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Statement on Corporate Governance
(Pursuant to Section 15.26 of the Bursa Malaysia Listing Requirements)
No
Name of Workshop
Date
Venue
Name of
Name of
Organizer
Directors
28
Seminar on Regulatory
27 November 2012 Kuala Lumpur
Malaysian Institute
Zainah Mustafa
Updates, Governance and
of Corporate Governance
Current Issues for Directors
of PLCs and Body
Corporate 2012
29
The Malaysian Code on
27 November 2012 Kuala Lumpur
Malaysian Alliance of
Abd Razak Haron
Corporate Governance
Corporate Directors
2012 (MCCG 2012)
30
Forum on Industry Driven
28 November 2012 Kuala Lumpur
Agensi Inovasi Malaysia
Amiruddin Abdul Satar
Innovation Initiative
31
Bursa Malaysia Half Day
3 December 2012
Kuala Lumpur
Bursa Malaysia
Datuk Dr Hussein
Governance Programme
Awang
Datuk Azzat Kamaludin
32
8th World Islamic
4 - 6 December 2012 Johor Bahru
World Islamic Economic
Dato’ Kamaruzzaman
Economic Forum
Forum Foundation and
Abu Kassim
Kerajaan Negeri Johor
Datin Paduka Siti
Sa’diah Sheikh Bakir
Amiruddin Abdul Satar
Ahamad Mohamad
33
Audit Committee Institute
12 December 2012 Kuala Lumpur
KPMG
Zainah Mustafa
Breakfast Roundtable titled
The Audit Committee’s
Oversight Role on Financial
Reporting
5. Uphold Integrity in Financial Reporting
Compliance with Applicable Financial Reporting
Standards
In presenting the annual financial statements and quarterly
announcements to shareholders, the Board aims to present
a balanced and understandable assessment of the Group’s
position and prospects. This also applies to other price-
sensitive public reports and reports to regulators. Timely
release of announcements reflects the Board’s commitment
to provide transparent information on the Group’s
performances and activities.
In preparation of the financial statements, the Directors have
taken the necessary steps to ensure that the Group had
complied with all applicable Financial Reporting Standards,
provisions of the Companies Act 1965 and relevant provision
of laws and regulations in Malaysia and the respective
countries in which the subsidiaries operate, consistently and
that the policies are supported by reasonable and prudent
judgment and estimates.
The Audit Committee assists the Board in ensuring both
annual financial statements and quarterly announcements
are accurate and the preparation is consistent with the
accounting policies adopted by the Group. The quarterly
reports, prior to tabling to the Board for approval, will be
reviewed and approved by the Audit Committee.
The Directors are required by Companies Act 1965 to prepare
financial statements for each financial year which have been
made in accordance with the applicable approved accounting
standards and give a true and fair view of the state of affairs
of the Group and the Company at the end of the financial year
and of the results and cash flows of the Group and Company
for the financial year.
In preparing the financial statements, the Directors have
adopted suitable accounting policies and applied them
consistently, made judgment and estimates that are
reasonable and prudent and prepared financial statements on
the going concern basis as the Directors have a reasonable
expectation, having made enquiries that the Group and
Annual Report
2012
KPJ Healthcare Berhad