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No to Bribery and Corruption
We are committed to transparent and fair business
practices and have a zero-tolerance policy on bribery
and corruption. We believe that this is the best way
of earning respect and being listened to, both in the
marketplace and by regulators who we have to engage
with on a regular basis.
Corporate values which emphasise ethical behaviour
are set out in the Management Handbook and our
Code of Conduct. All employees are made aware of our
Code of Conduct on a regular basis. Those who face
external stakeholders, such as regulators, suppliers
or customers are expected to comply with our strict
policy on gifts and entertainment. GAB employees
are not allowed to receive or offer gifts of cash or
cash equivalents. GAB discourages the acceptance of
gifts by employees, except where it is clearly related
to a business purpose. Employees who receive gifts
worth more than RM500 must report it to their line
manager and all gifts to or from Government must
be registered in a central gift register. Our Vendor
Code of Conduct requires all our suppliers to disclose
any gifts or favours requested, or other questionable
behaviour exhibited by employees of GAB. Such
disclosure should be made in writing to the Human
Resources Director.
Although we have not identified bribery and
corruption as a major risk and have not had any
reported cases in recent years, we understand that
it is every company’s obligation to combat corruption
in all forms. To ensure compliance, we have therefore
developed a whistle-blowing procedure, to provide
an avenue for employees to report any breach, or
suspected breach, of any law or standards in the Code
of Conduct or any of our policies and procedures, in
a safe and confidential manner. All complaints are
investigated and breaches can lead to disciplinary
measures, including dismissal. In FY2011, we did
not have any reported breaches related to bribery,
but one employee was dismissed as a result of
embezzlement.
To ensure we are free of conflicts of interest, we do
not make financial contributions to political parties
or political causes, neither directly nor indirectly
through our Foundation.
We are committed to transparent and fair business practices
and have a zero-tolerance policy on bribery and corruption.
We believe that this is the best way of earning respect and
being listened to, both in the marketplace and by regulators
who we have to engage with on a regular basis.
G U I N N E S S A N C H O R B E R H A D
( 5 3 5 0 - X )
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