Corporate Governance & Internal Audit System
SiNAS strives to achieve high quality corporate governance by following the 6 principles as follows:
i. Create a climate of trust and candor
ii. Foster a culture of open dissent
iii. Mix up roles, cross training and segregation of duties
iv. Ensure individual accountability
v. Allow the management assess leadership talent
vi. Executive management self-appraisal for their individual performance.
Risk Management Framework
The Risk Management Framework specifies accepted best practice for the discipline of risk management. The framework is implementation independent – it defines key risk management activities, but does not specify how to perform those activities. In particular, the framework helps provide a foundation for a comprehensive risk management methodology basis for evaluating and improving a program’s risk management practice.
SiNAS Risk Management Framework shall be monitored by our internal audit, corporate compliance unit and our legal advisor.