The Board acknowledges its responsibility for the preparation of the accounts of the Company in line with requirements of the Listing Rules.
The Board is responsible for approving and reviewing key internal control policies including delegated authorities, policy on market disclosure and investor relations, non-audit services and treasury management policy.
An internal control system is designed to provide reasonable, but not absolute assurance that material misstatement or loss can be avoided, and to manage and minimize risks of failure in operationalsystems.
The Board, and in particular the Audit Committee, conducts a continuous review of the effectiveness of the Group's system of internal control. The "Internal Control - Integrated Framework" developed by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") is used as a framework for the continuous review.
The Board and senior management continuously update, develop and improve the internal control system of the Group.