OUR POLICY & STANDARD OPERATING PROCEDURES
This document is issued pursuant to subsection (5) of section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Act 694) (“MACC Act 2009”), as stated in the Malaysian Anti-Corruption Commission (Amendment) Act 2018 (“Amendment Act 2018”).
The provision of section 17A under MACC Act 2009 (Amendment Act 2018) establishes the principle of a criminal liability (corporate liability) for the corrupt practices of its employees and/ or any person(s) associated with the organisation in cases where such corrupt practices are carried out for the organisation’s benefit or advantage.
The elaboration to this Policy is established under the IACSOP.
This SOP is issued pursuant to sub-section (5) of section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Act 694) (“MACC Act 2009”), as stated in the Malaysian Anti-Corruption Commission (Amendment) Act 2018 (“Amendment Act 2018”).
The provision of section 17A under MACC Act 2009 (Amendment Act 2018) established the principle of an organisation’s criminal liability (corporate liability) for the corrupt practices of its associated persons (i.e. the director, partner or an employee of the organisation or the person who performs services for or on behalf of the organisation) where such corrupt practices are carried out for the organisation’s benefit or advantage; whilst the organisation does not have adequate policy/ procedures on anti-corruption in place.
In conjunction to the above, MDV adopts the anti-bribery management process. The need to implement this process supports sustainable development goal by combating corruption. This further showcases MDV’s commitment in upholding the highest level of ethics and integrity in the daily conduct of doing the business.
This SOP is not intended to provide definitive answers to all questions regarding bribery and corruption. Rather, it is intended to provide employees with basic guidelines on how MDV combats bribery and corruption in furtherance to the Company’s commitment to lawful and ethical behaviour at all times.
This introduction covers MDV’s anti-fraud, corruption and money laundering (FCM) policy, who is affected by it, and who is responsible for it.
Whistleblowing can be described as the action of raising a concern, in confidence, about an improper conduct occurring within, or associated with an organisation. The improper conduct may relate to fraud and corruption, breach of MDV’s Code of Business Conduct, failure to comply with legal and statutory obligations, miscarriage of justice, abuse of power, discrimination, a criminal offence, endangering the health and safety, or concealment of any such matters.
The purpose of this Whistleblowing Policy and Procedures is to act as a guide to help employees to channel their concerns at the earliest opportunity, and in a responsible and effective manner, should they observe possible internal wrongdoing particularly unethical or illegal conduct.
The purpose of the Code of Conduct is to act as a guide to help MDV employees and relevant stakeholders adhere to the established ethical standards.
The Code of Conduct is neither a contract nor a comprehensive manual that covers every conceivable situation that may occur. It serves as a guide on behavioural expectations of all involved as well as identifies relevant policies, procedures, laws and regulations.
The Code of Conduct must be read in conjunction with all other MDV’s laws, regulations, policies and procedures.