Anti-Bribery And Corruption Policy

Approved by the board of Gopeng Bhd on 26 November 2020



INTRODUCTION

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OBJECTIVE

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OUR COMMITMENT

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SCOPE AND COVERAGE

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OVERVIEW OF MACC ACT

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GOPENG BERHAD POLICY

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WHERE TO FIND HELP/ REPORTING CHANNEL

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FURTHER CLARIFICATIONS

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INDEPENDENT AUDIT

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POLICY REVIEW

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INTRODUCTION

Bribery and corruption means any action that would be considered as an offence of The Malaysian Anti-Corruption Commission Act 2009 (“MACC Act” or “the Act”) which came into force on 1 January 2009 was aimed as a catalyst to prevent corruption in Malaysia. In 2018, the MACC (Amendment) Act 2018 was gazetted and the principle of commercial organisation’s criminal liability (corporate liability) was introduced in Section 17A of the Act. The Malaysian Anti-Corruption Commission has stated that the corporate liability provision of the MACC Act will be in force as of 1 June 2020.

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OBJECTIVE

Pursuant to Guidelines on Adequate Procedures issued by the Government, the Anti-Bribery And Corruption Policy (ABAC) has been designed to provide the Company with a framework to establish the necessary measures to prevent the occurrence of corrupt practices in relation to the company’s business activities. The policy should thus be read in conjunction with the Company’s various policies & guidelines.

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OUR COMMITMENT

Gopeng Berhad (hereinafter, referred as GB) is committed to conducting business ethically and in compliance with all applicable laws and regulations in the country. Gopeng Berhad also upholds the highest standards of professional integrity and ethical conduct required of every directors, officer, employee and third parties who perform services for or on behalf of GB.

GB and all its employees are committed to comply with the Malaysian Anti-Corruption (MACC) Act 2009 (“MACC Act”), subsequent amendments to the Act and all guidelines issued by relevant authorities pertaining to the same.

This Policy aims to ensure that all Employees (defined below) and Associated Persons (defined below) of GB are aware of their obligation to disclose any corruptions, briberies, conflicts of interest or similar unethical acts that they may have and to comply with this Policy, to follow highest standards of ethical conduct of business.

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SCOPE AND COVERAGE

This Policy applies to GB and all its controlled organisations, the board of directors, all GB personnel including temporary and contract staff and other business associates acting on GB’s behalf. Anybody that falls under this scope and coverage would now be referred as Associated Persons of GB.

GB also expects that all parties in which GB is non-controlling to adopt similar principles on all business interactions with GB.

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OVERVIEW OF THE MACC ACT

The main offences under the MACC Act are:

  1. Soliciting or receiving gratification.
    Gratification, as defined in the MACC Act means:-
    1. Money, donation, gift, loan, fee, reward, valuable security, property or interest in property being property of any description whether movable or immovable, financial benefit, or any other similar advantage;
    2. Any office, dignity, employment, contract of employment or services, and agreement to give employment or render services in any capacity;
    3. Any payment, release, discharge or liquidation of any loan, obligation or other liability, whether in whole or in part;
    4. Any valuable consideration of any kind, any discount, commission, rebate, bonus, deduction or percentage;
    5. Any forbearance to demand any money or money’s worth or valuable thing;
    6. Any other service or favour of any description, including protection from and penalty or disability incurred or apprehend or from any action or proceedings of a disciplinary, civil or criminal nature, whether or not already instituted, and including the exercise or the forbearance from the exercise of any right or any official power or duty; and
    7. Any offer, undertaking or promise, whether conditional or unconditional , of any gratification within the meaning of any of the preceding paragraphs a) to:-
      • any person who solicits or receives or agree to receive (for himself or for any other person) or gives, promises or offers to any person any gratification as an inducement to or a reward for any person doing or forbearing to do anything;
      • any person accepts or obtains, or agrees to the same, any gratification as an inducement or reward for doing or forbearing to do, any act in relation to his principal’s affairs or business, or for showing or 5 forbearing to show favour or disfavour to any person in relation to his principal’s affairs or business commits an offence;
  2. Offering or giving gratification
    • any person who gives or agrees to give or offers any gratification to any agent as inducement or reward for doing or forbearing to do, or for having done or fordone to do the same in relation to his principal’s affairs or business, or for showing or forbearing to show favour or disfavour to any person in relation to his principal’s affairs or business;
  3. Intending to deceive
    • Any person who gives to an agent, or being an agent he uses with intent to deceive his principal, any receipt, account or other document in respect of which the principal is interested, and which he has reason to believe contains any statement which is false or erroneous or defective in any material particular, and is intended to mislead the principal;
  4. Using office or position for gratification (abuse of position);
  5. Failing to report when offered bribery
    • Any person to whom any gratification is given, promised or offered in contravention of MACC 2009 shall report the same.

