107 ANNUAL REPORT 2024 PRINCIPLE B: EFFECTIVE AUDIT AND RISK MANAGEMENT (CONT’D) PART II: RISK MANAGEMENT AND INTERNAL CONTROL FRAMEWORK (CONT’D) 12. Internal Audit Function (Cont’d) To facilitate the internal audit process, the Internal Auditors are granted comprehensive and unrestricted access to all information and resources within the Group. This ensures that they have sufficient information and resources to conduct internal audits seamlessly and effectively. Upon the completion of each internal audit review, the Internal Auditors present their findings to the ARMC, along with root-cause analysis, potential risks and implications, and recommended corrective actions. Follow-up audits are subsequently conducted to ensure that the Management implements the agreed-upon corrective action plans within the stipulated timeframe. Further details on the Group’s internal audit function are provided in the Audit and Risk Management Committee Report and the Statement on Risk Management and Internal Control in this Annual Report. PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS PART I: ENGAGEMENT WITH STAKEHOLDERS 13. Communication between the Company and Stakeholders The Board acknowledges the significance of prompt, transparent, regular and efficient communication with the shareholders and stakeholders and is committed to providing informative, timely, accurate, consistent and fair disclosure of the Group’s business operations and development to the shareholders and the public. To ensure effective communication with stakeholders, the following communication channels are mainly used by the Company to disseminate information on a timely basis: (i) Company’s website; (ii) Company announcements made to Bursa Securities; (iii) Annual Report; (iv) General meetings; (v) Press conferences/ media releases; (vi) Telephone/Facsimile/E-mail/Post; and (vii) Such other means of communication as may be deemed appropriate. General public may also reach out to the Company through the “Contact Us” section on our Company’s website at www.keyfieldoffshore.com/contact-us to send enquiries, suggest improvements or lodge complaints. These communication channels enable the Board to actively engage with stakeholders in an effective, transparent and regular manner for their well-informed investment decisions. While the Company endeavours to provide as much information to the stakeholders on a timely, complete and fair manner, the Board is mindful of the legal and regulations governing the release of material and sensitive information. CORPORATE GOVERNANCE OVERVIEW STATEMENT (cont’d)
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