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79

KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

Operational

Global, regional and/or local

economic

slowdown

factors

adversely impact commodity prices,

customers demand and costs.

Finance

Volatile exchange rates for foreign

investment.

Human Resource

Failure to recruit and retain key staff,

and the inability to deploy staff within

the Group where they are most

needed could affect the business.

Compliance

Internal and external regulatory

requirements.

Safety, Health and Environment

Major

accident

occurs

to

employees/contractors

arising

from non-compliance with policies

and procedures leading to death or

severe injury.

Business

interruption,

pricing and

marketing.

Foreign

exchange

Succession

planning

Regulatory

Compliance of

safety, health

and environment

(“SHE”)

• Monitoring of market/economic conditions.

• Strategic business plan based on market

conditions.

• Key marketing strategy for each division.

• Foreign currency bank accounts.

• Exploring export markets.

• Talent management and succession planning

framework, policies and talent mobilisation.

• Revised remuneration and rewards programme.

• Annual key performance indicator and appraisal

for each personnel.

• Constant monitoring for each department, division

and Group.

• Regular review in operational audit programme.

• Continuous updating to new regulatory

requirement.

• The Safety, Health & Environment (and

Emergency Response Policies & Procedure was

established and implemented at divisional level.

• Performancemonitoring& reporting implemented.

• Regular safety training dialogues and dedicated

SHE Committee/Department.

The top five (5) risk factors of the Group after considering its likelihood and its impact from both a financial

and/or non-financial standpoint are as follows:

Broad risk area

Sub-broad risk

Key mitigation measures