Directors - Boustead Holdings Berhad

RISK MANAGEMENT
The Board recognises that effective risk
management is an essential and indispensable part
of corporate management. The Group strives to
manage risk effectively with a view to protecting
assets and stakeholders, ensuring achievement of
the business objectives and enhancing shareholder
value.
The Board and its various sub-committees have
undertaken to address the need for risk
management within the Group and have tasked
Management with developing and maintaining the
necessary systems to give effect to this
responsibility.
The Group endeavours to develop, implement and
maintain sound risk management practices and
systems that are consistent with good corporate
governance to address these objectives:
• communicate the vision, role, direction and
priorities to staff and other stakeholders;
• identify, assess and manage risks in an effective
and efficient manner;
• improve decision making, planning and
prioritisation based on a comprehensive
understanding of the reward to risk balance; and
• enable systematic and prompt reporting on any
perceived new risks or failures of existing control
measures.
In pursuing these objectives the Group has:
• implemented a comprehensive and systematic
risk assessment and reporting process across
the Group;
• created an environment that controls and
mitigate risks within the accepted risk tolerance;
• heightened risk management awareness in the
business processes;
• fostered a culture of continuous improvement in
risk management through audit and review
processes;
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