FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 151 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL INTERNAL CONTROL FRAMEWORK Our integrated internal control framework provides reasonable assurance to support the achievement of our strategic objectives. The framework is applicable to the Group and all its subsidiaries. It also extends to joint ventures and associated companies, with active involvement through Board representation or nominated appointees to safeguard our interests and investments. The key elements of our internal control framework are as follows: ETHICS & INTEGRITY COMPETENCY INFORMATION & MONITORING POLICIES & PROCEDURES AUTHORITY & RESPONSIBILITY KEY INTERNAL CONTROL Well-documented policies and procedures constitute a vital component of the Group’s internal control systems, serving as a safeguard for shareholders’ investments and the protection of the Group’s assets against substantial losses. Beyond risk mitigation, these policies and procedures play a critical role in ensuring the provision of complete and accurate information. This documentation encompasses a variety of forms, including policy documents, Standard Operating Procedures (SOPs), circulars, manuals, and handbooks. To adapt to evolving business and operational requirements, these materials undergo continuous revision and updating, underscoring the Group’s commitment to maintaining the highest standards of governance and operational excellence. POLICIES & PROCEDURES The Board exhibits a commitment to ethical governance by adhering to the Directors’ Code of Ethics and Conduct (CoEC) and the Directors’ Code of Business Practice (CoBP). Each director reinforces this commitment through signed declarations, providing clear evidence of their dedication to upholding integrity. These documents are readily accessible on FGV’s website, showcasing the Group’s commitment to transparency. This pledge cultivates a culture of ethical excellence, positioning these codes as pivotal guiding principles that actively foster trust and integrity within the organisation. Directors’ Code of Business Practice, and Directors’ Code of Ethics and Conduct The Group upholds a Code of Business Conduct and Ethics for Employees (CoBCE) as a guiding framework. This comprehensive code instructs FGV’s employees to embody the Group’s values and comply with relevant laws and regulations through honest, transparent, and ethical business practices. Employees also sign an integrity pledge, committing themselves to principles of transparency and accountability. Code of Business Conduct and Ethics for Employees ETHICS & INTEGRITY The Group is dedicated to upholding integrity standards for all employees and stakeholders. This policy provides a dedicated channel for disclosing genuine concerns regarding potential improprieties, improper conduct, or malpractices in a transparent and confidential manner, ensuring protection against punishment or unfair treatment. It not only ensures proper channels for addressing whistleblowing complaints but also includes provisions for whistleblower protection. Whistleblowing Policy
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