The Company has maintained a high-level risks register
which is reviewed and updated on quarterly basis
where the focus areas of the risks are updated and
deliberated at the Audit Committee meetings. The
Risk Management Committee ensures continuous
review of the Group’s key risks and monitors the
progress of mitigation action plans on a quarterly
basis.
Internal audit function
The Group has an internal audit function that is
independent of the Company activities and operations.
The Head of Internal Audit reports directly to the Audit
Committee who reviews and approves the internal
audit department’s annual audit plan, financial budget
and human resource requirements to ensure that the
department is adequately resourced with competent
and proficient internal auditors.
Further details of the activities of the internal audit
function are set out in the Statement of Risk
Management and Internal Control of this annual report.
TIMELY DISCLOSURE AND INVESTOR
RELATIONSHIP
The Company is fully committed to maintain a high
standard for the dissemination of relevant and material
information on the development of the Group. The
Company also places strong emphasis on the
importance of timely and equitable dissemination of
information to shareholders. The Company uses a
number of formal channels for effective dissemination
of information to the shareholders and stakeholders
particularly through the annual report, announcements
to Bursa Malaysia, media releases, quarterly results,
analyst briefings, company websites and investor
relations.
The annual report has comprehensive information
pertaining to the Company, while various disclosures
on quarterly and annual results provide investors with
financial information. Material information will be
disseminated broadly and publicly via Bursa Malaysia.
Interested parties may also obtain the full financial
results and the Company’s announcements from the
Group’s website at
.
com.my.
The Group’s investor relation activities are aimed at
developing and maintaining a positive relationship
with all the stakeholders through active two-way
communication, and to promote and demonstrate a
high standard of integrity and transparency through
timely, accurate and full disclosure and to enhance the
stakeholders’ understanding of the Group, its core
businesses and operations, thereby enabling investors
to make informed decisions in valuing the Company’s
shares.
EFFECTIVE COMMUNICATION AND
ENGAGEMENT WITH SHAREHOLDERS
The Board believes that the Group should at all times
be transparent and accountable to the shareholders
and stakeholders and is continuously evaluating the
effectiveness of information dissemination to the
shareholders and the investing public.
The Company is of the view that the Annual General
Meeting and other general meetings are important
opportunities for meeting investors and addressing
their concerns. The Board, Senior Management and
external auditors attend all such meetings. Registered
shareholders are invited to attend and participate
actively in such meetings, including clarifying and
questioning the Group’s strategic direction, business
operations, performance and proposed resolutions.
Each shareholder can vote in person or by appointing
a proxy to attend and vote on his/her behalf. Separate
issues are tabled in separate resolutions at general
meetings, voting is carried out systematically and
resolutions are properly recorded.
This statement ismade inaccordancewitha resolution
of the Board of Directors dated 25 February 2016.
an n ual repo rt 2015
4 9
