Whistleblowing Policy The Group has in place an effective Whistleblowing Policy which provides a platform for employees or third parties to report instances of unethical behaviour, actual or suspected fraud or dishonesty, or a violation of Capital A’s Code of Conduct. It provides protection for the whistle-blowers from any reprisals as a direct consequence of making such disclosures. It also covers the procedures for disclosure, investigations and the respective outcomes of such investigations. The Group expects its employees to act in the Group’s best interests and to maintain high principles and ethical values. The Group will not tolerate any irresponsible or unethical behaviour that would jeopardise its good standing and reputation. As the custodian of the Whistleblowing Policy, GIAD has consistently conducted internal control, fraud and whistleblowing awareness briefings to all new hires through the Regional Orientation Programme conducted in collaboration with the People & Culture Department. GIAD also shares information and articles regarding whistleblowing and fraud through the Group’s internal sharing platform, Workplace, which is accessible to all employees. Conclusion The Board has received assurance from the CEO, President (Aviation), President (Commercial), President (Ventures) and CFO of Capital A that the Group’s risk management and internal control system are operating adequately and effectively in all material aspects. For areas which require improvement, action plans are being developed with implementation dates being monitored by the respective Heads of Department. The Board also receives quarterly updates on key risk management and internal control matters through its Board Committees. Based on assurance received from Management and updates from the Board Committees, the Board is of the view that the Group’s risk management and internal control systems were operating adequately and effectively during the Financial Year under review up to the date of approval of this statement. The Group’s associate companies are in the process of fully adopting the Group’s risk management and internal controls. The disclosure in this statement does not include the risk management and internal control practices of Capital A’s material joint ventures. Review of the Statement by External Auditors As required by Paragraph 15.23 of the MMLR, the External Auditors have reviewed this Statement on Risk Management and Internal Control. Their limited assurance review was performed in accordance with the Audit and Assurance Practice Guide (“AAPG”) 3 issued by the Malaysian Institute of Accountants. The AAPG 3 does not require the External Auditors to form an opinion on the adequacy and effectiveness of the risk management and internal control systems of the Group. This statement is in accordance with the resolution of the Board of Directors of the Group on 22 April 2022. 1 8 4 C A P I T A L A B E R H A D Statement on Risk Management & Internal Control (cont’d.)
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