Risk Management and Internal Control
Paragraph 15.26(b) of the Main Market Listing Requirements of Bursa Malaysia Securities ("Bursa Securities") requires the Board of Directors of a public listed company to include in its annual report a statement about the state of risk management and internal control of the listed issuer as a group. Bursa Securities' Statement on Risk Management and Internal Control (Guidelines for Directors of Listed Issuers) provides guidance for compliance with these requirements. The Malaysian Code on Corporate Governance 2012 issued by the Securities Commission Malaysia requires the Board of Directors to establish a sound risk management framework and Internal Control system. ENRA Group Berhad's ("ENRA") Board of Directors ("Board") is pleased to provide the following statement that is prepared in accordance with the "Statement on Risk Management and Internal Control: Guidelines for Directors of Listed Issuers" endorsed by Bursa Securities which outlines the nature and scope of the Risk Management and Internal Control of ENRA during the financial year under review.
The Board acknowledges the importance of sound internal control and risk management practices to safeguard various stakeholders' interest and to address all key risks, which the Board considers relevant and material to ENRA and its subsidiaries' ("Group") operations. The Board affirms its overall responsibility for the Group's system of internal control and risk management process, which includes the establishment of an appropriate control environment and framework. The Board is also responsible for reviewing the effectiveness, adequacy and integrity of those systems. These systems are designed to manage rather than to eliminate any risk that may impact the Group arising from non-achievement of the Group's policies, goals and objectives. Such system provides reasonable but not absolute assurance against material misstatement or loss.
The Group has in place an on-going process for identifying, evaluating, monitoring and managing the operational and financial controls affecting the achievement of its business objectives throughout the period. The Group Internal Audit Department plays a role in this respect. The process is semi-annually reviewed by the Audit and Risk Management Committee ("ARMC").Read More
ENRA Group Berhad (236800-T)
D2-U3-10, Block D2, Solaris Dutamas, No.1, Jalan Dutamas 1, 50480 Kuala Lumpur, Malaysia
Tel : +603 2300 3555
Fax : +603 2300 3550
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