Upon section 17A of the MACC Act coming into effect, a commercial organization commits an offence if a person associated to the commercial organization corruptly gives, agrees to give, promises or offers to any person any gratification whether for the benefit of that person or another person with intent :-

  • to obtain or retain business for the commercial organization; or
  • to obtain or retain an advantage in the conduct of business for the commercial organization

Where an offence is committed by a commercial organization, a person :-

  • who is its director, controller, officer or partner; or
  • who is concerned in the management of its affairs,

at the time of the commission of the offence, is deemed to have committed that offence unless the person proves that the offence was committed without his consent or connivance and that he exercised due diligence to prevent the commission of the offence as he ought to have exercised, having regard to the nature of his function in that capacity and to the circumstances.

Section 17A (6) defines a person associated as a director, partner, an employee or a person who performs services for or on behalf of the commercial organization.

In relation to anti-bribery and corruption, GB requires all Associated Persons to:

  • Act lawfully, ethically and in the public interest;
  • Prohibit bribery and corruption; and
  • Not tolerate illegal or unethical behavior by clients, suppliers or by public officials.
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GOPENG BERHAD POLICY

  1. Anti-Bribery and Corruption

    Bribery and corruption to GB’s activities is prohibited. Bribery and corruption may come in the form of anything of value such as money, services, property, privilege, employment position and preferential treatment.

    All Associated Persons are not permitted to pay, offer, accept or receive a bribe in any form. Associated Persons are strictly NOT allowed to:-

    • Offer, pay or give anything of value to any parties in order to obtain business or anything of benefit to GB.
    • Act illegally including bribes, blackmail, inducements, secret commissions, other rewards and similar improper actions.
    • Attempt to induce any parties to do something illegal, unethical and permit any parties to violate the rules.
    • Give some advantage inconsistent with law and wrongful or unlawful use of official position to procure some benefit or personal gain.
    • Corruptly give, promise or offer to any person gratification with the intent to secure business or an advantage for GB.
    • Offer, give, receive or solicit, directly or indirectly, anything of value to influence improperly the actions of another party.
  2. Conflicts of Interest

    Conflicts of interest occurs when an individual or organisation is involved in multiple interests, one of which could possibly corrupt, or be perceived to corrupt, the motivation for an act in another. A conflict of interest may be actual, potential or perceived and may be financial or non-financial.

    It is the responsibility of GB and all Associated Persons, that any ethical, legal, financial or other conflicts of interest be avoided and that any such conflicts (where they do arise) do not conflict with the obligations to GB.

    GB requires all Associated Persons to:

    • Avoid any situation or activity that compromises, or may compromise, their judgement or ability to act in the best interest of GB.
    • Avoid being in a position where their personal interests are in conflict (or could be in conflict) with the interests or business of GB.
    • Avoid engaging in activities that will bring direct or indirect profit, commercial or business advantages to the GB’s competitor.
    • Avoid acting in ways that may compromise GB’s legality.
    • Identify and disclose any conflicts of interest.
    • Carefully manage any conflicts of interest.
  3. Gifts, Hospitality and Travel

    Offering or receiving any gifts, hospitality and sponsored travel that may be perceived to unfairly influence a business relationship must be strictly avoided at all time. They should only be provided and received where they are appropriate, consistent with reasonable business practice, and would not be perceived to have any improper influence on the recipient.

