DESTINI Annual Report 2019

PERFORMANCE 03 Strategic Direction Destini has not taken its eyes off its strategic goals of increasing its secured income base. For the past few years, Destini has been on a path of finding an equal contribution ratio for its defence and commercial businesses. At the moment, the Group’s defence segment still weighs more that its commercial segment in terms of revenue contribution. However, the Group’s commercial segment has had its footprint expanded geographically into other regions. In saying that, to find an equilibrium, Destini aims to not only find new avenues to increase the performance of its commercial portfolio but also expand its defence services abroad. Destini has adopted several new initiatives to grow its businesses organically within its core segments. This also includes finding synergies between subsidiaries to leverage on each other’s capabilities. In doing so, Destini aims to deliver all its projects efficiently through its existing core capabilities. The Group is also aggressively broadening its client base by staying competitive and relevant in all the industries it has operations in and all the countries it has a foothold in. At Destini, we believe that our workforce are our true assets. When nurtured properly these assets will be able to reward us in multiplies. Therefore, the Group has a continued focus on enhancing its talents and workforce by improving capabilities and continued emphasis on a performance driven culture. This was further fortified with the introduction of new management and new strategies. Risk Mitigation As part of its new strategies moving forward, Destini has implemented various measures in line with its risk management framework and internal controls to mitigate risks from its current and potential prospects. A working management committee was established during the year which consists of the Group’s top management team. The committee is tasked with developing a sound risk management framework and internal control policies to safeguard the interests of its workforce and all stakeholders. The framework is intended to cover all aspects of operations and risks relating to finance, operations and compliance in adherence to international best practices. With an aim to embed a strong culture of corporate governance and sound risk management, the Group is constantly enhancing its compliance and risk management practices in its operations. The Group is also in frequent communication with its employees about the Group’s expectations in compliance and risk management. MANAGEMENT DISCUSSION AND ANALYSIS ANNUAL REPORT 2019 045