MSM Malaysia Holdings Berhad Annual Report 2020

INTERNAL POLICIES, PROCEDURES AND GUIDELINES a) Establishment of MSM Group’s Limit of Authorities (LOA). b) Revision of Financial Closing and Reporting Requirement Policy, Investment Policy and Property, Plant and Equipment Policy c) Establishment of Anti-Bribery Policy Statement • The Anti-Bribery Policy Statement has been approved on 15 June 2020 (revised on 05 March 2021) and been uploaded in the web ( http://www.msmsugar.com/our-company/corporate-governance) . • The policies involved as follows: Whistleblowing Policy (WB) Asset/Personal Declaration Interest Policy (APID) External Gift, Entertainment and Hospitality Policy (External GEH) Sponsorship and Donation Policy Code of Business Conduct Ethics for Employees (COBCE) d) Adequate procedure Education and awareness programme The education and awareness programme has been conducted starting March, 2020 until July, 2020 in which the scope of training covered the following: • Understanding on Corporate Liability (Latest MACC (Amendment) Act 2018 Section 17A) • Understanding Guidelines on Adequate Procedures • Whistleblowing • ISO 37001 Anti-Bribery Management System MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 120 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT