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#1-2017
ourCMS
(JANUARY-APRIL)
Newsletter
ourCMS Newsletter #1-2017 (January - April)2
REPORTS STABLE EARNINGS WITH PRE-TAX PROFIT OF RM302 MILCMS 24 February 2017
CMS reported a total revenue of RM1.55 billion and pre-tax
profit (PBT) of RM302.14 million for the financial year ended 31
December 2016 (FY 2016). Revenue and PBT decreased by 13%
and 22% in comparison to the preceding year’s (FY 2015) record
result of RM1.79 billion and RM388.60 million.
CMS recorded a strong recovery in profits during the second
half of 2016 (2H16) with PBT of RM236.47 million in comparison
to the first half of 2016’s (1H16) PBT of RM65.67 million. PBT for
the fourth quarter ended 31 December 2016 (4Q16) of RM141.73
million improved by 50% in comparison to the third quarter
ended 30 September 2016’s (3Q16) PBT of RM94.74 million and
16% in comparison to the fourth quarter ended 31 December
2015’s (4Q15) PBT of RM122.32 million.
Despite challenging market conditions, Cement Division
recorded a PBT of RM105.0 million, Construction Materials &
Trading Division reported a PBT of RM106.75 million, Construction
& Road Maintenance Division recorded a PBT of RM85.40 million
(excluding the share of results of joint ventures) which was due
to less construction works undertaken and to the reinstatement
of arrears of revenue from routine maintenance work during
2015 resulting in exceptionally solid financial results for the year.
In comparison to FY 2015, Property Development Division’s PBT
improved by 18% to RM23.51 million.
CMS recorded losses of RM35.17 million in FY 2016 largely due to
the losses reported by a CMS associate during 1H16 but steadily
improved in 2H16.
ourCMS Newsletter #1-2017 (January - April) 3
borneo744.com
https://www.facebook.com/borneo744
takes centre stage as Sarawak’s Creativity & Entrepreneurship Hub
15 February 2017
Borneo744, Malaysia’s first Blue Ocean Entrepreneurs Township welcomed
representatives from project partners (Ministry of Finance and Sarawak
State Government) and potential partners, users and occupants including
Malaysian Global Innovation & Creativity Centre and Tanoti to its press
conference at its premises in Bintawa.
Located on a 10-acre site in a former JKR warehouse complex just 11km
from Kuching City Centre and 5km from the Borneo Convention Centre
Kuching, Borneo744 is intended to become a much needed hub for
entrepreneurs and creatives to meet, collaborate, make, sell and showcase
their work.
Dubbed the ‘Entrepreneur & Arts District, Sarawak’, Borneo744 is a 100%
non-profit NGO which allow entrepreneurs and creatives to freely express
themselves, with the five featured buildings (Block A to E) all catering to
specific activities such as performing arts, exhibitions, events, fashion
shows, crafts, co-working spaces and start-up manufacturing to name
a few.
Borneo744 was announced by Prime Minister YAB Dato’ Sri Mohd Najib
Razak in April 2016. The land which houses the project is maintained by
CMS Land Sdn Bhd and is land rent-free for fifteen years, is as a CSR
initiative of CMS.
Borneo744 will hold its soft launch on 19 May 2017.
ENTREPRENEUR & ARTS DISTRICT, KUCHING
ourCMS Newsletter #1-2017 (January - April)4
CMS RoadsJKR Sarawak&
Miri-Marudi Road Upgrading Gaining Ground & Still Ahead of Schedule
Building on the Past for Sarawak’s Future’ by
CMS Roads announced that construction of the Miri-Marudi
road is progressing ahead of schedule and is anticipated to be
completed before the end of the 30-month contract period.
In October 2016, local communities and road users appealed
to the State Government to commence construction of the
project ahead of the contracted start-date, due in part to
the hazardous conditions of the existing road. Understanding
their concerns, which had been aggravated by adverse
weather conditions, CMS Roads mobilised their resources
and commenced work on the 43.2km Miri-Marudi road on 13
November 2016.
