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260 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

STATEMENT ON

RISK MANAGEMENT AND

INTERNAL CONTROL

INTERNAL CONTROL Integrity Activities

The Group manages its risks by implementing various internal MSM Malaysia Holdings Berhad has undertaken the following
control mechanisms. The mechanisms apply to all subsidiaries key activities to show our commitment to be an ethical and
within the Group. professional organisation, anchored on ethics, integrity and
accountability:
The key elements of our internal control structure are as
follows: • Corruption Risk Management
• MSM Integrity Pledge
Ethics & • Governance, Integrity & Risk Periodic Communication
Integrity
• MSM Anti-Bribery Policy Statement
• Central Depository System
• Establishment of new and revised Policies
Authority & • Establishment of Whistleblowing Channel & Committee
Competency Responsibility • Integrity Compliance Assessment
• Governance and Integrity E-Learning
• Virtual Prodigy Induction
• EXCO Integrity Talk and Pledge
Internal • Vendor Integrity Attestation
Control • Corporate Governance & Risk Management update to
Elements EXCO

Anti-Bribery Policy Statement

MSM is committed to encourage transparent and good
ethical conduct and upholding good image of integrity,
transparency and accountability in all aspects of its business.
The anti-bribery policy statement has been updated and
approved on 4 October 2021 and been uploaded in
th
Monitoring Policies & the web
Procedures
http://www.msmsugar.com/our-company/corporate-
governance
Ethics and Integrity

MSM is committed in applying the highest standards of ethical
conduct and integrity in conducting its business activities
by putting in place adequate Policies & Procedures as the
fundamentals for internal control. It is also aligned with the
Guidelines on Adequate Procedures for Corporate 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: