SECTION 2: OUR STRATEGIC CONTEXT 58 GOING FORWARD In upholding our Strict Governance strategy, we will continue reviewing and revising the Group’s ABC Policy, put clear SOPs for all business units in place and engage in internal audits for fair evaluation and risk mitigation. We will further strengthen our Training & Culture Building strategy by ensuring that our employees are competent in understanding due diligence, empower them for ethical supplier monitoring and train them to utilise the whistleblowing platform. To maintain efficient Risk Assessment & Mitigation, we aim to update internal control efforts, adopt strict financial audit tracking and strengthen internal monitoring in potential risk areas. We have established an Enterprise Risk Management framework covering every department, facilitated by the risk & control department. In 2023, 19 or 100% of our operations were assessed for corruptionrelated risks, revealing risks of bribery and corruption between personnel and vendors and unintentional gratification received from third parties. Mitigation measures included emphasising our Delegation & Limits of Authority and ABC Policy during training and orientation, making it mandatory for employees to sign the COCEE, adopting the General Purchasing Policy and establishing a grievance channel for staff. During the year under review, we recorded zero cases of employee grievances, dismissals or business partner terminations due to corruption and no confirmed cases of bribery or corruption. Enterprise Risk Management Exercise in MST Golf SUSTAINABILITY STATEMENT
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