Page 29 - BCML AR 2019-20

FOR YEARS, BCML INVESTED IN A SERIES
OF CHECKS AND BALANCES CUSTOMISED
AROUND ITS NEEDS

A combination of manual and The Company has created a
automated controls created a management audit team to vet its
predictability of outcomes. preparedness and response to key
risk and the root cause analysis of
In a reinventing BCML, we are taking
this discipline to the next level. any lapses, which is presented to
the Board for validation or corrective
The Company has articulated the action.
over-riding importance of process The Company created a stronger
integrity outcomes, validating that architecture of checks within the
the means are more important than decision-making and implementation
the end.
processes with the objective to
The Company has covered virtually strengthen de-risking.
every function with SOPs, prescribing The result is that the BCML of today
the way that function has to be delivers a greater decision-making
addressed, coupled with the stability that assures the predictability
provision of a systemic alert in the of outcomes.
event of a deviation.

Creating process integrity

Adoption
Standardised of best Unified
process systems
practices

Easier root
Internal cause analysis
audit in case of break
downs

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