A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) 8. Code of Conduct, Code of Ethics, Code of Business Ethics and Conflict of Interest Policy. The Group has established a Code of Conduct, Code of Ethics, and Code of Business Ethics to promote a corporate culture that encourages ethical conduct that permeates throughout the Group. Whereas, the Board is focused on the creation that imbues this culture throughout the Group. The Code of Conduct is based on principles of trust, integrity, responsibility, excellence, loyalty, commitment, dedication, discipline, diligence and professionalism. The Code of Ethics is based on the principles of sincerity, integrity, transparency, accountability and corporate social responsibility. The Code of Business Ethics sets out the standards of ethical business practices and conduct that the Group expects from all business associates. The Group uphold these principles and values its dealings with employees, customers, suppliers, and business associates. The Directors, officers, and employees of the Group are required to observe, uphold and maintain high standards of integrity in carrying out their roles and responsibilities and to comply with the relevant laws and regulations as well as the Group’s policies. Ongoing training on the Code of Conduct, Code of Ethics, Code of Business Ethics and general workplace behaviour is provided to the Group’s employees to ensure that they continuously uphold high standard of conduct while performing their duties. In line with the Malaysian Anti-Corruption Commission (Amendment) Act 2018, the Group has established an Anti-Bribery and Anti-Corruption Framework that sets out the Group’s stance against bribery and corruption and adequate procedures for managing bribery and corruption risks in the Group’s businesses, regardless of the country of operation. Following the establishment of the Anti-Bribery and Anti-Corruption Framework, the Group has adopted the Anti-Bribery and Anti-Corruption Policy and Anti-Bribery Procedures for Managing Stakeholders. The Company promotes high standards of care, skill and fair dealing to ensure that conflict of interest is properly managed and mitigated to achieve the Group’s business standards. In pursuit of this, the Company had on 28 February 2024, adopted the Conflict of Interest Policy. This policy outlines the disclosure obligations of each Director and Key Senior Management of the Group with respect to conflict of interest in an effective manner. The Company’s Conflict of Interest Policy is periodically reviewed and updated as and when necessary. In addition, the agenda with regards to disclosure of interest in contracts, conflict of interests or potential conflict of interests, proposed contracts and property is a fixed agenda for our quarterly Board meetings to serve as a reminder for Directors to disclose any conflict of interests or relationships that could affect the execution of their role as Director of the Company. Notices on the closed period for dealing in the MYEG Shares are sent to Directors and Senior Management and the relevant employees on a quarterly basis specifying the timeframe during which they are prohibited from dealing in MYEG Shares, unless they comply with the procedures for dealings during closed period as stipulated in the MMLR of Bursa Securities. A copy of the Code of Conduct, Code of Ethics and Code of Business Ethics, Anti-Bribery and Anti-Corruption Policy, Anti-Bribery Procedures for Managing Stakeholders and Conflict of Interest Policy can be found on the Group’s website at https://www.myeg.com.my/investor-relations/governance. 9. Whistle Blowing Policy and Procedures The Group has adopted a Whistle Blowing Policy as the Board believes that a sound whistle blowing system will strengthen good management, and at the same time, demonstrate accountability, good risk management and support sound corporate governance practices. The policy encourages the reporting of any major concerns over any wrongdoings within the Group. The policy outlines the relevant procedures such as when, how and to whom a concern may be properly raised about genuine or suspected instances of wrongdoing at the Group. The identity of the whistleblower is kept confidential, and protection is accorded to the whistleblower against any form of reprisal or retaliation. All such concerns shall be set forth in writing and forwarded in a sealed envelope to either the Chairman of the AC, the Group Managing Director or Head of the Human Resource Department. CORPORATE GOVERNANCE STATEMENT (cont’d) 140 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) BOARD LEADERSHIP AND EFFECTIVENESS
RkJQdWJsaXNoZXIy NDgzMzc=