As part of the company’s commitment to development and
the safety and convenience of road users, CMS Roads pledged
to release quarterly updates on this project. CMS Roads’ next
planned update on the Miri-Marudi road is scheduled for late June
2017.
9 March 2017
CMS Roads and JKR Sarawak organised a
workshop titled ‘Management & Maintenance
of Road Assets using Performance-based
Contract’ in Kuching from 6 to 7 April 2017. The
workshop was officiated by Deputy Chief Minister and
Minister of Infrastructure Development and Transportation,
YB Tan Sri Datuk Amar Dr. James Jemut Anak Masing.
With the tagline Building on the Past for Sarawak’s Future, the 2-day
workshop marked an important milestone towards achieving the highest
performance standard for the management and maintenance of State
roads. The workshop offered an open and collaborative platform to share,
discuss and determine firm strategies to enhance the State’s road assets
management and maintenance approach in line with the needs of a
rapidly-developing State.
“CMS Roads has exceeded its contractual performance at every level, every
year, as reflected in the Road Maintenance Index (RMI) and Contractual
Assessment Rating, and we have introduced specialised equipment,
such as road scanners, and an innovative maintenance management
system, the CMS Road Engineering Asset Management System -CREAM-
to ensure the expectations of all our stakeholders are not only met, but
surpassed. Notwithstanding all this, CMS Roads acknowledges that there
is always room for improvement and is collaborating with JKR Sarawak
to incorporate revised and improved standards and work scope so as to
ensure, going forward, that Sarawak has better roads” said Dato’ Richard
Curtis.
ourCMS Newsletter #1-2017 (January - April) 5
CMS Property’sChinese NewYear
participates at IEM Expo 2017
POSITIVERESPONSE FOR
OPEN HOUSE
CMS CONCRETE PRODUCTS
Rivervale ResidencesStutong, Kuching
4 February 2017
A huge crowd of youngsters and jobseekers were seen at The
Institute of Engineers, IEM Career Fair & Expo 2017 at CityONE
Megamall, Kuching over the weekend.
CMS Concrete Products marketing team of seven led by Lim
Wee Han, Technical & Sales Manager were on duty during the
2-day expo, showcasing their precast products which included
the various grades of RMC, reinforced concrete square piles,
bridge beans and Industrialised Building System (IBS) products
and solutions.
11 March 2017
YB Cr. Lo Khere Chiang greeted by Mr Lau Sie Ang, Deputy General Manager of CMS Concrete
Products along with the marketing team during the opening ceremony.
ourCMS Newsletter #1-2017 (January - April)6
9 February 2017
TPS delivers world-clasSRESULTS FOR OVER 20 YEARS
Tunku Putra School (TPS) celebrated another year of excellent IGSCE results with special congratulations given to Joanna Lim and Yeri
Han, who each scored seven A* and one A grade as the two highest achievers. TPS recorded strong performances in English as a First
Language with 92% of students achieving a grade B or higher and 60% achieving an A* or A in English Literature.
This year’s results also showed that TPS students continue to perform exceptionally in mathematics and the three Science subjects with
52% of the results were graded A* or A (Physics) while 70% were graded B or higher (Additional Mathematics).
Yeri, along with eleven of her fellow students from Year 11, Year 10 and Form 5 also successfully achieved the Bronze Level Certificate of
the Duke of Edinburgh International Award, globally-recognised as a leading initiative for young people, enables students aged between
14 and 25 to learn practical skills that are valuable to their personal and professional development.
