BIMB Integrated Annual Report 2019

160 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance STATEMENT ON DIRECTORS’ RESPONSIBILITY This statement is prepared pursuant to the Companies Act, 2016 and the Listing Requirements of Bursa Securities. The Directors are required to prepare financial statements which give a true and fair view of the state of affairs of the Group and the Company as at the end of each financial year and of their cash flows for that year then ended. In preparing the financial statements for the year ended 31 December 2019, the Directors have: • adopted suitable accounting policies and applied them consistently; • made judgments and estimates that are reasonable and prudent; • ensured applicable Financial Reporting Standards have been followed; and • prepared the financial statements on a going concern basis. The Board has the overall responsibility to take all steps as are reasonably necessary to safeguard the assets of the Group to prevent and detect fraud and other irregularities. This statement is made in accordance with a resolution of the Board dated 14 May 2020.