Basic HTML Version
ANNUAL REPORT 2014
29
6. RECOGNISE AND MANAGE RISKS
6.1 Risk Management and Internal Control
The ultimate responsibility for ensuring a sound system of risk management and internal control lies with
the Board. The Group’s system of risk management and internal control is designed to manage rather than
eliminate the risk of failure to achieve the Group’s business objectives as well as to safeguard shareholders’
investments and the Group’s assets.
Details of the Group’s risk management and internal control system are provided in the Statement on Risk
Management and Internal Control set out on pages 32 to 34 of this Annual Report.
6.2 Internal Audit Function
The Company has a dedicated internal audit function which provides an independent and objective assessment
to the Board and management regarding the adequacy, effectiveness and efficiency of risk management,
control and governance processes. Details of the activities of the Internal Audit Function are set out in the
Audit Committee Report of this Annual Report.
7. ENSURE TIMELY AND HIGH QUALITY DISCLOSURE
7.1 Corporate Disclosure Policy
The Company is committed to the promotion of investor confidence by ensuring that material information
concerning the Company are disclosed to the investing public timely and takes reasonable steps to ensure
that those who invest in its securities enjoy equal access to such information.
To safeguard effective dissemination of information, the Company’s internal Corporate Disclosure Policy and
Procedure (CDPP) sets out roles and responsibilities of directors, management, employees and all other relevant
persons in the handling and disclosure of material information to shareholders and market participants. It also
serves to ensure that communications to the investing public about the Company are made in accordance
with the continuous disclosure obligations imposed by the Listing Requirements of Bursa Malaysia Securities
Berhad and other securities law.
Communications with its shareholders, stakeholders and the investing public are made through the annual
general meeting and other general meeting, annual report, quarterly financial reports and various announcements
made via Bursa Malaysia. The Company views briefings with investors, analysts and media as important parts
of a pro-active investors relation strategy. Regular briefings to fund managers, research houses/analysts and
media are held which allow the Management to convey information about the Group’s performance, corporate
strategy and other matters affecting shareholders’ interest.
7.2 Leverage on Information Technology
The Company’s website at www.jayatiasa.net provides easy access to information pertaining to the Company
and activities of the Group and is kept up-to-date. It also stores all other corporate and financial information that
had been made public, such as quarterly announcements of the financial results, annual reports, announcements
and disclosures made pursuant to the disclosure requirements of the Listing Requirements of Bursa Malaysia
Securities Berhad. All presentations to analysts and media are also made available to the public via the website.
To make it easier to obtain news releases and notifications, all shareholders and interested investors may sign
up to the e-mail alert service via the website.
statement on corporate governance (cont’d)