68 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) MYEG remains aware of the higher risk of its Procurement and Logistics personnel, and therefore consistently require the personnel to undergo internal assessments as well as sign a document to signify their acknowledgement of the Group’s ABAC Policy. These assessments also allow the Group to thoroughly evaluate, and subsequently rectify, any procedural gaps regarding anti-corruption framework implementation within the organisation. In FY2023, MYEG updated its risk assessment for high-risk departments, which is reported quarterly to the Risk Committee. MYEG remains an apolitical organisation, and thus does not favour or promote any political party. MYEG has not made donations to any political party. Nonetheless, MYEG may occasionally take part in CSR-driven charitable or nationbuilding events organised by the government or other public entities. MYEG also, has not, and will not, condone any form of corruption. In FY2023, there were zero incidences of corruption at MYEG. GIFT GIVING AND RECEIVING, ENTERTAINMENT, HOSPITALITY Any gift, entertainment, hospitality provided to the Group or received by employees shall be authorised, processed, and recorded in accordance with internal policies and procedures established by the Group. Employees must avoid giving or receiving gifts which may be construed as bribes or could elicit biased judgement in business relations. No gift shall be given to any officer of a public entity or external corporation on the Group’s behalf. The Group and its employees do not give or receive gifts apart from gifts due to customary business or cultural occasion and corporate gifts which are subjected to applicable internal policies and procedures. The Group and its employees are strictly prohibited from giving or receiving gifts in the form of cash or loans. The Group and its employees can only provide entertainment and hospitality in the form of food and beverage which shall be appropriate and moderate. More info about MYEG’s policy on gift giving and receiving, entertainment and hospitality can be found in the Group’s ABAC policy at https://www.myeg.com.my/investor-relations/governance. SUPPLY CHAIN GOVERNANCE AND COMPLIANCE MYEG is committed to eradicating any elements of corruption not only within its own organisation but also across the Group’s supply chain. The supply chain involves various parties, including vendors, suppliers, contractors, and agents. To ensure that participants in the supply chain comprehend MYEG’s ABAC policies, a Code of Business Ethics - Acknowledgement and Declaration form is mandated. Third-party business partners are required to comply with and sign this form, reinforcing their commitment to uphold MYEG’s ABAC standards. More safeguards are also in place to further reinforces MYEG’s ABAC policy: r The Group established a Vendor Evaluation Committee that specifically focuses on corruption within the supply chain. r Logistic officers involved in handling road taxes and foreign worker permits are also put through extensive ABAC Policy training. r MYEG also makes periodic audits on supply chain partners, and any entity within the chain that is found not complying with MYEG’s ABAC Policy will be blacklisted and restricted in terms of access to MYEG. In some cases, contract termination and legal action may be taken. r Inclusion of the requirement for at least three quotations to be obtained for all business transactions and all business contracts under MYEG are required to attach the official copy of MYEG’s ABAC Policy. Acknowledgement of this document is mandatory to ensure business partners are fully against corrupt practices and MYEG can continue to maintain good corporate governance. r The Group’s tender process also involves itself visiting its vendors’ business premises, when it is necessary and feasible to do so. SUSTAINABILITY GOVERNANCE (cont’d) MYEG i f h hi h i k f i P d L i i l d h f i l i
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