CORPORATE GOVERNANCE OVERVIEW STATEMENT PRINCIPLEB: EFFECTIVEAUDITANDRISKMANAGEMENT (CONT’D) Internal Audit and Assurance The Board has established an Internal Audit Function to provide assurance on the effectiveness of risk, control and governance processes. Oversight of the Internal Audit Function is delegated to the BARC to ensure that there are sufficient resources and internal audits are carried out objectively, effectively and independently. The Internal Audit Function is outsourced to a team of competent and qualified auditors at Crowe Governance Sdn Bhd, who reports directly to the BARC. The Internal Auditors attended all meetings of the BARC during the financial year. The BARC’s reviewed the scope of work and reports by the Internal Auditors and the detailed description of the Internal Audit Function are provided in the BARC Report on pages 113 and 114 of this Annual Report. The Internal Audit Functiondischarges its duties inaccordancewith internationally recognised framework and guidelines as described on page 124 in the Statement on Risk Management and Internal Control and page 113 in the BARC Report of this Annual Report, respectively. PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS Communication with Stakeholders The Board believes in providing prompt and accurate disclosure of material information to unitholders. TheBoardbelieves that regular engagementswill enhance stakeholders’ understanding and appreciation of the Fund’s business strategies, financial performance, current initiatives and prospects of the business. Effective, transparent and regular communicationwith stakeholders are in linewith disclosure obligations as per the MMLR. Stakeholders Engagement and initiatives Investment Community (Unitholders, Analysts, Fund Managers) • Statutory announcement • Annual General Meeting • Roadshow • Investors and analysts briefing • Corporate website • Social media Media • Media interview • Media release • Corporate website • Social media Government, local authorities and regulators • Engagement meeting • Consultation paper • Engagement through MRMA • Maintain rapport with local authorities Tenants and lessees • Periodic meeting • Survey and feedback • Rental support programme • Marketing support and promotional activities GOVERNANCE STRUCTURE 107 STRATEGIC PERFORMANCE FINANCIAL REPORTS CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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