EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 38 CONCLUSION For the financial year ended 31 December 2020 and up to the date of approval of this Statement on Risk Management and Internal Control, the Board is of the opinion that the risk management and internal control system currently in place are adequate and effective to safeguard the Group’s interests and assets. For the coming year, the Board will continually assess the adequacy and effectiveness of the Group’s system of internal control and to strengthen it, as and when necessary. This Statement on Risk Management and Internal Control is made in accordance with a resolution of the Board dated 15 April 2021. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL (CONT’D)