2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Statement on
Risk Management and Internal Control
• Reliance of key business operations to IT has
been augmented with the following initiatives
during the year:
Initiative
Purpose
• Regular and comprehensive information provided
to Management, covering financial performance
and key performance indicators such as advertising
market share, television viewership, programme
ratings and utilisation of resources.
Implementation of
WAN Accelerator
and Load Balance
Appliance for
Mission Critical
Servers
Finance Budgeting
and Consolidation
System
– To enhance the
scalability and
availability of mission
critical application
servers.
– To accelerate the
reporting of
consolidated financials
and to generate quick
ad-hoc reports for
effective business
decisions.
• Monitoring of performance including discussion of
any significant issues at Senior Management
meetings.
• Regulatory Affairs Department conducted seven
(7) content regulatory workshops throughout the
year as part of the initiatives to impart information
and to provide explanation on the rules and
regulations governing the broadcast industry
based on the Communication and Multimedia Act
1998; Communication and Multimedia Content
Forum Content Code and the respective license
condition of each TV Networks/Radio Networks.
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annual
report
2012
Sri Pentas Wireless
Security
Managed Print
Services
Information Security
Management System
(ISMS)
– To accommodate the
growing number of
wireless users.
– To enforce best
practice on centralised
printing output devices
with the aim of
reducing waste and
enhancing information
security.
– To establish,
implement, monitor,
maintain and improve
information security.
C. OTHER KEY ELEMENTS OF RISK
MANAGEMENT AND INTERNAL
CONTROL
The other key elements of the Group’s risk
management and internal controls system include:
• Monthly reporting of actual results and their
review against budget, with major variances being
followed up and Management actions taken,
where necessary. The financial results are
reviewed by the Board with Management on a
quarterly basis, to enable both parties to gauge
the Group’s achievement of its annual targets and
review any key financial and operational issues.
• Regular visits to operating units by Senior
Management.
The officers responsible for monitoring of internal
control, risk management, legal and regulatory
compliance for the Group are as follows:
Name and Designation
Sere Mohammad Mohd Kasim
Group General Manager,
Group Corporate Governance
Mohd Hisham Md. Shazli
Group General Manager,
Group Risk Management
Zafrul Shastri Hashim
Group General Manager,
Legal & Secretarial
Tuan Haji Zulkifli Haji Mohd Salleh
Group General Manager,
Stakeholder Management &
Regulatory Affairs
Laili Hanim Mahmood
Group General Manager,
Regulatory Affairs
Matters
Internal Control
and Internal
Audit
Risk
Management
Legal and
Secretarial
Regulatory
Compliance
Regulatory
Compliance
The Board believes that the development of the
system of internal controls is an on-going process
and has taken steps throughout the year to improve
its internal controls system and will continue to
do so.