Overview
Anti-bribery and Corruption Policy
INTRODUCTION
KPS Berhad takes a zero-tolerance approach towards bribery and corruption, and is committed to behaving professionally, fairly and with integrity in all business dealings and relationships wherever KPS Berhad and its subsidiary companies operate, implementing and enforcing effective systems to counter bribery and corruption.
PURPOSE
Anti-Bribery and Corruption Policy (the “Policy”) intends to fulfil the requirements set forth in the Guidelines on Adequate Procedures issued on 10 December 2018 by the Prime Minister’s Office pursuant to subsection (5) of section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Act 694) (MACC Act 2009), as stated in the Malaysian Anti-Corruption Commission (Amendment) Act 2018 (MACC Amendment Act 2018).
SCOPE
This policy is applicable to KPS Berhad, its controlled organisations, business associates acting on KPS Berhad’s behalf, the Board of Directors and all KPS Berhad employees.
GUIDING PRINCIPLES
This Policy establishes the overarching principles and commitment to action for KPS Group with respect to complying with the requirements and obligations imposed under Malaysian Anti-Corruption Commission Act 2009 (MACC) Act 2009 and Guidelines on Adequate Procedures issued pursuant to subsection (5) of Section 17A of MACC Act 2009, which include amongst others, the five guiding principles under TRUST acronyms:
- Top level commitment
- Risk Assessment
- Undertake control measures
- Systematic review, monitoring and enforcement
- Training and communication
ASPECTS
- Gift, Entertainment and Corporate Hospitality
- Political Contributions
- Facilitation Payment
- Money Laundering
- Conflicts of Interest
- Dealing with Third Parties
- Mergers, Acquisitions and Investments
- Recruitment of Employee
- Record Keeping
