Maxis Berhad | Annual Report 2013

56 Maxis Berhad | Annual Report 2013 (iii) Monitoring Compliance and Reporting The Group has a process for monthly reporting on the status of mandated RRPTs whereby the mandated RRPTs amount will be tracked on a monthly basis to ensure that the actual value of the mandated RRPTs entered into with parties within the same related party group does not exceed the aggregated estimated value of such mandated RRPTs. Where the value of transaction(s) exceed the aggregated estimated value by 10% or more, a disclosure will be made to Bursa Securities. (iv) Disclosures in securities and interests In addition, all disclosures on tradings in shares and securities of the Company by Directors and principal officers are tabled at the Board. Disclosure on the RRPTs for which the Mandate has been obtained together with the breakdown of the aggregate value of the RRPTs which had been conducted during the financial year ended 31 December 2013 is provided on pages 180 to 182 of this Annual Report. 3. Risk Management and Internal Control The Group’s Statement on Risk Management and Internal Control is set out on pages 62 to 66 of this Annual Report. 4. Relationship with Auditors The statement on roles, duties and responsibilities of the AC in relation to both the internal and external auditors is described in the Audit Committee Report as set out on pages 59 to 61 of this Annual Report. VI. TIMELY AND HIGH QUALITY DISCLOSURE The Board has also established and adopted the Corporate Disclosure Policy which inclusive of feedback from management as recommended by the Code and the policies and procedures therein have been formulated with reference to the Best Practices published in the Corporate Disclosure Guide issued by Bursa Malaysia. As recommended by the Code, the Company will seek to leverage on the latest and most innovative information technology available to promote more efficient and effective ways to communicate with both its shareholders and stakeholders. The Company’s Annual Reports, announcements to Bursa Malaysia, media releases, a Corporate Governance section including the Board Charter and Terms of Reference of the AC and NC and presentations relating to its quarterly financial results has been made available on the Company’s website. Various contact details are provided on the Company’s website to address queries from customers, shareholders and other public. A dedicated Intranet has also been provided for ease of communication with employees and serves as a reference point for the employees. VII. RELATIONSHIP WITH SHAREHOLDERS 1. Shareholders and Investor Relations The Board believes that the Group should at all times be transparent and accountable to its shareholders and investors and the Board is proactive in evaluating the effectiveness of information dissemination to Maxis’ shareholders and the wider investing community. Other than through the issuance of its Annual Reports, Maxis has been actively promoting proactive engagements and communications with its shareholders and stakeholders through the following channels: • Release of financial results on a quarterly basis; • Press releases and announcements to Bursa Malaysia and subsequently to the media; and • An online Investor Relations section and online Press Room, the “Maxis Media Centre”, which can be accessed by shareholders and the general public via the Company’s website at www.maxis.com.my . CORPORATE GOVERNANCE Continued