    All Associated Persons should use good judgment in offering or receiving the above-mentioned. In determining whether a specific gift item lies within the bounds of acceptable business practice, Associated Persons are encouraged to discuss the issue with Talent, Interaction & Memories (“TIM”).

    All Associated Persons must not request, accept, offer or provide gifts or hospitality designed to induce, support or reward improper conduct in connection with any business or anticipated future business involving Gopeng Berhad.

    Associated Persons must never avoid their obligation to report or seek approval for any business gift by paying personally for it in circumstances where they would otherwise be required to report and/or seek approval for it.

    All giving of Gifts, Hospitality and sponsored Travel must get necessary approval from Superior and the Firm.

    All receipt of Gifts, Hospitality and sponsored Travel must be registered with TIM via gift registration link within 48 hours of receiving it or as soon as practically possible thereafter. All registration and/or declaration must be made in the Associated Persons’ best interests.

    In addition, when giving and/or receipt of Gifts, Hospitality, sponsored Travel or any other benefit directly or indirectly to or by the Associated Persons, the Associated Persons must make sure that it:

    • is aimed at nothing more than general relationship building;
    • could not be perceived as an attempt to gain influence in respect of any particular matter;
    • is lawful in the country in which made.
  4. Donations and Sponsorships, including Political Donations

    Donation and sponsorship means charitable contributions and sponsorship payments made to support the community. Associated Persons may only make or receive a charitable donation provided it has been subject to due diligence and management approvals and is appropriate in all the circumstances. No political donations or payments may be made.

    Donations can only be made if:

    • They are made in accordance with all legal requirements and there must not be any corrupt or criminal intent involved
    • They do not have or are perceived to have any effect on actions or decisions.
    • There must not be any expectation of any specific favour or improper advantages from the intended recipients.
    • The independent business judgment of the intended recipient must not be affected.
    • They do not create the appearance of impropriety or a violation of any local country legal requirements.
  5. Facilitation payments
    Facilitation payment is a payment or other provision made personally to an individual in control of a process or decision. It is given to secure or expedite the performance of a routine or administrative duty or function

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WHERE TO FIND HELP/ REPORTING CHANNEL

To encourage openness and transparency and in order to facilitate the reporting of potential or suspected violations of GB’s Policy or applicable laws, regulations or professional standards, including those relating to anti-bribery and corruption, GB has established an accessible and trusted whistleblowing channel, to raise concerns in relation to real or suspected corruption incidents or inadequacies.

GB will not permit retaliation of any kind against any Associated Person for making good faith reports about actual or suspected violation of this Policy.

If Associated Persons become aware of any actual or suspected breach of this Policy, they must report this to the mentioned whistleblowing channel via gopeng@gopeng.com.my immediately. The Employees in GB are not permitted to ignore, or fail to report, any suggestion of a bribe.

Proper investigation will be taken followed by appropriate action taken (if any).

The matters which may be reported would include (but are not limited to):

  • concerns about bribery and corruption.
  • concerns about any other criminal activity or failure to comply with legal obligations.
  • concerns about any conduct likely to damage GB’s reputation.
  • concerns about possible money laundering or sanctions breaches.
  • the deliberate concealment of any of the above matters.

If any of the relevant parties has any doubts or queries with regard to the application of this Policy, the relevant party may also contact the whistleblowing channel via:
gopeng@gopeng.com.my

Note: Failure to comply with this Policy may lead to Employees being subject to disciplinary action, up to and including dismissal.

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FURTHER CLARIFICATIONS

Should you require further clarification with regard to this Policy, you should consult TIM. Alternatively, you can email your queries to: gopeng@gopeng.com.my

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INDEPENDENT AUDIT

GB shall from time to time commission an independent audit on the Policy and applicable procedures and will update this Policy pursuant to the findings.

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POLICY REVIEW

GB reserves the right to amend, modify, suspend or terminate this policy at any time, with or without notice.

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