DESTINI Annual Report 2019

GOVERNANCE 05 Poll Voting In line with Paragraph 8.29A of the Listing Requirements, the Company will ensure that any resolution set out in the notice of any general meeting, or in any notice of resolution which may properly be moved and is intended to be moved at any general meeting, is voted by poll. At the same time, the Company will appoint at least one (1) scrutineer to validate the votes cast at the general meeting. Effective Communication and Proactive Engagement The Group maintains its effective communication with shareholders by adopting timely, comprehensive, and continuing disclosures of information to its shareholders as well as the general investing public and adopts the best practices recommended by the MCCG with regards to strengthening engagement and communication with shareholders. To this end, the Group relies on the following channels for effective communication with the shareholders and stakeholders: i) Interim financial reports to provide updates on the Group’s operations and business developments on a quarterly basis; ii) Annual audited financial statements and annual report to provide an overview of the Group’s state of governance, state of affairs, financial performance and cash flows for the relevant financial year; iii) Corporate announcements to Bursa Securities onmaterial developments of the Group, as and when necessary and mandated by the Listing Requirements; and iv) Annual General Meetings. This Statement is made in accordance with the resolution of the Board dated 19 June 2020. STATEMENT ON DIRECTORS’ RESPONSIBILITY IN RESPECT OF THE AUDITED FINANCIAL STATEMENTS The Directors are responsible for the preparation of financial statements for each financial year to give a true and fair view of the state of affairs the Group and the Company at the end of the financial year and of the results and cash flows of the Group and the Company for the financial year. In preparing these financial statements, the Directors have observed the following criteria: i) Overseeing the overall conduct of the Company’s business and that of the Group; ii) Identifying principal risks and ensuring that an appropriate system of internal control exists to manage these risks; iii) Reviewing the adequacy and integrity of Internal Controls System and Management Information System in the Company and within the Group; iv) Adopting suitable accounting policies and apply them consistently; v) Making judgments and estimates that are reasonable and prudent; and vi) Ensuring compliance with application Approved Accounting Standards in Malaysia. The Directors are responsible for ensuring that proper accounting and other records which are closed with reasonable accuracy at any time the financial position of the Group and ensuring that the financial statements comply with the Listing Requirements, the provisions of the Companies Act, 2016 and applicable Approved Accounting Standards in Malaysia. The Directors are also responsible for taking such reasonable steps to safeguard the assets of the Group and to minimise fraud and other irregularities. The Directors are satisfied that in preparing the financial statements of the Group for the financial year ended 31 December 2019, the Group has used the appropriate accounting policies and applied them consistently and supported by reasonable and prudent judgments and estimates. The Directors also consider that all applicable approved accounting standards have been complied with and further confirm that the financial statements have been prepared on a going concern basis. COMPLIANCE STATEMENT Saved as disclosed above, the Board is of all the view that the Group has complied with and shall remain committed to attaining the highest possible standard through the continuous adoption of the principles and best practices set out in MCCG and all other applicable laws, where applicable and appropriate. CORPORATE GOVERNANCE OVERVIEW STATEMENT ANNUAL REPORT 2019 075