GIFT GIVING AND RECEIVING, ENTERTAINMENT, HOSPITALITY All gifts, 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 our ABAC policy at https://www.myeg.com.my/investor-relations/governance. GOVERNANCE IN SUPPLY CHAIN COMPLIANCE MYEG is determined to remove any aspects of corruption not only within its own organisation, but throughout the Group’s supply chain as well. MYEG’s supply chain would include several parties namely the vendors, suppliers, contractors and agents. To ensure that supply chain participants understand MYEG’s ABAC policies, a Code of Business Ethics - Acknowledgement and Declaration form would be required to be complied with and signed by these third-party business partners. Certain safeguards are also in place to further reinforce MYEG’s ABAC policy. For instance, the Group established a Vendor Evaluation Committee that specifically focuses on corruption within the supply chain. Logistic officers involved in handling road taxes and foreign worker permits are also put through extensive ABAC Policy training. 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. Other safeguards include 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. The Group’s tender process also involves visitation of vendors’ business premises, when it is necessary and feasible to do so. For MYEG, a wide range of different acts fall under the category of what is deemed as a corrupt practice. Examples include elements of bribery, gifts, receiving favours of any kind, misuse of power, theft, fraud, forgery of documents, money laundering, blackmail, using insider information for personal gain, and so forth. MYEG’s policies also address ESG factors such as anti-corruption, child labour, forced labour, occupational safety and health (“OSH”), minimum wage, gender and racial discrimination, equal opportunities, excessive working hours, collective bargaining, freedom of association, energy use, climate change impacts, water and resource use, biodiversity impacts, waste management and notable environmental issues. The Group holds a firm stance on its ABAC policy and any non-compliance will not be accepted given that all parties have been provided with pertinent knowledge of the Group’s policies. Any breach of MYEG’s policies will be subjected to appropriate consequences and actions being taken. IDENTIFICATION OF HIGH-RISK SUPPLIERS MYEG continues to persistently identify high-risk suppliers in the supply chain, if any, in regard to the suppliers’ purchase value, critical item suppliers and sole suppliers from the annual purchase analysis. High-risk suppliers are identified due to the nature of items they are supplying, such as IT hardware and software, kiosks, COVID-19-related project equipment as well as renovation and maintenance works. SUSTAINABILITY GOVERNANCE (cont’d) 72
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