41
ANNUAL REPORT 2015/2016
CORPORATE GOVERNANCE STATEMENT
Whistle-blowing Policy
The Group has in FY2016 reviewed and updated its whistle-blowing policy. The policy provides an
independent feedback channel through which matters of concern regarding improprieties in matters
of financial reporting or other matters may be raised by employees and external parties in confidence.
Upon the receipt of any feedback, independent investigations are carried out by a panel which comprises
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Human Resource, who reports to the ARMC. The salient terms of the policy and the contract details
under the policy may be found on the Company’s website. The policy does not disregard anonymous
complaints and all complaints are investigated in accordance with the terms of the policy.
Adequacy of Internal Controls and Risk Management Systems
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internal controls which includes, (i) the appointment of the ARMC to assist the Board in overseeing
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their assurance:
(a)
that the financial records have been properly maintained and the financial statements give a
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and effective in addressing thematerial risks in theCompany in its current business environment,
including material, financial, operational, compliance and information technology risks.
Based on the internal controls established and maintained by the Group, work performed by internal and
external auditors in accordance with agreed audit plans, and reviews performed by management and
various Board Committees with the assistance of external consultants, the implementation of relevant
procedures and policies with the assistance of relevant technology, the Board, with the concurrence
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operational and compliance risks, which the Group considers relevant and material to its operations.
The Board notes that (i) the system of internal controls and risk management provides reasonable,
but not absolute, assurance that the Group will not be adversely affected by an event that could
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controls and risk management can provide absolute assurance in this regard, or absolute assurance
against the occurrence of material errors, poor judgment in decision-making, human error, losses,
fraud or other irregularities.
