FGV Annual Integrated Report 2019

117 ANNUAL INTEGRATED REPORT 2019 04 S E C T I O N STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL HOW WE ARE GOVERNED RECEIVED INTERNATIONALLY RECOGNISED ANTI-BRIBERY MANAGEMENT SYSTEMS (ABMS) CERTIFICATION ISO 37001:2016 HIGHLIGHTS OF THE YEAR Our Statement on Risk Management and Internal Control (SORMIC) is aligned with the guidelines and principles set out in: Highlights of The Year How We Approach Risk Overview of Our Approach • Four Lines of Defence Responsibilities and Accountabilities • Board and Board Committees’ Roles Our Risk Management Framework • Risk Reporting Architecture • Risk Management Process • Group Governance & Risk Management Division • Our Governance and Risk Management Culture Internal Control Structures • Policies & Procedures • Ethics & Integrity • Competency • Information & Monitoring • Authority & Responsibility Review of Risk Management and Internal Control Risk Management Approach for FGV’s Listed Subsidiary Review of Statement by External Auditors Statement by The Board page 118 pages 118-119 pages 119-123 pages 123-125 page 126 page 126 page 126 page 126 INSIDE THIS STATEMENT Malaysian Code on Corporate Governance 2017 (MCCG 2017) Bursa Securities’ Corporate Governance Guide 2017 (Para 15.26(b) of the Bursa Securities Listing Requirements) FGV CORPORATE GOVERNANCE AND BUSINESS INTEGRITY BLUEPRINT ENHANCED INTERNAL CONTROL THROUGH THE LAUNCH OF: 11 15 ROLLED OUT TO 259 SITES CORPORATE CENTRES 1 st PALM OIL COMPANY IN MALAYSIA TO RECEIVE ABMS CERTIFICATION FGV COMPANIES CONTENTS AMONG THE FIRST 40 COMPANIES IN MALAYSIA TO BE ABMS-CERTIFIED LARGE-SCALE IMPLEMENTATION ACROSS THE GROUP ENCOMPASSING OPERATIONS IN PENINSULAR MALAYSIA, SABAH AND SARAWAK FGV’S INTERNAL CONTROL STRENGTHENED THROUGH CORRUPTION RISK MANAGEMENT (CRM) WORKSHOPS THAT ASSESSED CORRUPTION AND FRAUD RISKS, AND ESTABLISHING CRM RISK REGISTERS GROUP-WIDE Material Matter: GE