ENRA Group Berhad Annual Report 2019

53 ENRA GROUP BERHAD ∞ Annual Report 2019 page GROUP VENDOR CODE OF CONDUCT There is a Group Vendor Code of Conduct, which sets standards of business practice that generally applies to all vendors of the Group. The areas of coverage in the Vendor Code of Conduct are Professional Conduct and Business Ethics, Compliance with Laws, Rules and Regulations, Human Rights and Labor, Anti-Corruption/ Anti Competition, Conflict of Interest, Health Safety and Environment, Confidentiality and maintenance of Documentations and Records. All vendors need to acknowledge the Vendor Code of Conduct. Acknowledgement of the Code is a pre-requisite in all of ENRA Group’s contracts for supply. Through the acceptance of a purchase order, letter of award, contract or agreement or performance of any obligation to and agreed by ENRA Group, Vendors shall commit and are deemed to have committed themselves to complying with the Code. WHISTLEBLOWING POLICY A whistleblowing policy is established to provide appropriate communication and feedback channels which facilitate whistleblowing in a transparent and confidential manner to enable employees and stakeholders and where applicable members of the public to raise genuine concerns about possible improprieties, improper conduct or other malpractices within the Group in an appropriate way. REVIEWOF THIS STATEMENT BY EXTERNAL AUDITORS The external auditors have performed limited assurance procedures on this Statement of Risk Management and Internal Control pursuant to the scope set out in Audit and Assurance Practice Guide (AAPG 3), Guidance for Auditors on Engagement and Internal Control included in theAnnual Report issued by the Malaysian Institute of Accountants for inclusion in the Annual Report of the Group for the financial year ended 31 March 2019, and reported to the Board that nothing has come to their attention that caused them to believe the statement intended to be included in the Annual Report is not prepared in all material respects, in accordance with the disclosures required by paragraph 41 and 42 of the said Guidelines nor is the Statement of Risk Management and Internal Control factually inaccurate. BOARD ASSURANCE For the financial year under review, the Board is satisfied and is of the view that the risk management and internal control systems in place for the year under review and up to the date of issuance of the financial statements is adequate and effective and there are nomaterial losses resulting from significant weaknesses that require separate disclosure in the Annual Report. The Board has also received assurances from the Executive Directors, President & Group Chief Executive Officer and the Company’s Chief Financial Officer that to the best of their knowledge, the Group’s risk management and internal control systems are operating adequately and effectively, in all material aspects, based on the risk management and internal control systems of the Group. Nevertheless, the Board together with the Management of the Group is continuously taking measures to improve the policies and processes to further strengthen the key elements of risk management and internal control systems. This Statement on Risk Management and Internal Control is made in accordance with a resolution of the Board of Directors duly passed on 25 June 2019. Statement on Risk Management and Internal Control