Governance
Corporate governance remains at the heart of KPS Berhad, given its significant importance to value creation.
Our Commitment
Upholding good corporate governance
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Organisation Anti-Corruption Plan
KPS Berhad launched its Organisation Anti-Corruption Plan 2023-2026 (“OACP”). The OACP is a reflection of the company’s strong commitment to maintaining a corruption-free workplace and corruption-free engagements and dealings with all external parties. The plan looks at further strengthening the existing management approach with regard to anti-corruption, namely in the areas of procurement, governance, and human capital, all of which are essential to KPS Berhad’s business operations. The plan aims to drive action to identify potential weaknesses and to develop strategies to correct them. This OACP serves as a guiding framework that outlines KPS Berhad’s commitment to upholding the highest ethical standards, fostering a culture of transparency, and deterring any form of corrupt practices.
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Whistleblowing Policy
The strong anti-corruption stance is further reinforced through the implementation of a whistleblowing mechanism and Policy. The Whistleblowing Policy provides a mechanism for all stakeholders to raise concerns anonymously on any potential wrongdoing, including alleged corrupt practices, matters of unethical conduct/improper behaviour, and more.
All reports will be reviewed, investigated, and findings will be presented to the Board Governance Risk Committee (“BGRC”). Whistleblowers will be protected, and their identities will be kept confidential in accordance with the Whistleblower Protection Act 2020 (Act 711). Possible actions on the offending party may include warnings, suspensions, dismissals or being reported to the respective enforcement authorities.
Driving compliance and a corruption-free culture through the internal governance unit
KPS Bread has also established a dedicated Integrity and Governance Unit (“IGU”). The IGU headed by the Chief Integrity & Governance Officer (“CIGO”) and assisted by the Associate Director of Integrity & Governance. The IGU reports periodically to the Board and Senior Management. The IGU’s tasks encompass the following:
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Regularly reviewing the existing ABC policy and SOPs, and recommending improvements in tandem with changes in legislation, or developments in the operating environment
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Conducting timely anti-corruption assessments across the Group to identify aspects of operation that may be prone to higher corruption risks
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Conducting employee awareness and education sessions in relation to corporate integrity and ethical behaviour
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Reviewing all anti-corruption related data Groupwide
Anti-bribery and corruption-related matters
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Anti-Corruption Assessment
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2021 |
2022 |
2023 |
|---|---|---|---|
| Total Number of Operations Assessed for Risks Related to Corruptions | NA | 15 | 15 |
| Percentage of Operations Assessed for Risks Related to Types of Corruption (%) | NA | 60 | 62.5 |
| Significant Risks Related to Corruption Identified Through the Risk Assessment | NA | NA | 0 |
NA: Not Available
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Anti-Corruption Training Performance
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2021 |
2022 |
2023 |
|---|---|---|---|
| Total Number of Board of Directors | 8 | 8 | 8 |
| Number of board of Directors who have Received Training on Anti-Corruption | NA | NA | 2 |
| Percentage of Board of Directors who have Received Training on Anti-Corruption (%) | NA | NA | 25 |
| Number of Hours Board of Directors have Received training on Anti-Corruption | NA | NA | 2 |
NA: Not Available
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Percentage of Employees who have Received Training on the Anti-Corruption, by Employee Category (%)
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2021 |
2022 |
2023 |
|---|---|---|---|
| Senior Management | NA | NA | 14 |
| Management | NA | NA | 28 |
| Executive | NA | NA | 47 |
| Non-executive | NA | NA | 11 |
NA: Not Available
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Anti-Corruption Training Performance
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2021 |
2022 |
2023 |
|---|---|---|---|
| Total Number of Confirmed Incidents of Corruption | 0 | 0 | 0 |
| Actions Taken in Dealing with Confirmed Incidence(s) of Corruption in the Company (If Any) | 0 | 0 | 0 |
| Total Number of Confirmed Incidents in which Employees were Dismissed or Disciplined for Corruption | 0 | 0 | 0 |
| Total Number of Confirmed Incidents when Contracts with Suppliers & Contractors were Terminated or Not Renewed due to Violations Related to Corruption | 0 | 0 | 0 |
| Cost of Fines, Penalties, or Settlements in Relation to Corruption (RM) | 0 | 0 | 0 |
NA: Not Available
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Number of Grievance Cases
0
grievance cases reported -
Number of Data Breaches
0 substantiated data breach cases
from stakeholders, directly or indirectly mentioned the KPS Berhad Group
