CORPORATE GOVERNANCE OVERVIEW STATEMENT Ethic & Integrity Risk Management, Business Continuity Management and Internal Controls MSM Malaysia Holdings Berhad has undertaken the following key activities to show our commitment as being an ethical and professional organisation, anchored on ethics, integrity and accountability: • Corruption Risk Management • MSM Integrity Pledge • Governance, Integrity & Risk Periodic Communication • MSM Anti-Bribery Policy Statement • Central Depository System • Establishment of new and revised Policies • Establishment of Whistleblowing Channel & Committee • Integrity Compliance Assessment • Governance and Integrity E-Learning • Virtual Prodigy Induction • EXCO Integrity Talk and Pledge The Board affirms its overall responsibility for the Group’s Statement of Risk Management and Internal Control. The AGRC provides an independent assessment of the effectiveness of the MSM’s Enterprise Risk Management (ERM) framework and reports to the Board. Key elements of the Group’s control environment include Organisation Structure, AGRC, Group Internal Audit, Code of Business Practice, Business Continuity Management, Legal, Company Secretary, Limits of Authority, Policies and Procedures, Financial and Operational Information and Systems and Information Security. The Group operates within a clearly defined organisational structure with established responsibilities, authorities and reporting lines to the Board. The organisational structure has been designed in order to develop, plan, execute, monitor and control the Group’s objectives effectively and to ensure that internal controls are embedded within the operations. Further information on the Group’s risk management and internal control framework is made available on the Statement on Risk Management and Internal Control on page 251 of this Annual Integrated Report. Business Continuity Management During normal operation and in response to current pandemic COVID-19, Business Continuity Management (BCM) sets a strategies to actively increase corporate resilience. The objective is to prevent suspension of operations or services. • Establishment of MSM Whistleblowing Channel (System) & Committee On 25 May 2021, the Board has approved the establishment ofWhistleblowing Channel (System) & Committee in MSM Malaysia Holdings Berhad and its group of Companies for implementation. Previously, MSM adopted FGV whistleblowing reporting channel & committee, being managed by FGV Whistleblowing Secretariat. The channel which allows the reporting individual to report on alleged unethical behaviour within the Group was established with the aim to maintain the highest standard of ethics and legal conduct within the Group. Further information on the implementation of the channel & committee can be found in the CG Report 2021 and published in the Company’s corporate website at http://www.msmsugar.com/ our-company/corporate-governance. • Vendor Integrity Attestation • Corporate Governance & Risk Management update to EXCO On-going education programmes: • Governance & Integrity E-Learning Module • Integrity Talk • Whistleblowing Roadshow WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 226
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