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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 255

Principally, in the ERM System, the RISK MANAGEMENT ACTIVITIES
Group’s key risk factors are categorised
as follows: Continuous integration between strategies and risk management was carried out to
ensure risk management approach is embedded into business decision.

Listed below are the key risk management activities undertaken by CGRM to
reinforce the risk management culture within the Group:
Geopolitical
Risk
1 Quarterly Risk Reporting for MSM Group
CGRM published its Quarterly Risk Report as a reporting tool to inform the
Management, Board Committees and Board of the key risks horizon associated
with the Group’s business and operations covering the Top 10 and other key risks.

Market 2 Review of Risk Registers
Risk
Existing risk registers were reviewed jointly with the respective risk owners at
Operation Site via MsTeam approach, to ensure the analysis and corresponding
mitigation measures and action plans were effective and adequately documented.

3 BCM Training (By FGV Holdings)

Financial Business Impact Analysis (BIA) Workshop
Risk

4 Enhancement of ERM System
In April 2021, the ERMS has undergone enhancement for the whole FGV Group.
The training on the enhancement has been conducted.
Categories covered in the ERMS System
Catastrophe • Risk Owner
Risk
• Risk Champion and Head of Operation/CEO level
• Sector Risk Champion and Sector Head level
The migration of the enhanced ERMS has been completed and moved into Go-Live
phase on 4 June 2021.

Strategic 5 BCM Quick Response Assessment (BCM QRA)
Risk
The BCM QRA has been develop to determine the critical function by each Division/
Department.
The assessment has been identified at MSM Holdings Berhad.

6 Corruption Risk Management (CRM) Training

Operational Conducted 4 Sessions CRM training for companies and corporate centres on the
Risk identification of corruption risks and preparation of CRM risk registers.

7 Risk Management Workshop
The Risk Management Workshop was conducted in 3 sessions covering all of MSM
Group.