Anti-Bribery and Anti-Corruption Policy
MESSAGE FROM THE CHAIRMAN
Eco World Development Group Berhad and its subsidiaries (collectively, “EcoWorld”) adopt a zero-tolerance approach to bribery and corruption in all its forms.
EcoWorld is committed to complying with all applicable laws and regulations of the countries in which it operates and to applying high standards of conduct and integrity in our business activities whether in Malaysia or overseas. We are serious about building a culture of accountability, ensuring investor confidence and maintaining good corporate governance. This has become more important than ever given the seriousness of the harm caused by bribery and corrupt practices and the emergence of anti-bribery and anti-corruption legislations across the world.
Bribery and corruption are detrimental to business. It undermines the rule of law, tarnishes government’s credibility, and curtails free and fair competition, affecting the economy at large. Our Malaysian laws impose strict fines and imprisonment to the offender as well as if it is a commercial organisation, its directors and persons related to its management of affairs. Failure to comply may also result in dismissal (if you are an employee), termination of contract and claim for damages (if you are a business partner) and EcoWorld may suffer business disruption, financial and reputational loss.
The Anti-Bribery and Anti-Corruption Policy (“Policy”) (below) sets out EcoWorld’s approach in combating bribery and corruption and where applicable, it should be read in conjunction with EcoWorld’s other standard operating procedures and policies. If there is any conflict or inconsistency, the stricter provision shall prevail.
Having a clear and unambiguous understanding of the Policy is an important part of our risk management system and we expect all our officers, employees and business partners to conduct themselves in accordance with the Policy. If you are in doubt or have any queries about the scope and application of the Policy or our anti-bribery and anti-corruption framework, please contact our Integrity Team (firstname.lastname@example.org) immediately.
Thank you for your support and commitment.
Tan Sri Dato’ Sri Liew Kee Sin