Directors of companies should be aware embracing the ESG theme does not mean that their responsibility via the statement on risk management and internal control in the annual report is extinguished, but rather a greater responsibility is now bestowed upon them to ensure full compliance.
AS investors are busy flipping pages of companies’ annual reports in the current reporting season, one of the key statements in an annual report is the statement on risk management and internal control.
The statement gives assurance to stakeholders that risk management and internal control system are operating adequately and effectively in all material aspects.
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