Anti-Bribery and Corruption (¡°ABAC¡±) Policy Statement
The ABAC Policy apply throughout Asmech Holdings and its subsidiaries (collectively, "the Group") and reflects our unequivocal commitment to conducting business with the highest standards of integrity, transparency, and accountability. They emphasize the following principles:
- Zero Tolerance: The Group has a zero-tolerance policy towards all forms of bribery and corruption, making compliance a mandatory condition of employment and doing business with the Group.
- Legal Compliance: The Group is committed to full compliance with the Malaysian Anti-Corruption Commission Act 2009 (MACC Act 2009) and all applicable anti-corruption laws in the jurisdictions where we operate.
- Gifts, Entertainment, and Hospitality (GEH): All GEH must be reasonable, transparent, and never offered or accepted to improperly influence business decisions. The giving or receiving of cash or cash equivalents (e.g., gift cards, vouchers) as a gift is strictly prohibited.
- Third-Party Engagement: All Third Parties and Associated Persons will undergo a mandatory risk-based due diligence process. The contracts will contain specific anti-bribery clauses requiring compliance to ("ABAC") policy.
- Conflict of interest is not tolerated. Any actual, potential, or perceived conflict must be immediately disclosed to the ABAC Function.
- Reporting Misconducts: Personnel and external parties are encouraged to report suspected misconduct via the Whistleblowing Policy, with a guarantee of non-retaliation. Non-compliance will result in disciplinary actions, and potential contract termination or legal action for external parties. When in doubt, please consult your Head of Department or the whistleblower channel at compliance@asmechholdings.com