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Annual Report 2013
KPJ HEALTHCARE BERHAD
82
BOARD RESPONSIBILITIES
The Board is committed to ensuring the adequacy and integrity of the
Group’s system of internal controls which cover nancial, operational
and compliance controls and risk management. The principal objective
of the internal controls system is to manage business risks effectively,
enhance the value of shareholder’s investments and safeguards all
assets. The Managing Director and Management are to assist in the
design and implementation of the Board’s policies on the internal
control system, identify and evaluate the risks faced by the Group, and
formulate related policies and procedures to manage these risks.
As the internal controls system is designed to manage and reduce risks
rather than eliminate them, the system can provide only reasonable
assurance to Management and the Board of Directors regarding the
achievement of company objectives through:
•
Effectiveness and efficiency of operations;
•
Reliability of financial reporting; and
•
Compliance with applicable laws and regulations.
The Board of Directors of KPJ
Healthcare Berhad (KPJ) is pleased
to provide the following statement
on the state of internal controls
and risk management of the Group
for the nancial year ended 31
December 2013, which has been
prepared in accordance with
Paragraph 15.27(b) of the Listing
Requirements of Bursa Malaysia
and the Statement on Risk
Management & Internal Control –
Guidelines for Directors of Listed
Issuers. The system of internal
controls is designed to manage
the likelihood and consequences
of risks to an acceptable level
within the context of the business
environment throughout the Group.
Continuously
Safeguarding
Our
Operations
Statement on
Internal Control and RiskManagement
(Pursuant to Section 15.27(b) of the Bursa Malaysia Listing Requirements)