Code of Business Ethics
- Code of Business Ethics (“Code”) requires all employees to observe highest ethical business standards of honesty and integrity and to apply all these values to all aspects of its business and professional practices.
- This Code serves as a guide and reference to assist personnel on ways to conduct business and duties in a manner that is efficient, effective and fair.
- This Code highlights key issues and identifies the relevant policies and procedures and resources to conduct business and duties in line with MRCB standards.
- MRCB will hold all employees accountable in ensuring observation of highest ethical business standards and to apply these values to all aspects.
Anti-Bribery & Corruption Policy
- This Policy sets out MRCB Group’s overall position on bribery and corruption in all its forms. MRCB Group has adopted a zero-tolerance approach against all forms of bribery and corruption.
- MRCB personnel and its business associates shall not therefore, whether directly or indirectly, offer, give, receive or solicit any item of value, in the attempt to illicitly influence the decisions or actions of a person in a position of trust within an organisation, either for the intended benefit of MRCB or the persons involved in the transaction.
- The anti-bribery and corruption statement applies equally to its business dealings with commercial (‘private sector’) and Government (‘public sector’) entities, and includes their directors, personnel, agents and other appointed representatives.
- MRCB is committed to conducting its business ethically and in compliance with all applicable laws and regulations in the countries where it does business, these laws include but are not limited to Malaysian Penal Code (revised 1977) (and its amendments), the Malaysian Anti-Corruption Commission Act 2009 and its amendments, the Companies Act 2016, the US Foreign Corrupt Practices Act 1977 (amended 1998), and the UK Bribery Act 2010.
- No employee or external party will suffer demotion, penalty or other adverse consequences in retaliation for refusing to pay or receive bribes or participate in other illicit behaviour. All MRCB personnel shall certify in writing that they have read, understood and will abide by this Policy.
Gift, Hospitality, Donations & Similar Benefits Policy
- This Policy provides the necessary guidelines and actionable steps for its personnel to manage challenges regarding gifts, hospitality, and related matters such as political donations, charitable donations and sponsorships.
- In the event that the laws of any given country include requirements not included in or met by this Policy, the law of the country shall take precedence. It is therefore necessary that all personnel engaged in the practice of giving and receiving gifts and/or hospitality are aware of their local laws governing this activity and ensure compliance.
- Personnel are required to adhere to this policy to avoid giving any impressions of conflict of interest as gifts, hospitality, donations & sponsorships can be viewed as a bribe that may tarnish the Company’s reputation or be in violation of anti-bribery and corruption laws.
- Personnel who are aware of any party (internal or external to the company) violating this Policy are encouraged to report the matter to the IDD. The personnel may also raise concerns via MRCB’s Whistleblowing channel.
Conflict of Interest Policy
- MRCB is committed to maintaining the highest of ethical standards and recognises that it must be seen at all times to be acting in accordance with highest standards of governance. Accordingly, MRCB expects all staff to conduct themselves with integrity, impartiality and professionalism at all times, and to avoid any conflict of interest that may arise in the performance of their duties.
- This Policy applies to all Directors and employees of MRCB (including employees on contract terms, temporary staff and those on internship or secondment). For the purpose of this Policy, employees include consultants engaged by MRCB on a fulltime basis.
- Conflict of Interest Policy applies whenever an individual recognises that an actual, potential, or perceived conflict of interest may arise from their current or future activities.
- Comply with this Policy and other applicable policies and guidelines relating to the identification, documentation, escalation and management of conflicts of interest;
- Proper identification and management of conflicts of interest ensures that business decisions are made in the best interests of the Company and the Company is protected from any consequent damage to its activities and reputation.
- MRCB is committed to developing a culture of openness and honesty where a person who is aware of a potential malpractice or misconduct is encouraged to report such matters, in good faith, without fear of reprisal.
- Whistleblowing Policy is part of MRCB’s overall Risk Management Framework, which provides framework for responsible and secure reporting of concerns about irregularities within the MRCB’s operations.
- This Policy encourage employees of the Group and members of general public to disclose any improper conduct that they have become aware of and guide employees of the Group and members of general public in communicating instances of improper conduct to the appropriate party within the Group.
- The key provisions in this Policy have been aligned with the Whistleblower Protection Act 2010, Companies Act 1965, Malaysian Anti-Corruption Commission Act 2009 and all applicable laws and regulations in Malaysia.
- A Whistleblower, who is an employee, will be protected from any reprisal as a direct consequence of the disclosure subject to the conditions fulfilled in this Policy.
Anonymous disclosure may be considered at the discretion of the recipients and whistleblower may make a disclosure on an improper conduct via e-mail to email@example.com.