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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

Risk Environment & Moving Forward

Challenges Moving Forward
COVID-19 Pandemic Monitor closely the positive case and keep on improving the COVID-19 Response
Plan and strictly follow the Government Restrictive Orders.
High dependency on imported Monitor constantly global prices for raw materials and obtain industry feedback for a
raw materials favourable pricing on back-to-back basis for domestic sales or forward buying.

Foreign exchange fluctuations on Actively monitor the foreign exchange market to capture the downward trend of
MYR against USD MYR/USD, hence gradually averaging down the cost of buying USD to ease in the 117
Group’s hedging strategies.
Cyber threat on company IT Ensuring business continuity plan is in place to reduce downtime due to cyber-attack.
infrastructure

Excess supply of refined sugar in Continuously improve marketing plan and strategy to penetrate export markets.
the local market
Operational and service reliability Establish consistent maintenance and servicing schedule for refining machinery.
due to machinery failure in the
refineries

INTERNAL CONTROL Ethics and Integrity MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020

The Group manages its risks by implementing various internal MSM is committed in applying the highest standards of
control mechanisms. The mechanisms apply to all subsidiaries ethical conduct and integrity in conducting its business
within the Group. activities by putting in place adequate Policies & Procedures
as the fundamentals for internal control. It is also aligned
The key elements of our internal control structure are as with the Guidelines on Adequate Procedures for Corporate
follows: Liability, which are based on the five guiding principles of
T.R.U.S.T. In tightening up the Group’s internal control,
MSM has developed/enhanced through the following:

Integrity Initiatives
Ethics &
Integrity
Training and Awareness programmes were held for MSM
Employees covered the following:
• Understanding on Corporate Liability (MACC Amendment
Authority & Act Section 17A)
Competency Responsibility
Internal Control • Understanding Guidelines on Adequate Procedures
Elements
• Whistleblowing
• ISO 37001 Anti-Bribery Management System

The objective is to ensure that MSM Employees has an
in-depth knowledge and understanding of the latest and
Policies & current law and its impact on MSM Group.
Monitoring Procedures