Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 41 CORPORATE GOVERNANCE REPORT Reporting and Communications This pillar delineates the external and internal reporting requirements to ensure a timely disclosure of information for management decisions and compliance with regulatory requirements. 1 To maintain communication efficiency, progress reports of major Boards and Committees were submitted to the Council on a regular basis to ensure work progress and high-level strategic issues were brought to the attention of the Council in a timely manner 2 Report on CIC Sponsorship Applications for industry events held in 2024 3 Report on CIC Members cum Fellows Visit (MFV) Programme in 2023 4 Implementation of the roadmap towards Zero Carbon at the CIC – Zero Carbon Park 5 Finalisation of the CIC – Zero Carbon Park Business Plan 2025 6 Formulation of the Focus Areas of 3-Year Strategic Plan for the CIC 7 Finalisation of the 2025 Major Key Performance Indicators of the CIC Corporate Citizenship Corporate citizenship is embedded to demonstrate the CIC’s commitment to contribute to build a caring society. There are three main areas, namely “Environment”, “Charitable Activities” and “Volunteerism”. 1 Launch of the “Energising Programme”, encouraging full-time staff to take part in activities related to “environment”, “charitable activities” and “volunteerism” 2 Promotion of low carbon living and sustainability 3 Continuing to promote participation in charitable activities and volunteer services Organisation Structure and Business Processes It illustrates the functions and operations of the CIC with clearly defined roles and responsibilities as well as reporting structure. 1 Appointment/re-appointment of Chairperson/ Members to the Construction Industry Training Board and the Construction Workers Registration Board 2 Establishment of Adviser appointment mechanism to the major Industry Development Committees 3 Enhancements to the appointment mechanism for the Industry Development Committees 4 Optimising the List of Specified Bodies of the Committee on Registered Specialist Trade Contractors Scheme 5 Revising the Procurement Manual of the CIC Risk Management and Controls It aims at analysing factors which may hinder the CIC from achieving its vision and mission. There is internal audit, statutory audit as well as budgeting and financial management to direct the appropriate behaviour. A dedicated risk management mechanism is established to lay down a defined way to assess risks. 1 Formulating a risk-based internal audit plan 2 Developing the Whistleblowing Policy 3 Organising training sessions on Personal Data Privacy for all staff 4 Organising training sessions on cybersecurity for all staff