ASSAR Group

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ABC Notice

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ASSAR GROUP ANTI-BRIBERY AND ANTI-CORRUPTION POLICY NOTICE


ASSAR Group of Companies (“the Group”) is committed to conduct its business dealings in an honest and ethical manner. To achieve this commitment, the Company adopts a zero tolerance approach against all forms of bribery and corruption in conducting its business. The Group complies with the Malaysian Anti-Corruption Commission Act 2009 (Amended 2018) as well as other applicable laws, regulations and guidelines where the Group operates.


The Group is guided by the ASSAR Group Anti-Bribery & Anti-Corruption Policies (“the ABC”) which includes policies, procedures, pre-approval processes, risk assessments, due diligence, director and employee training programmes. All members of the Board of the Directors, employees, associated person and third parties must uphold the highest level of integrity and accountability in discharging their duties to ensure that business activities are conducted in compliance with the ABC Policy.


All members of the Board of the Directors, employees, associated person and third parties are strictly prohibited from the following activities:

  • Receiving and offering bribes or participate in any form of bribery and corruption in its business dealing;
  • Receiving (accepting) or offering (giving) any form of gifts, entertainment and corporate hospitality, whether directly or indirectly with the intention to bribe, to retain or gain a business advantage, or for personal gain;
  • Corporate Social Responsibility (CSR), donations and sponsorships made to improperly influence business outcomes;
  • Donating or offering political contributions whether in monetary or non monetary form; and
  • Making any form of facilitation payments.

Disciplinary actions may be taken against an offender and the Group reserves the right to terminate any relationships with the third parties for breaches of the ABC including reporting to relevant authorities, where investigations confirm corruption.


Reporting of policy violations


Members of the Board of the Directors, employees, associated person and third parties who encounter actual or suspected violations of this Policy are required to promptly report their concerns in good faith without malicious intent.


A reporting channel has been put in place which serves as an avenue for confidential reporting of any non-compliance to the ABC and which protects the complainant from any eventuality of retaliation. The dedicated email set for this purpose is at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Further clarifications


Should you require further clarification with regards to the scope of the applicable laws or application of the ABC, you may consult the Integrity Officer or Head of Department of Legal /Human Resource and/or the Management of ASSAR Group.


Please click here for ASSAR Group ABC Policy and Procedures.

 

Last Updated on Monday, 26 February 2024 12:14