To add to the list of achievements in 2016, Joseph Chung together with his team clinched the first runners up at the Sime Darby Young
Innovators’ Challenge organised by Swinburne University of Technology, for the ‘Food Robin’ app that connects supermarkets with extra
food to NGOs and charity organisations. He also received Gold for his Smart E-Cushion that helped to prevent pressure ulcers from
occurring, regulating the pressure evenly by inflating and deflating, in the Kuala Lumpur Engineering Sciences Fair 2016.
ourCMS Newsletter #1-2017 (January - April) 7
Stay united & never give up !There were hearsays and stories from past experiences that
both warned and prepared us for what would be a tough ‘4
Days 3 Nights’ journey. On 31 March 2017, a total of 27 very
keen, excited and energetic individuals started the journey
which was led by our very sporting and adventurous Group
Managing Director, Dato’ Richard Curtis.
Upon arriving at Rumah Ansi after a full day of air, land and
river travel, we were renewed with a sense of determination.
We collectively had one aim in mind – to take on the weekend’s
challenge and strive to paddle and row hard to reach the finish
line. We were warmly welcomed by the locals who prepared
a feast of local food and drinks. It was a night filled with
laughter, fun and food.
Came the big day where CMS Team which consisted of two
men’s team (CMS Roar 1 and 2) and one ladies’ team (CMS
Roar 3) geared up to paddle through Day 1’s Baleh rapids. The
previous night’s torrential rain had caused heavy flows over the
rapids; however, this made us even more determined to paddle
harder! We were all watchful, taking into consideration our
navigators, captains and seniors’ words of caution especially
to not let history repeat itself – the capsized raft incident in
2012.
We were paddling hard when we were alarmed by a loud crash.
Our worst fears came true – the strong currents pushed both
the CMS Roars 1 raft and a competitor of another category
against a boulder and pinned them under a tree trunk. Neither
the raft nor the longboat could be saved due to the rough
river condition. We were thankful that no one was injured.
As team members abandoned the wrecked raft, CMS Roar 2
paddled towards our fellow colleagues to help get them out of
the rough waters. Though disappointed, we were continuously
reminded to stay united and to never give up!
After two hours, we reached our first pit stop of the race.
We alighted, cleaned ourselves and rested before we bonded
with our new local hosts at Rh. Along that evening. We also
witnessed a wild boar being sacrificed as an offering. We
were graciously invited to join the ’Majlis Pemimpin Bersama
Rakyat’ event which was organised in conjunction with the
raft safari. Deputy Chief Minister, YB Tan Sri Datuk Amar Dr.
James Masing praised CMS for the unwavering and constant
support and participation for the past six years. “Be like CMS,
NEVER GIVE UP!” he concluded.
After a grueling 6-hour battle with the waves, CMS Roar 2 and
3 finally finished fourth place at the finishing line at the Kapit
Terminal, greeted by smiles. The memorable experience was
definitely challenging as we were pushed out of our comfort
zones but it also proved to be very eventful and refreshing.
CMS sponsored RM20,000 for the Baleh Kapit Raft Safari 2017.
1 – 3 April 2017Baleh Kapit Raft Safari 2017
Contributed by: Alicia Beh, Nicholas Gala Bato, Odilia Petrina & Tang Tung Teck
ourCMS Newsletter #1-2017 (January - April)8
Our deepest appreciation to Y A Bhg General Dato’ Seri DiRaja Tan Sri
(Dr.) Mohd Zahidi Bin Hj Zainuddin (Retired) who has stepped down as
a Non-Independent, Non-Executive Director of CMS. We thank him for his
invaluable contributions during his 11-year tenure with us and wish him every
success in his future endeavours.
CAHYAMATASARAWAK BERHAD
42nd
Annual General Meeting26 April 2017
Y A Bhg General Dato’ Seri DiRaja Tan Sri (Dr.) Mohd Zahidi Bin Hj Zainuddin(Retired)
ourCMS Newsletter #1-2017 (January - April) 9
Datuk Syed Ahmad and Dato’ Richard Curtis handed out awards to long-serving employees at CMS HQ for their dedication and contribution
towards the company at a simple ceremony on 13 February 2017.
