OUR POLICY & STANDARD OPERATING PROCEDURES
This introduction covers MDV’s anti-fraud, corruption and money laundering (FCM) policy, who is affected by it, and who is responsible for it.
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.
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.
MDV adopts a zero tolerance policy against all forms of bribery and corruption. The MDV’s Code of Conduct Policy sets out MDV’s core principles on this matter. The document, namely MDV’s Integrity and Anti Corruption Policy & SOP (hereinafter referred to as “IACP” or “the Policy” and “IACSOP” or “the SOP”) will elaborate on these principles, by providing guidance to employees on how to deal with any improper solicitation, bribery and other corrupt activities and issues that may arise in the course of doing business.
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 Third Party Code of Conduct (“COC”) establishes a set of standards on business & ethical practices and professional conduct expected on all Third Party. Third Party includes all contractors, vendors, suppliers, solicitors, agents, consultants, joint venture partners and to any person(s) appointed by them in any capacity to deliver the goods or perform any part of the services to MDV.