The Board of Directors of Cagamas Holdings Berhad (the Board) affirms its overall responsibility in ensuring that the Cagamas Group of Companies (the Group) maintains a sound and effective system of internal controls that support the achievement of the Group’s objectives.
The Board Risk Committee (BRC) of Cagamas Berhad oversees the management of risks associated with the Group’s business and operations.
Authority and Responsibility
An organisational structure, job descriptions and Key Results Areas (KRA) which clearly define lines of responsibility and accountability aligned to business and operational requirements.
Planning, Monitoring and Reporting
The Annual Business Plan and Budget is developed, presented and approved by the Board before implementation.
Policies and Procedures
Clear, formalised and documented internal policies and procedures manuals are in place to ensure compliance with internal controls and relevant laws and regulations.
Independent Review by Internal Audit Department
The Internal Audit Department provides reasonable assurance to the Board by conducting an independent review on the adequacy,
Performance Measurement and Staff Competency
Key Performance Indicators (KPIs), which are based on the Performance Scorecard approach, are used to track and measure staff performance.
Business Continuity Planning
A Business Continuity Plan, including a Disaster Recovery Plan is in place to ensure continuity of business operations.