Page 33 - MSM_AR2020

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

Risk Category Description Mitigation

Market Risk Competitive sales will lead to a i. Engage with government to curb and monitor
Competitive sales reduction in market share and lower the number of sugar import AP issuances
profit margins
ii. Staying responsive to customer feedback and
providing good follow-ups to issues raised.
Regular visits to improve customer relationships
iii. Close monitoring of market demands and
competitors’ activities
31
iv. Ensure reliable supply and convenient delivery
of good quality sugar

Catastrophic Risk The outbreak now constitutes a global i. Forcing governments (local and/or abroad) to take
Pandemic and health emergency that can affect the extreme preventive and mitigating measures on
movement control productivity of an organisation and even a wide scale over a period of months including
orders (MCO) by a country’s economic travel bans
Government
ii. All employees/contractors have to abide to the
Standard Operating Procedures initiated by the
government while working

Catastrophic Risk Industrial accidents and health i. Ensure all employees are aware of matters MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
Health and safety pandemics can lead to lowering of pertaining to hygiene, health epidemics and
of our workers repute, loss of reliability and cleanliness and trained on contamination
contamination of products. Quality is of prevention procedures in order to prevent
paramount importance operational disruptions
ii. Fully comply with Industrial Safety and
environment regulations by reducing our Lost
Time Injury