ANNUAL REPORT 2025 104 GOVERNANCE KEY ELEMENTS OF THE INTERNAL CONTROL SYSTEMS OF THE GROUP (CONT’D) 3. Management Committees i. Group Management Committee The Group Management Committee comprise of the Executive Directors and Key Senior management within the organisation having administrative or managerial authorities, or have the ability to facilitate or the power to implement plans, actions, rules and procedures or otherwise direct various personnel within the organisation to achieve the overall objectives. The Business Implementation Meetings (“BIM”) are conducted fortnightly or as and when considered necessary by the Executive Chairman/Chief Executive Officer. The BIM meeting provides a forum for the Management to discuss on key concerns and matters encompassing strategic and operational deliberation of key operational progress, risks, issues and challenges encountered in the undertaking of the significant projects as well as status of key resolutions decided upon by the Group. Appropriate action plans to resolve the issues or manage the risks are formulated and continuous updates were obtained in subsequent meetings from the respective parties assigned until satisfactory resolution of the action plans. Subsequently, statistical data and key risks that affect the operational activities are extended by the respective Directors of subsidiaries at their Board of Director meetings, as applicable. The Sales and Marketing Meeting (SAMM) is held also biweekly to review the status of potential business leads and tender participations managed by the business development personnel within their respective portfolios. The meeting is chaired by the Executive Chairman and attended by the Executive Directors and Key Senior Management, who provide strategic guidance and leadership to ensure alignment between current business opportunities and the organization’s overall business strategy. ii. Corporate Disclosure Committee The Corporate Disclosure Committee (“CDC”) is established and responsible to ensure appropriate and timely corporate disclosures to shareholders, stakeholders and investors in accordance with the MMLR of Bursa Malaysia and applicable laws of Malaysia. 4. Organisational Structures The Group has an organisational structure which defined accountabilities and responsibilities and lines of reporting for each division and department established within the Group. The organisational structures provide the basic framework to help the Group’s operations to proceed smoothly and functionally as well as ensuring proper supervision, coordination and a sense of accountabilities among the employees. 5. Discretionary Authority Limits The Discretionary Authority Limits (“DAL”) defines and covers delegation of responsibilities for existing transactions as well as newly identified proposed transactions to the selected and authorised personnel for various aspects of operations in line with the Group’s strategies and risk appetite. The DAL will be reviewed from time to time in terms of suitability, relevance and applicability with business operations and activities. Statement on Risk Management and Internal Control (Cont’d)
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