Kencana 2011 vis - SapuraKencana Petroleum

Chairman’s Statement (continued)
ORDER BOOK HIGHLIGHTS
At the time of writing, the Group
has an order book balance amounting
to some RM2.2 billion. While some
of these contracts will contribute
positively to our earnings in FY2012,
we continue to actively tender for
new jobs in Malaysia and abroad.
Going forward, we believe that the
operating environment will remain
conducive and that oil and gas
activities will still be robust.
This gives us the confidence to
secure enough work to maintain
an order book of not less than
RM2 billion at any given time.
CORPORATE GOVERNANCE AND
RISK MANAGEMENT
The Board and management of
Kencana Petroleum are deeply
committed to strengthening corporate
governance and risk management
RM1.49 billion
in revenue in FY2011
against the preceding
year’s RM1.09 billion
22 Kencana Petroleum
practices across all levels of our
organisation. We are focused on
inculcating integrity, transparency
and accountability among our
workforce and across our business
operations, while ensuring sustainable
value creation for all shareholders.
Robust internal control policies and
practices are in place to protect our
business reputation and stakeholders’
interests. We also recently instituted
a Group Whistle Blowing Policy to
encourage employees and others
to raise genuine concerns about
any malpractices, illegal acts or
omissions. The policy encourages
them to do this at the earliest
possible stage, in the right way,
without fear of victimisation.
This forms part of our commitment
towards ensuring the Group’s affairs
and business are carried out in an
ethical, professional and honest
manner as well as to the highest
possible standards, thereby creating
true value for our stakeholders.
CORPORATE RESPONSIBILITY
To ensure the Group’s sustainable
growth, your Board and management
places the utmost importance on
responsible business practices that
impact positively on our many
stakeholders including our customers,
employees, shareholders as well as
the communities and environment
in which we operate. Our on-going
efforts on the corporate responsibility
(CR) front saw us undertaking
initiatives in the areas of the
workplace, community, marketplace
and environment to empower our
many stakeholders and ensure the
sustainable growth of our businesses.
The details of our CR efforts can be
found in the CR section on pages 36
to 39 of this Annual Report.