Page 79 - CJ 2019 INTEGRATED REPORT

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• The Board’s Strategy and and Finance Committee meets quarterly to address fifinancial planning and and strategies • Issues pertaining to fifinancial matters are addressed at at difffferent forums such as management meetings meetings Board meetings meetings committees and also during the Annual Operating Plan exercise • All projects are appraised through feasibility studies which also include the assessment of proposed funding plans • A dividend payout policy has been devised • Financial internal controls are are in in in place and and assurance exercises are are carried out to ensure their compliance and and effffectiveness • In the the the context of the the the Covid-19 pandemic the the the Group including CJ has assessed its its immediate to short term fifinancial resilience by stress testing its its debt reduction
plan wherever applicable starting with a a a a a a a a a a a deep review of its cash flflow forecast for for 2020 Appropriate decisions are being taken to to ensure that each company is is able to to meet its its obligations in in the short and medium term Medium
• Diversifification of of revenue is is one of of the Group’s major strategic directions and and is is is subject to review on on on on a a a a a a a a a a a a regular basis at at at the the Strategy and and Finance Committee of the the Board • Current strategies favour investments in in in in Hospitality and Real Estate while focusing on new segments within the existing Telecom & Media Business sector Medium
Response To Risks Strategies Impacted*
Risk rating Capital(s) impacted
• Leveraging our network of of international strategic partners and experts’ knowledge of of the industry • Adopting new technologies and and building future-ready network capabilities to offffer innovative products and and services • Strong and resilient attitude of the management team • The talent talent development programme which is in in place supports our ability
to attract and retain high-calibre talents across the Group • Pursue the Group’s digitalisation roadmap to address internal effifficiencies and external interfaces RELATIONSHIP
Medium
FINANCIAL HUMAN
INTELLECTUAL
MANUFACTURED
SOCIAL & NATURAL
INTEGRATED REPORT 2019