Market Turnover
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Effective Internal Controls
Putting in place and maintaining an effective internal control system is fundamental to an issuer’s successful operation. Internal controls assist an issuer in managing risks significant to its business and provide assurance that an issuer will be able to achieve targets.

The Board may delegate aspects of the internal control review to board committees such as the Audit Committee or Risk Management Committee. The Board remains ultimately responsible for the issuer’s system of internal control and setting the right tone from the top to ensure the internal controls are implemented properly and operated effectively.

The Board has to confirm to shareholders that it has conducted an annual assessment of the internal controls’ effectiveness in the Corporate Governance Report.
Elements of Internal Control Systems

There can be no “one-size-fits-all” approach to internal controls or universal checklists. Internal controls should cover the issuer’s entire range of activities and operations (including that of its subsidiaries).

Our Guidance Materials
The Exchange has developed training and published comprehensive guidance materials on risk management and internal controls. External resources provide additional guidance on these subjects.

Publication and Training
External Resources