CODE OF ETHICS FOR DIRECTORS

A. PRINCIPLE

The principle of this Code is to uphold sincerity, integrity, responsibility and corporate social responsibility.

 

B. PURPOSE

This Code of Ethics is formulated to enhance the standard of corporate governance and corporate behaviour with the intention of achieving the followings

  1. To establish a standard of ethical behaviour for directors based on trustworthiness and values that can be accepted, are held or upheld by any one person.
  2. To uphold the spirit of responsibility and social responsibility in line with the legislation, regulations and guidelines for administrating a company.

 

C. DEFINITION

In the context of this code, director includes both executive and non-executive directors.

 

D. CODE OF ETHICS

The director should at all times observe the following codes:

  • A clear understanding of the objective and purpose, capabilities and capacity of the Company;
  • Devote time and effort to attend meetings with well prepared on all the proposals as presented in Board papers;
  • Ensure at all times that the Company is properly managed and effectively controlled;
  • To stay abreast of the affairs of the Company and be kept informed of the Company’s compliance with the relevant legislation and contractual requirements;
  • Insist on being kept informed on all matters of importance to the Company in order to be effective in corporate management;
  • Limit his directorship of companies to a number in which he can best devote his time and effectiveness; each director is his own judge of his abilities and how best to manage his time effectively in the company in which he holds directorship;
  • Have access to the advice and services of the Company Secretary, who is responsible to the board to ensure proper procedures, rules and regulations are complied with;
  • At all times exercise his powers for the purposes they were conferred, for the benefit and prosperity of the Company;
  • To disclose immediately all contractual interests whether directly or indirectly with the Company;
  • Shall not use their personal power that might be associated with or construed as bribery or corruption. Directors must at all times comply with all provisions of the Malaysia Anti-Corruption Commission Act (MACC) 2009, Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 and other applicable law impose by the Government from time to time.
  • At all times to act with utmost good faith towards the Company in any transaction and to act honestly and responsibly in the exercise of his powers in discharging his duties;
  • Directors should maintain the confidentiality of information entrusted to them by the Group and any other confidential about the Group that comes to them, from whatever source, in their capacity as a director. Unless required by law or authorised by the Group, Directors shall not disclose confidential information or allow such disclosure or use confidential information for unauthorised purposed. This obligation continues beyond the termination of employment.
  • To exercise independent judgment and objectively and, if necessary, openly oppose if the vital interest of the Company is at stake.
  • Give a fair and balance view. Give equal opportunity to all Board Members to deliberate all proposals rationally before put to vote.

 

Reviewed by the Board on 25 November 2019

 

 

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