and the Company’s assets as recommended under Principle 6 of the MCCG 2012.
The Board is constantly and actively identifying the Company’s level of risk tolerance, assessing and monitoring the key
business risks. These include updating the internal control systems of the Company.
The Board however, acknowledges that the system of internal control is designed to manage and reduce the risk of not
achieving business objectives and only provide reasonable and not absolute assurance of effectiveness against material
misstatement of management and financial information and records or against financial losses or fraud.