2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Risk Management
Committee Report
b. Majority of the members must be independent
directors.
c. The Chairperson shall be an independent, nonexecutive
director.
d. No alternate director is appointed as a member
of the RMC.
e. In the event of any vacancy in the RMC resulting
in the non-compliance of the above requirements,
the Company must fill the vacancy within
3 months.
f. The Company Secretary shall act as Secretary to
the RMC.
3. MEETINGS
a. To form a quorum in respect of a meeting of the
Committee shall be a minimum of three
(3) members.
b. Meetings of the Committee shall be held at least
four times per year.
c. The Chairperson will call a meeting of the Risk
Management Committee (RMC) if so directed by
the Board. The Chairperson will call a meeting of
the RMC if so requested by any Committee
Member or the Group Managing Director (GMD).
d. The Secretary is responsible for the co-ordination
of administrative details including calling the
meetings, voting and keeping of minutes.
4. ATTENDANCE AT MEETINGS
During the financial year ended 31 December 2012, the
Risk Management Committee (RMC) had met four (4)
times and attendance of members are illustrated below:
Member
Dato’ Fateh Iskandar bin Tan Sri Dato’
Mohamed Mansor
Chairman
Attendance
3/4
Tan Sri Dato’ Seri Mohamed Jawhar 3/4
Dato’ Gumuri Hussain 4/4
During the year, the Group continued to enhance and
evaluate the risk management framework for efficacy
and coherence. Some of the risk management
ongoing activities and/or initiatives include:
• Awareness Sessions
Awareness sessions serve as a refresher course
and interactive session on certain standard
operating policies and procedures to the primary
users. These sessions are conducted by Group
Risk Management Department in collaboration
with identified stakeholders to introduce new
operating policies and procedures and to reiterate
relevant guidelines for the benefit of staff. These
awareness sessions also serves as a platform for
staff to clarify any uncertainty in regards to the
Group’s operating policies and procedures.
• Communication Sessions
In order to ensure a better understanding of the
risk management framework and control
procedures, and smooth implementation of new
policies and procedures, the Risk Management
team continuously holds presentations to educate
and update the Group’s staff accordingly. Control
Risk Assessment Sessions (CRSA) are conducted
with risk owners to identify and explain the
objectives and processes involved in risk
identification. During the year, Group Risk
Management had conducted numerous sessions
with senior management on risk management and
to obtain feedback on areas affecting the risk
criteria of the respective subsidiaries.
• Group Risk Management Web Portal
Group Risk Management Department strives for
efficient communications with all other units within
MPB. A web portal consisting of information such
as Policies and Procedures and other information
pertaining to risk are accessible to all employees
through this portal. It acts as a reference point
and interactive platform to welcome feedback on
all relevant areas in regards to risk management.
During the year, the following policies were issued
and uploaded on the Group Risk Management
web portal:
– Public Service Announcements and Advertorial
Policy; and
– Guidelines on Usage of Engineering Equipment.
136
annual
report
2012
Datuk Ahmad Abd Talib, JP 4/4