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G U I N N E S S A N C H O R B E R H A D
( 5 3 5 0 - X )
and constantly delivered. A pioneer brewery
in Malaysia to receive both the internationally
recognised ISO9001:2000 accreditation and
Ministry of Health’s Hazard Analysis Critical
Control Point (HACCP) certification, the Sungei
Way brewery continues to have its certification
successfully renewed annually.
• Currency and Interest Risks
Comprising representatives from the Finance,
Supply Chain, Purchasing and Sales Departments,
GAB’s Treasury Risk Committee meets quarterly
to review risks relating to cash flow, foreign
currency exposure and interest rates. GAB
also has in place an exchange rate hedging
programme to contain exposure to fluctuations.
CON T RO L AS SURANC E
AND R I SK MANAG EME N T
Control Assurance and Risk Management (CARM),
GAB’s web-based self-assessment programme
requires each business unit to evaluate and ensure
that it has appropriate controls in place to manage a
broad range of risks arising from day-to-day business
activities. Emphasis is placed on internal controls
over financial reporting, focusing on transparency,
accountability and safeguarding of assets for the
purpose of compliance with the requirements of the
US Sarbanes-Oxley Act.
SUPP L I E R E NGAG EME N T AND AUD I T
GAB is part of a global network of breweries and as
a result, we are able to purchase our key raw and
packaging materials as a group from international
suppliers. Where possible, we engage local suppliers
especially with regards to our commercial purchases
of goods and services, in line with our commitment to
creating economic value with our activities.
GAB conducts regular supplier audits to ensure that
the key raw and packaging materials and processes
that contribute to our final products fulfil the quality
and standards that we have set to meet stakeholders’
expectation. This is in line with the ISO 9001:2008
and the Hazard Analysis and Critical Control Point
(HACCP) requirements, of which GAB has been
certified. We are required to control and monitor
our key vendors and outsourcing processes whereby
the quality of products and services provided will
conform to all customer, statutory and regulatory
requirements.
Among the areas that are audited include storage
methods, raw materials and packaging materials used
for the production of finished goods; general factory
conditions and safety standards; environmental
related areas, for example, chemical storage,
contamination prevention, contamination by vicinity
industries and their environmental policy; operational
procedures; compliance with ISO requirements;
delivery; that their operations are not in conflict
with human rights as well as the communication
processes between GAB and suppliers.
Where the quality and standards are not met, suppliers
are required to rectify the situation accordingly within
a stipulated time frame such that production time-
lines will not be adversely affected.
CR I S I S MANAG EME N T
GAB’s Business Continuity Plan is an integral part
of a comprehensive strategy to mitigate risks and
manage the impact of crisis situations. Simulations
are conducted periodically to enhance the Group’s
preparedness in crisis and emergency response to try
and ensure minimum or no disruption to operations
and business during a crisis or disaster.
There has been a marked change in the focus and design
of our product advertising since the implementation of
GAB’s Code of Marketing Practice.
Our Commitment to Responsible Marketplace Practices