QL Resources Berhad (428915-X)
52
CONCLUSION
The Board is of the view that the risk management and internal control systems that are in place for the year under review
and up to the date of approval of this statement, is adequate and effective to safeguard the shareholders' investment and,
the Group's assets.
There have been no significant breakdowns or weaknesses in the system of internal control of the Group for the financial
year under review. The Group continues to take the necessary measures to ensure that the system of internal control is in
place and functioning effectively.
The Group's system of internal control applies to QL Resources Berhad and its subsidiaries. Associated companies have
been excluded because the Group does not have full management and control over them. However, the Group's interest
is served through representations on the boards of the respective associated companies.
This Statement on Risk Management and Internal Control was approved by the Board on 1st July 2016.
Statement on Risk Management
and Internal Control
(Cont’d.)
