Serba Dinamik Annual Report 2021

Section 7 | Corporate Governance 242 3 Policies & Procedures 4 Audit Standard Operation Policies & Procedures Employees’ Code of Conduct Whistleblower Policy, Anti- Corruption & Anti- Bribery Policy and No-Gift Policy Internal Audit External Audit Certification Audit NO. ELEMENT SEGMENT DELIBERATION The Group has obtained accreditation from local and international bodies for the relevant processes. Policies and procedures are formulated in support of the Group’s internal control framework to ensure compliance with internal controls and relevant laws and regulations. These policies and procedures are subject to periodic review and updated during the year in response to changes in the operational needs, business environment or regulatory requirements and are approved by the Boards, relevant Board Committee or Management Committee. The Employees’ Code of Conduct is accessible to all employees, in which they are required to strictly adhere to, in order to ensure high level of discipline and positive attitude while executing their duties. It is the responsibility of all employees to maintain and practice the Code of Conduct as part of their accountability towards achieving the overall Group’s objectives. Employees are guided by Employees’ Code of Conduct which is accessible to all employees in which they are required to strictly adhere to, in order to ensure high level of discipline and positive attitude while executing their duties. The Group is committed to ensure its business and operations are conducted in ethical, moral and legal manner thus the Group has put in place the Whistle Blower Policy, Anti-Corruption & Anti-Bribery Policy and No Gift Policy. The Policies were approved by the Board to provide an avenue for employees or any external party to report any breach or suspected breach of any law or regulation, including business principles and the Group’s policies and guidelines, in a safe and confidential manner. The policies are accessible in the Group’s website. The responsibilities of the internal audit function is to identify any non- compliance elements of policies, procedures, regulations and standards. Any irregularity or significant finding by the internal audit function is reported to the ARC together with recommendations for corrective measures on timely basis. The Management is responsible to ensure that corrective actions are executed within determined time frame. The External Auditors’ plan which comprises planned audit services (inclusive of other assurance-related services), recurring non-audit services and non-recurring non-audit services is tabled to the ARC for deliberation and approval. Other than financial statutory audit, there was audit on operational & statutory conducted by the government agencies, to ensure fulfilment of licenses conditions. The audit was conducted by the Certification Bodies, on a scheduled- basis, to ensure continuous certification is obtained from local and international bodies. STATEMENT OF RISK MANAGEMENT & INTERNAL CONTROL