FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD HOW WE ARE GOVERNED 106 OUR KEY INTERNAL CONTROL STRUCTURE Our integrated internal control frameworks ensure the necessary checks and balances are in place. Our framework applies to all subsidiaries within the Group except for joint venture companies and associates not managed by us. However, we ensure that our interests and investments are safeguarded by having Board representation(s) and/or nominated appointee(s) in the respective joint ventures and/or associates. The key elements of our internal control structure are as follows: Policies and Procedures Our internal control policies and procedures are clearly defined in formal policy manuals, which include the Company's Code of Conduct and Management Control Standards Manual. Such controls are extended and implemented by our subsidiaries. These policies and procedures are established with reference to International Standards such as inter alia, ISO 9001, ISO 14001, OSHAS 18001, RSPO, HACCP, HALAL. The latest version of ISO 9001:2015 has given greater emphasis in managing risk within its operations. The operational policies and procedures are reviewed periodically to remain effective and relevant to support the Group's business activities at all times as it continues to grow and transform locally and across borders. Both Group and Operational policies also facilitate compliance to regulations, listing and governance requirements. Ethics and Integrity FGV is committed in conducting its business with integrity and in an ethical manner as it has always been fundamental to our internal control. The strong commitment of the Group in upholding integrity is evidenced by: • Code of Business Conduct and Ethics for Employees (COBCE) • External Gift, Entertainment & Hospitality Policy (GEH) • Asset/Personal Interest Declaration Policy (APID) • Whistleblowing Policy and Procedures K E Y I N T E R N A L C O N T R O L ETHICS & INTEGRITY INFORMATION & MONITORING POLICIES & PROCEDURES COMPETENCY AUTHORITY & RESPONSIBILITY STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL