STRATERGIC OVERVIEW Against the backdrop of the challenging external environment, Destini has embarked on a new strategic roadmap that outlines the Group’s goals and key initiatives within its four core business segments for the next few years. The strategic roadmap will include strengthening its core business, enhancing its capabilities and developing new opportunities. As part of these new strategies, Destini went on to restructure and reorganized its assets to better complement its long-term growth strategy. As a sign of its commitment to these strategies divestments and organizational changes has been and will be announced periodically from time-to-time in accordance to Bursa Malaysia’s Listing Requirements. These strategieswere set up to improve theGroups overall operational and financial efficiency while it builds its core competencies within the industries it has a foothold in. Destini also plans to diversify its portfolio in each of the four industries to ensure that it has a wider range of products and services to offer without straying too far from its main businesses in the aviation & defence, energy, land systems and marine industries. STRENGHTENING GOVERNANCE As part of its strategies, Destini is also tightening its internal controls with renewed policies that encourages corporate governance. At Destini, we acknowledge the recent update of the Malaysian Code of Corporate Governance in April 2021 which is aimed at improving governance practices within the local capital market. In line with this, Destini has adopted several policies that would enhance ethical business conduct and a better corporate culture within the Group. Within these past few years Destini has introduced and embarked on strengthening its anti-bribery and corruption policy, whistle-blowing policy and code of conduct and ethics policy. These proactive actions taken is a step the Group has taken to create awareness among its employees on the pitfalls of unethical business conduct and weak internal controls. EXECUTIVE CHAIRMAN AND MANAGEMENT DISCUSSION & ANALYSIS 36 DESTINI BERHAD • ANNUAL REPORT 2021
RkJQdWJsaXNoZXIy NDgzMzc=