Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 24 All the Directors have attended the Mandatory Accreditation Programme (“MAP”). In addition to the MAP prescribed by Bursa Securities, Board members are also encouraged to attend training programmes conducted by highly competent professionals that are relevant to the Company’s operations and businesses. Pursuant to Paragraph 15.08(2) and Appendix 9C (Part A, Paragraph 28) of MMLR, the Directors have attended training programme in areas of the update on the listing requirement changes, the new Companies Act, accounting standard and MAP. The summary of trainings attended by the Directors for the financial year ended 31 December 2016 is as follows:- Name of Director Training Programme Wang Kuen-Chung @ Jeff Wang Amendment to Bursa’s listing requirements – How to rise up to meet those challenges. Gan Teck Ban Amendment to Bursa’s listing requirements – How to rise up to meet those challenges. Eng Shao Hon Amendment to Bursa’s listing requirements – How to rise up to meet those challenges. Aaron Sim Kwee Lein Creative accounting resulting in fraud. Ng Kim Huat The New Companies Act 2016. Lok Choon Hong Fintech payment conference. PRINCIPLE 5 – UPHOLD INTEGRITY IN FINANCIAL REPORTING BY COMPANY Financial Reporting The Board endeavours to present a set of balanced financial statements that provides a true and fair view of the financial position and performance of the Company and of the Group at the end of each financial year. Before presenting the financial statements, the Directors have taken necessary steps to ensure that the Company and the Group apply accounting policies consistently, and that the policies are supported by reasonable and prudent judgment and estimates. Directors’ Responsibilities in Financial Reporting The Board is required under Paragraph 15.26(a) of MMLR to issue a statement explaining their responsibilities in the preparation of the annual financial statements. The Board is responsible to prepare financial statements which reflect a true and fair view of the state of affairs of the Company and the Group and the financial results of the Company and the Group for each financial year. The financial statements are prepared in accordance with the Malaysian Financial Reporting Standards, the International Financial Reporting Standards and the requirements of the Malaysian Companies Act, 1965. In preparing the financial statements, the Board is required to:- • Adopt suitable accounting policies consistently; • Make judgments and estimates that are prudent and reasonable; • Comply with applicable accounting standards; • Prepare financial statements on a going concern basis unless otherwise stated; and • Ensure proper keeping of accounting records with reasonable accuracy. The Board is responsible for ensuring that proper accounting records are kept which disclose, with reasonable accuracy at any time, the financial position of the Company and the Group and to ensure that the financial statements comply with the Companies Act, 1965. statement of Corporate Governance (cont’d)