annual report 2014
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4.
FOSTER COMMITMENT (cont’d)
4.2 Directors Training (Cont’d)
The following are records on the Directors’ participation in additional training programmes during the financial
year:
Name of Director
Title of Training Programme
Wong Yoke Nyen
(1)
Merger & Acquisition: Pricing the Deal, Due Diligence and Alternative to
M&A
(2)
IFRS Masterclass 2014
(3)
Behavioural Corporate Finance on Valuation, Capital Budgeting and
Corporate Decision
(4)
Risk Management and Internal Control: Workshop for Audit Committee
Members
(5)
Understanding Company Law and its Impending Changes and Implications
in Malaysia
(6)
Governance in Action - What Every Director Should Know
Woon Yeow Thong
(1)
Advocacy Sessions on Corporate Disclosure for Directors
(2)
Risk Management and Internal Control for Audit Committee
In addition to above, Mr Ding PengPeng (the Group’s Managing Director/ CEO) is currently enrolled for the
Executive Seminars on Business Administration Programme from Huaqiao University, PRC.
While some of the Directors have not been able to attend a structured training programme during the financial
year due to work commitments, they continued to gain updates through the briefings by the Company Secretary,
Internal and External Auditors during the quarterly meetings, communications with other Directors as well as
the daily work exposures.
All the Directors recognise the importance of continuing professional development and the need for continuous
update and training. The Directors will, on a continuing basis, identify suitable training programmes for
participation to ensure that they are updated and kept abreast with the developments in the economy, changes
in the industry and business environment, new regulatory and financial reporting requirements, essential
practices for effective corporate governance, risk management and internal control.
5.
UPHOLD INTEGRITY IN FINANCIAL REPORTING
5.1 Financial Reporting
The Board is committed to providing a balanced, clear and comprehensive assessment of the Group’s financial
performance, position and prospects in presenting the annual financial statements and quarterly announcements
of results to shareholders.
The Board, assisted by the Audit Committee, takes due care and reasonable steps to ensure that the financial
results are released to the shareholders and the general public on timely manner and the financial statements
are presented with accuracy and adequacy and comply with all relevant regulatory reporting requirements and
financial reporting standards.
5.2 Risk Management and Internal Control
The Board recognises the importance of sound risk management and internal control systems, which are
necessary to safeguard the Group’s assets and shareholders’ investment.
On-going reviews are performed throughout the year to identify, evaluate, monitor and manage significant
risks affecting the business and operations of the Group and ensure that adequate and effective controls
are in place. Such continuous review processes are conducted by the Group’s appointed professional and
independent internal auditors firm, as well as the Risk Management Committee supported by the Company’s
management team. The findings of the internal auditors are regularly reported to the Audit Committee.
Further information and overview of the state of risk management and internal controls within the Group is
disclosed under the “Statement on Risk Management and Internal Control” section of this Annual Report.
Statement on Corporate Governance (Cont’d)