Congratulations to all Long Service Award recipients!
Congratulations CMS Opus Private Equity’s Managing Director, Y Bhg Dato’ Hj Azam bin Azman
was conferred a Datukship by His Royal Highness Sultan of Pahang, Sultan
Ahmad Shah in conjunction with His Royal Highness’ 86th Birthday at Istana
Abu Bakar on 4 March 2017.
Dato’ Hj Azam received the award for his contribution to the venture capital
and private equity industry in Malaysia. He is a pioneer private equity
practitioner in Malaysia and was the past Chairman of the Malaysia Venture
Capital and Private Equity Association.
CMS presents Long Service Awards
ourCMS Newsletter #1-2017 (January - April)10
On 14 December 2016, our team from PPES Works (Sarawak) was hit
with an unfortunate incident at one of our project sites – the Golden
Bridge project, at the Kuching Waterfront.
A 200-ton crawler crane at the construction site tipped over at 3.40pm
due to unusual and unexpected strong currents from the Sarawak
River which in turn caused the barge to be unstable making it tilt and
drift towards the southern pier. The tilt resulted in the crane’s boom
tipping over into the river.
Our experienced site team responded quickly and implemented
emergency procedures to secure the crane, barge and the project site.
Our team also swiftly installed barricades and flashing safety lights to
ensure the area was safe and river traffic could pass.
by PPES Works
Swift Response
Fortunately, there were no casualties or structural damage as a result
of this incident. This is no doubt contributed by our strict adherence to
site safety procedures.
However, due to the severity of the incident, the project was delayed
for a month while a temporary 100-ton crane was mobilised. The 200-
ton crawler crane was finally repaired and remobilised back to site in
April 2017.
Special thanks to Benedic Gurei (Project Manager), Belinda Mason
(Project Site Engineer), Elli Mering (HSE Officer) and the rest of the
team for their swift response which prevented serious damage to the
bridge, crane and barge.
The Golden Bridge project which was awarded on 20 December 2013 on
a turnkey (design and build) contract to PPES Works (Sarawak) / Naim
Land JV, is scheduled to be completed end of 2017.
ourCMS Newsletter #1-2017 (January - April) 11
11 March 2017‘ T o k N a n ’
A great turnout at the Tenpin Para Bowling Friendly Competition
as members and individuals from SABATI, government agencies,
and private companies along with the OKU/PARA athletes
bowled for charity. The fundraising event was organised
by Persatuan Tenpin Boling Para Negeri Sarawak. CMS was
represented by:
1. Khairul Hisyam Abdullah - CMS Infra Trading
2. Raphael Anak Edward - PPES Works (Sarawak)
3. Pandetar Zin - CMS Cement
4. Kadir Sahari - CMS Cement
Two of our CMS bowlers won 4th place in the Overall Team
Category and 10th place in the Overall Individual Category.
Prizes were presented by YB Cr. Lo Khere Chiang.
CMS also contributed RM3,000 to fund the OKU/PARA athletes’
training and development programme for the year.
Charity Tribute inMemory of
Friendly game between
Jabatan Bomba & Penyelamat Malaysia Zon 1 Sarawak and CMS teamed up for a friendly game of bowling on 25 February 2017 at Megalanes
Sarawak. A team of four who called themselves ‘CMS Bowlers’ consisted of Zaini Rawi, Raphael Edward, Khairul Hisyam and Arturo Pangilinan
Rogue represented CMS. Despite the tough competition, they clinched fourth place, with Raphael Edward being named the Best Male Player.
CMS and BOMBA
ourCMS Newsletter #1-2017 (January - April)12
A race to rebuild St. Teresa’s
SchoolThousands including former and present students, teachers,
parents and friends of St. Teresa’s School, Kuching gathered
at the old State Legislative Assembly (DUN) complex to
take part in the 3km and 8km ‘Save St. Teresa Run’. The run
was organised to raise funds for the rebuilding of St. Teresa’s
School hall that was engulfed by a fire on 29 October last
year which destroyed the 2-storey wooden structure of the
131-year old school.
