Risk management is now considered a true value driver with many in the business world placing a premium on businesses that have adopted a risk management approach.Government is also demanding an increased focus on risk management within its own organisations.
To ensure successful business operations, the company must continuously control its operations. The company has defined its operating principles of internal control as follows:
The purpose of internal control and risk management is to ensure the effective and successful operation of the company, reliable information and compliance with the relevant regulations and operating principles. Internal control helps improve the effective fulfilment of the Board's supervising obligation.