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BUSINESS SECTORS
Facilitating the Nation’s
Corporatisation Journey
The government is currently taking steps to
corporatise selected governmental services
and infrastructures. International research has
shown that both the public and the organisation
benefit when services are corporatised as the
new entity can drive growth through innovation
in a business-oriented structure.
Examples of successful corporatisation or public
private partnership initiatives include Print Plus
Sdn Bhd, previously the Government Printing
Department; Muara Maritime Services Sdn Bhd
and Muara Port Company Sdn Bhd.
Building Capability
Continuously building capability in its processes
and systems within the organisation, the DA
Group of Companies is at the heart of Darussalam
Assets. To ensure best practices, fundamental
‘pillars of growth’ have been established which
include the adoption of corporate governance,
compliance to International Financial Reporting
Standards (IFRS), implementation of an
enterprise resource planning (ERP) system and
the development of a human capital development
strategy. These were designed and established
to create a solid foundation to facilitate positive
change.
The Board of Darussalam Assets is committed to
ensuring that Darussalam Assets aims for, and
achieves, the highest standards of corporate
governance. The company prides itself for
adopting its own code of corporate governance,
and continuously updates its policies and
procedures so that it is best in class. This
demonstrates that Darussalam Assets has, and
will maintain, global governance standards that
support and underpin the organisation’s, and the
country’s, overall business strategy.
Through compliance to IFRS standards,
Darussalam Assets has embraced the gold
standard of accounting and timely financial
reporting to monitor performance and make
smart, fact-based investment decisions. In its
IFRS journey, Darussalam Assets has built a
network of key finance professionals across the
DA Group of Companies, achieving milestones
such as group-wide completion of the IFRS
accreditation programme.
Additionally, DarussalamAssets has successfully
implemented the ERP system on a large scale.
This has given rise to accurate and timely data
retrieval, enhanced business intelligence and
performance measurement, not just for the
organisation, but the DA Group as a whole.
Darussalam Assets’ focus on human capital
development is integral to developing a
performance-based culture supported by
learning programmes and the automation of
human resource processes. In February 2020,
Darussalam Assets embarked on a journey to
launch a learning management system (LMS)
called DArjah.
DArjah is a software application for the
administration,
documentation,
tracking,
reporting and delivery of education courses,
training programmes, or learning and
development programmes. Since its introduction,
DArjah has been implemented across the DA
Group of Companies in phases.
Community Matters
Darussalam Assets is committed to fostering
a socially responsible corporate environment.
Among its initiatives includes being a benefactor
of Pusat Ehsan’s ‘Special Needs Student
Adoption Scheme’ for four consecutive years.
Other activities include organising a donation
drive for underprivileged families during the holy
month of Ramadhan.