The run was flagged off by YB Datuk Hajah Fatimah
Abdullah, Minister of Welfare, Women and Community
Wellbeing, who also participated in the 3km category.
Other activities lined up were kinesiology taping, Zumba
exercise, photo-booth, health screening and lucky draws.
Proceeds from the sale of souvenir mugs and wristbands
will go towards the school hall’s rebuilding fund.
8 February 2017
is backCOLOUR POWDERTHE
Colours bursting in the bright afternoon sun to mark the start of Colour Rush
5.0 Run attracted more than 3,400 participants in Kuching.
The run organised by the Sarawak Children’s Cancer Society (SCCS) in
commemoration of International Childhood Cancer Day, aimed to raise funds
and awareness in support of families and children battling childhood cancer
in Sarawak. This year’s theme “Joy” is dedicated to all the brave fighters of
cancer.
CMS employees covered in multi-coloured powder were barely recognisable,
ran the 5km route at the Sarawak State Library, Petra Jaya together with
thousands of other participants. The coloured powder thrown during the run
represented the children and the colours they bring into our lives.
CMS sponsored RM5,000 for the event.
18 February 2017
ourCMS Newsletter #1-2017 (January - April) 13
For the first time, Customs Department organised a charity fun
ride ‘Kayuhan Amal Kastam 1Malaysia’ at Wisma Kastam, Kuching.
Fourteen Cahya Cyclists rode 25km from Jalan Astana, crossing
the Sungai Sarawak, Kampung Surabaya before ending at the
Start/Finish point.
In conjunction with the 35th International Customs Day, the fun
ride was organised nationwide and RM1.00 per entry fee was
donated to the National Cancer Council Malaysia.
Fun RideKayuhan Amal Kastam
1 January 2017
1Malayisa 2017
in the
With the tagline ‘Doing Good in the World’, the Rotary Club of Kuching
Central held its first charity run to raise funds for their community
projects and youth development programmes.
CSR projects organised by the club were cataract operations for the
low-income group, solar lighting systems for the rural community and
provision of school kits for students of poor families in the rural and
urban areas in Sarawak.
The run held in Kuching, offered three categories – 2km, 5km and 8km
catering to runners with different levels of fitness. Parents and their
young children were seen running or walking the 2km route while 41 of
our CMS participants together with other avid runners took to the 5km
and 8km routes.
CMS contributed RM5,000 to the Rotary Club for this event.
Doing Good 26 February 2017
ourCMS Newsletter #1-2017 (January - April)14
The Kuching Autistic Association (KAA) organised its second autism run in conjunction with World Autism Awareness Day at Majlis Bandaraya Kuching Selatan, Kuching (MBKS).
Flagged-off by MBKS Mayor, Y Bhg Dato James Chan and KAA’s President, Dr. Yao Sik Chi at 6.30am the run attracted more than 2,000 participants in the 3km and 7km route. Seen running were families with autistic children and 100 CMS employees.
The programme ended with lucky draws and the winners walked away with prizes such as sport shoes, shopping vouchers, hotel vouchers, airline tickets and many more.
KAA aims to create awareness and reach out to the public especially parents to accept autistic children in our society while raising funds for their educational and training programme.
CMS contributed RM5,000 to KAA.
From afar, the green Milo tents could be seen across the grounds of
Pustaka Negeri Sarawak at Petra Jaya, Kuching. The grand set-up
for the Milo Breakfast Run was amazing. The Milo props and photo
booths were placed strategically along the paths leading up to the
starting line. The display attracted participants who eagerly took
turns snapping photos as they walked towards the gathering crowd
at Jalan Pustaka.
