This Statement has been prepared in line with the Statement on Risk Management & Internal Control: Guidelines for Directors of Listed Issuers. The Board is committed and acknowledges its responsibility to oversee the system of risk management and internal controls within the Group, including reviewing the adequacy, integrity and effectiveness to safeguard shareholders’ investments and the Group’s assets. BIMB has established a Group Harmonisation Committee that has carried out the initiatives to streamline and strengthen the group governance practices including the risk management and internal controls within the Group. Such initiatives enable BIMB to have an oversight of the subsidiaries within the Group. The Board has received assurance from BIMB’s GCEO and the Group Chief Financial Officer that the Group’s risk management and internal control systems are operating adequately and effectively, in all material aspects, during the financial year under review and up to the date of this Statement. Taking into consideration assurances from the Management and the input from the relevant assurance providers, the Board is of the view that the systems of risk management and internal control are performing satisfactorily and are adequate to safeguard the shareholders’ investments, customers’ interest and the Group’s assets. The Group will continue to implement new measures to strengthen its internal control and risk management environment. INTRODUCTION Pursuant to Paragraph 15.26(b) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (Board) is pleased to provide the following Risk Management and Internal Control Statement (the “Statement”) which outlines the nature and scope of risk management and internal controls of the Group during the financial year ended 31 December 2022. Integrated Report 2022 208 Statement on Risk Management and Internal Control
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