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226 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021
CORPORATE GOVERNANCE
OVERVIEW STATEMENT
• Establishment of MSM Whistleblowing Channel • Vendor Integrity Attestation
(System) & Committee • Corporate Governance & Risk Management update
On 25 May 2021, the Board has approved the to EXCO
establishment of Whistleblowing Channel (System) On-going education programmes:
& Committee in MSM Malaysia Holdings Berhad • Governance & Integrity E-Learning Module
and its group of Companies for implementation.
Previously, MSM adopted FGV whistleblowing • Integrity Talk
reporting channel & committee, being managed by • Whistleblowing Roadshow
FGV Whistleblowing Secretariat.
The channel which allows the reporting individual
to report on alleged unethical behaviour within the Risk Management, Business Continuity
Group was established with the aim to maintain Management and Internal Controls
the highest standard of ethics and legal conduct
within the Group. The Board affirms its overall responsibility for
Further information on the implementation of the Group’s Statement of Risk Management and
the channel & committee can be found in the Internal Control. The AGRC provides an independent
CG Report 2021 and published in the Company’s assessment of the effectiveness of the MSM’s
corporate website at http://www.msmsugar.com/ Enterprise Risk Management (ERM) framework
our-company/corporate-governance. and reports to the Board. Key elements of the
Group’s control environment include Organisation
Structure, AGRC, Group Internal Audit, Code of
Business Practice, Business Continuity Management,
Legal, Company Secretary, Limits of Authority,
Ethic & Integrity
Policies and Procedures, Financial and Operational
Information and Systems and Information Security.
MSM Malaysia Holdings Berhad has undertaken the
following key activities to show our commitment The Group operates within a clearly defined
as being an ethical and professional organisation, organisational structure with established
anchored on ethics, integrity and accountability: responsibilities, authorities and reporting lines to
the Board. The organisational structure has been
• Corruption Risk Management
designed in order to develop, plan, execute, monitor
• MSM Integrity Pledge and control the Group’s objectives effectively and to
• Governance, Integrity & Risk Periodic ensure that internal controls are embedded within
Communication the operations.
• MSM Anti-Bribery Policy Statement Further information on the Group’s risk management
• Central Depository System and internal control framework is made available on
• Establishment of new and revised Policies the Statement on Risk Management and Internal
Control on page 251 of this Annual Integrated Report.
• Establishment of Whistleblowing Channel &
Committee Business Continuity Management
• Integrity Compliance Assessment During normal operation and in response to
• Governance and Integrity E-Learning current pandemic COVID-19, Business Continuity
• Virtual Prodigy Induction Management (BCM) sets a strategies to actively
increase corporate resilience. The objective is
• EXCO Integrity Talk and Pledge
to prevent suspension of operations or services.