Huddled in the middle of the 6,000 huge crowd, the sound of an
air horn was heard and everyone started moving forward. It was
the start of the Milo Breakfast Run! Participants dashed and ran,
some walked and carried their children while others pushed their
baby strollers along the 3km route. The route took them to Stadium
Perpaduan, Sarawak Aquatic Centre and Lawn Bowling field before
returning back to Pustaka Negeri Sarawak to receive their goody
bags of Nestle and Milo products.
Autism Awareness
Fun TimeMILO
2 April 2017
2 April 2017
with
Run for
ourCMS Newsletter #1-2017 (January - April) 15
Each new year, many of us resolve to lose weight, exercise
more, even as simple as to better ourselves in some way.
This year, why not resolve to be kinder and gentler to our
planet? And that was exactly what CMS did!
The recycling campaign organised by Group Internal Audit
Department started early this year which gave everyone
an opportunity to spring clean their offices and homes to
usher in the New Year.
We received an overwhelming response from CMS
employees who arrived all excited to offload, with stacks
and parcels of recyclable items, comprising of newspapers,
aluminium cans, cardboards, mixed papers, and plastic
bottles. The response was so good that a second recycling
truck had to be called in. It definitely was good timing for
recycling!
The total collection weighed 6,336kg, worth RM1,759.30
will go towards charity.
CMS Cement Division continued ‘Doing Good’ by helping one of their
own - family of the late Mohamad Jamil Bin Kepot who passed away
on 12 August 2016 from Hypoxic-Ischemic Encephalopathy post CPR
after suffering from diabetes.
From CMS’ Group Term Life Insurance, a cheque of RM56,064 was
presented to Mohamad Jamil’s spouse, Puan Jenap Bt Mahari to help
ease the family’s financial burden.
Mohamad Jamil joined CMS in September 2007 as a Security Guard
and was subsequenty promoted to Office Assistant in 2015. He left
behind a spouse and three children aged 18, 16 and 12.
Helping one of our own
This Year,
13 February 2017
26 January 2017
Word of thanks from the organiser, “We would like to thank everyone for all their contribution in helping us make this recycling campaign a huge success”!
RESOLVE TO BE BETTER BYREDUCING, REUSING &
RECYCLING
Handing over the cheque to Puan Jenap by CMS Cement GM of Marketing & Logistics, Encik Suhadi Sulaiman and GM of Finance, Mdm Teo Choi Ngo.
ourCMS Newsletter #1-2017 (January - April)16
It was amazing to see donors arriving an hour early and waited eagerly for our CMS Blood
Donation Drive at Wisma Mahmud, Kuching. By 8.45am, the first name was called, followed by
40 others who were already waiting in line. There were many familiar faces most of whom were
repeat donors from the Group.
Donating for the first time was Victoria Ding from CMS’ Legal Services Department who came
with her mother in tow, for moral support! Unfortunately, we had fifteen others who were not
eligible to donate mainly due to high blood pressure.
Our thanks to the medical team from the Sarawak General Hospital’s Blood Bank for their
assistance and to our blood donors for their patience and unwavering support.
Blood Donation4 March 2017
A Life Saving Commitment
Doing Good for PERKATACMS employees, all proudly clad in our ‘Doing Good‘
orange-coloured t-shirts from seven CMS subsidiary
companies got together to set up ten stalls to sell a
variety of cakes, cookies, fuits, pastries, fried noodles,
nasi lemak, satay, curry chicken, bamboo glutinous
rice (lemang) at the Sarawak Association for the
Welfare of Intellectually Disabled Children (PERKATA)
Open Day Sale. They raised a whopping RM15,054.90
which will be used to fund the special school’s
activities.
30 April 2017
ourCMS Newsletter #1-2017 (January - April) 17
Over 100 CMS Quarries and CMS Premix employees
volunteered over three Sundays to carry out rebuilding
works at the Carmelite Monastery in Kuching.
