Wellcom_FY11-Financial-Report

The company policies are designed to ensure strategic

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Unformatted text preview: k The board, through the Audit Committee, is responsible for ensuring there are adequate policies in relation to risk management, compliance and internal control systems. The Company policies are designed to ensure strategic, operational, legal, reputational and financial risks are identified, assessed, effectively and efficiently managed and monitored to enable achievement of the Group’s business objectives. Considerable importance is placed on maintaining a strong control environment. There is an organisation structure with clearly drawn lines of accountability and delegation of authority. Adherence to the Code of Conduct is required at all times and the board actively promotes a culture of quality and integrity. 8 Wellcom Group Limited Corporate Governance Statement Corporate reporting The Chief Executive Officer and the Chief Financial Officer have made the following certifications to the board: For personal use only • • that the Company’s financial reports are complete and present a true and fair view, in all material respects, of the financial condition and operational results of the Group and are in accordance with the relevant accounting standards; that the above statement is founded on a sound system of risk management, internal compliance and control which implemen...
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This document was uploaded on 02/06/2014.

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