Competency MSM views its employees as invaluable assets. The Group is committed to its employees and professional development at all levels. In achieving the next level of productivity, excellent service, and performance, MSM has developed SWIIT Values (S for Sense of belonging, W for winning attitude, I for Integrity, I for Innovation and T for Teamwork) which bring meaningful purpose, practical strategies and goals together to make the organisation aspirations more credible and achievable. In 2021, the Group has developed a qualifying and accredited competency programme which focus in building a competent workforce in particular food safety, international standard certification and professional finance accreditation as part of the learning roadmap. This is a key focus towards strong, sustainable and balanced growth. The programmes are holistic in nature, aiming to enhance both professional and behavioural competencies by incorporating elements such as integrity, governance as well as the Group’s core values. INTERNAL AUDIT FUNCTION The Board acknowledges the importance of the internal audit function. The Internal Audit Function is to provide internal audit services to assist the Audit, Governance and Risk Committee (AGRC) and Board in reviewing the effectiveness, adequacy and integrity of the Group’s systems of internal control in managing risks. REVIEW OF STATEMENT BY EXTERNAL AUDITORS The External Auditors have reviewed this Statement of Risk Management and Internal Control as per Paragraph 15.23 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements. Their limited assurance review was performed in accordance with Audit and Assurance Practice Guideline (APPG) 3 issues issued by Malaysian Institute of Accountants. AAPG3 does not require external auditors to form an opinion on the adequacy and effectiveness of the risk management and internal control systems of the Group. STATEMENT BYTHE BOARD Based on the processes and measures undertaken by the Board and its Committees during the financial year and assurance provided by the Group Chief Executive Officer and Chief Financial Officer, the Board is of the view that the risk management framework and internal control system as described in this Statement is sound and effective to safeguard the shareholders’ investment and MSM Group’s assets. This Statement is made in accordance to the resolution of the Board dated 21 March 2022. More details on Internal Audit activities covered in page 234 SUSTAINABILITY JOURNEY HOWWE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 263
RkJQdWJsaXNoZXIy NDgzMzc=