CMS Construction Materials & Trading Division also
donated 5,000 MT of quarry waste worth RM55,000
which was used to fill the monastery’s foundation and
compound area.
Built in 1978, the Carmelite Monastery’s building
had over the years been infested with termites
which caused it to rot.
The rebuilding works were supervised by Auxiliary
Bishop Simon Poh (the new Archbishop of Kuching)
with the help of their construction supervisor.
Solid Foundationfor Carmelite Monastery
26 January 2017
New Walkway for SK KAMPUNG NYALAU19 January 2017
Twenty-four employees from Samalaju Properties, CMS Concrete
Products and CMS Premix all came together to help build a new
covered walkway for SK Kampung Nyalau, Bintulu.
Our volunteers together with the Parents-Teachers Association
and villagers laid concrete for the walkway and planted flowers
and trees around the school compound.
CMS sponsored the newly completed 66-meter covered walkway
which will provide shade for the students and teachers when
walking from the school entrance to the classrooms.
The event was officiated by YB Majang Renggi, in the presence of
Chief Executive Officer of Samalaju Properties, Goh Chii Yew and
Assistant General Manager of Bintulu Development Authority,
Wan Ibrahim bin Wan Ali.
ourCMS Newsletter #1-2017 (January - April)18
Employees hike uphill to help church
Longhouse Gets new facility
18 March 2017
26 February 2017
Hiking up a hill is already in itself a challenging feat for most people but it is even
tougher when one has to carry a heavy load uphill. That was what our group of CMS
volunteers from the Construction Materials & Trading Division did.
They carried wooden planks, bags of sand and gravel from the foothill of Mount
Singai, Bau all the way up to the Catholic Memorial Pilgrimage Centre, which is
approximately 228 meters above sea level. The materials will be used to build a new
stairway with platforms leading up to the Centre, as well as to construct a new
building. It took them four grueling hours to carry the materials to the top!
Kudos to our volunteers! On top of that, they also contributed RM220.70 towards
the church’s building fund.
On a rainy Sunday morning, our volunteers from CMS Premix
in Bintulu and Miri helped with the preliminary works for the
construction of an outdoor toilet for the longhouse folks of Rumah
Jangi, Ulu Sebauh, Bintulu.
Our volunteers cleared the site of rocks and discarded wood before
mixing cement and laying the bricks to build the toilet wall. The
much needed facility will be used by the longhouse folks and visitors
during communal and festive activities.
Currently, they are still in need of construction materials such as
nails, cement and zinc roofing, and more extensive work has to be
done before the toilet can be completed.
ourCMS Newsletter #1-2017 (January - April) 19
This year, the Group Internal Audit workshop covered a topic on ‘Embracing the Digital Revolution and Good Corporate
Governance’. It was an enlightening session led by our Group Internal Auditor, who shared his knowledge on key areas such
as:
• Rapid evolvement of technology
• Impact of technology on the Business Environment
• Information Technology Risks
• Evolvement of Internal Audit in response to the digital revolution
• Importance of Good Corporate Governance (CG) including the Role of Technology in CG
• How does Good CG add value to businesses, and
• Three lines of defence – roles and contributions to good CG
Real life case studies were also amongst other interesting topics shared during the half-day session.
The workshop was incorporated with a little more fun with some live interaction from the participants. During the
course, questions were posed and answers were crowdsourced from the participants via their mobile devices encouraging
contributions from everyone. An opportunity was also given to apply the knowledge gained from the workshop as they
worked through two case studies with their team and shared their answers with the rest of the participants.
The session ended well with a scrumptious lunch trusting everyone had something to take away on the importance of the
rise of technology and the need to embrace good corporate governance.
Contributed by: Serena Lim, Law Lee Na & Francis Lou
EmbracingThe Digital RevolutionAND GOOD CORPORATE GOVERNANCE
20
Published by Group Coporate CommunicationsCahya Mata Sarawak Berhad (21076-T)