Haier 2009 Annual Report Download - page 41
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CORPORATE GOVERNANCE REPORT 企業管治報告
海爾電器集團有限公司 39
Internal Control and Risk Management
The Group is committed to implementing effective internal controls
and risk management procedures to identify and manage the risks that
may be faced by the Group, as well as to safeguard the interests of the
Group and our shareholders as a whole.
The Board is responsible for maintaining adequate internal controls
and risk management procedures in the Group, and for reviewing its
effectiveness through the Audit Committee on an on-going basis. The
Board has delegated to the Management the implementation of the
Group’s internal controls covering financial, operational and compliance
aspects, as well as risk management procedures.
The Board is also responsible for ensuring that the management has
discharged its duty to have an effective internal control system including
the adequacy of resources, qualification and experience of staff of the
Company’s accounting and financial reporting function, and their training
programme and budget.
During the year, the Company has engaged external independent
professionals to assist in its review on the operation of individual divisions
of the Group and in its assessment of the effectiveness of Group’s
internal control systems and risk management procedures in its major
business and operational processes. The Company has established an
internal control review plan to cover its major internal control systems
covering areas including operational control, financial control and
compliance control. Recommendations for further improvements have
been reported to the Audit Committee and the Audit Committee has,
in turn, reported the same to the Board together with its assessment
and recommendations. Such recommendations have been or are being
followed up by management. The Company is committed to maintain
an effective internal control system and will make sure that adequate
resources and management attention will be devoted to strengthen its
internal controls and risk management procedures.
Recognizing the importance of internal controls and risk management
procedures, the Group has initially set up an internal audit department with
the assistance of external independent professionals in establishing internal audit
procedures and in provision of appropriate training to the relevant personnel.
Remuneration of External Auditors
The Group’s independent external auditors are Ernst & Young, Certified
Public Accountants. During the year, the annual audit fees and non-audit
fees payable/paid by the Group to Ernst & Young were RMB5,100,000
and RMB1,869,000 respectively.
5,100,0001,869,000