Upholding Good Governance and Economic Resilience Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 107 1 Verbally to the Chairman of the AC, followed by submission of the Whistle-Blower Form; 2 Emailing a completed Whistle-Blower Form to whistleblowing@pressmetal.com; or 3 Sending a completed Whistle-Blower Form to the Chairman of the AC via mail. Upon receipt of a Whistle-Blower Form, a thorough investigation will be initiated, led by a designated investigator — typically from our internal auditors — unless specific instruction is provided by the Chairman of the AC. The investigator’s impartiality and independence are essential to maintaining fairness, credibility and compliance with legal standards throughout the investigative process. On an annual basis, the AC provides the Board with a report on whistle-blowing matters to support transparency. Stakeholders can utilise the whistle-blowing channels with confidence, as the policy safeguards against retaliation, threats, or intimidation, in line with Malaysia’s Whistleblowers Protection Act 2010. Anti-Bribery & Anti-Corruption Policy Press Metal maintains a strict zero-tolerance stance towards bribery and corruption. As outlined in our ABAC Policy, this policy defines corrupt practices and mandates comprehensive procedures for risk assessment, employee training and corruption reporting. The AC plays an important role in supporting the Board to ensure adherence to the ABAC Policy, exercising diligent oversight of financial reporting, audits, transactions, conflict of interest issues and risk management. To maintain alignment with regulations, such as the Malaysian Anti-Corruption Commission (Amendment) Act 2018 (“MACC Act 2018”), the ABAC Policy undergoes periodic reviews, upholding its relevance and robustness. The Internal Audit Department evaluates the effectiveness of our risk management and control systems, focusing on the areas identified in the annual audit plan. At the entity level, Human Resource (“HR”) departments are responsible for the implementation and communication of the ABAC Policy. Each HR department educates staff on the ABAC Policy through a variety of methods, including training sessions, and requires employees to sign a compliance declaration, backing their commitment to upholding anti-corruption standards. Any non-compliance or identified risks must be reported promptly to management and the AC. Depending on its severity, non-compliance may result in staff termination, contract termination for external parties, or legal action if the Group’s interests are harmed. Proven instances of bribery or corruption will be referred to the relevant authorities. Stakeholders are encouraged to report any suspected violations promptly through the Group’s Whistle-Blowing channels. Anti-Bribery & Anti-Corruption across our Operations Press Metal enforces strict internal controls through a multi-level approval process, including a three (3)-tier financial transaction review. This control system involves the performer, checker and approver, enhancing integrity and transparency in all financial decisions. This approach provides an important check-and-balance mechanism, enabling the prompt identification and addressing of potential corruption-related risks. Our commitment extends beyond internal processes and procedures to encompass proactive risk management across our supply chain. Our ABAC Policy applies to all third-party providers, as outlined in our Supplier Code of Conduct (“SCoC”), with expectation for compliance for all suppliers, consultants, contractors and service providers. The Purchasing Department is responsible for overseeing compliance, investigating non-compliance and monitoring corrective actions. Where lapses are found, unresolved issues may potentially lead to a reassessment or termination of supplier relationships. New employees will be introduced to these Codes during their induction, and all staff are encouraged to participate in ongoing learning through an e-learning platform, which is accessible at all times, to reinforce their commitment to these ethical standards. Any illegal or unethical behaviour must be reported to superiors, and violations will be thoroughly investigated. Where violations are confirmed, appropriate actions will be taken. Whistle-Blowing Policy The Whistle-Blowing Policy provides a formal, anonymous, and confidential mechanism for both internal and external stakeholders to report, in good faith, any misconduct or illegal activities, including violations of the CoC and CoE, corruption, bribery, and threats to health and safety. The policy also allows for the reporting of allegations or suspected improper activities that breach our standards of integrity and fairness, as well as incidents related to human rights violations and malpractice. The Whistle-Blowing Policy is periodically reviewed to ensure its relevance and alignment with current regulatory standards. Whistle-blowing report can be made through three (3) designated channels:
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