32
GHL Systems Berhad
(293040-D)
RELATIONSHIP WITH THE AUDITORS
Through Audit and Risk Committee, the Group has established transparent and appropriate relationships with
the Group’s auditors, both external and internal. The total fee incurred for non-audit services rendered by the
external auditors during the financial year is disclosed in Note 28 of the Financial Statements section of this
annual report.
The statements on roles, duties and responsibilities of the Audit and Risk Committee in relation to both the internal
and external auditors is described in the Audit and Risk Committee Report as set out on pages 34 to 37 of this
Annual Report.
RISK MANAGEMENT
The Board acknowledges its responsibility for theGroup’s systemof internal controls which covers financial control,
operational and compliance controls as well as risk management. The Board has delegated to the Audit and
Risk Committee the responsibility of reviewing the effectiveness of control procedures and risk management
framework and to report to the Board on all its findings and recommendations for deliberations.
The Statement on Risk Management and Internal Control furnished in pages 38 to 42 of the Annual Report
provides an overview of the state of risk management and internal controls within the Group.
ENSURE TIMELY AND HIGH QUALITY DISCLOSURE
Timely release of announcements on quarterly and annual financial statements, annual report and analyst
presentations reflects the Board’s commitment to provide transparent and up-to-date disclosure to the public.
Leveraging on information technology for effective dissemination of information, the Group maintains a
corporate website,
; which provides a comprehensive avenue for the shareholders and public to
access up-to-date information including our Company’s announcements, financial information, share prices,
and press releases of our Group.
STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS
DIALOGUE BETWEEN THE COMPANY AND INVESTORS
The Company values dialogue with investors and recognises the importance of being transparent and
accountable to its shareholders. Effective communication with shareholders provides a better appreciation
of the Company’s objectives, while also making the Company aware of the expectations and concern of the
shareholders.
As such, the Company adheres strictly to the disclosure requirements under Bursa’s MMLR to announce results of
the Group quarterly via Bursa Link and material transactions and events accordingly. Investor information of the
Company, the Annual Report, financial results, Board Charter and terms of reference of Board Committees can
be accessed on the Company’s website at
.
Mr Fong Seow Kee, the ARC and NRC Chairman, is the Board appointed Senior Independent Non-Executive
Director. He is available to investors who have concerns that cannot be addressed through the Chairman and
CEO.
statement on
corporate governance
