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178 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

GOVERNANCE

INITIATIVES

Anti-Bribery & Anti-Corruption

Over the reporting year, MSM has been focusing on
improving its anti-bribery measures and compliance.
The Board has oversight over the Groups Anti-Bribery &
Anti-Corruption initiatives captured through the various
approved anti-bribery related policies which is summarised
in the Anti-Bribery Policy Statement (4 October 2021),
th
which aims to uphold MSM’s commitment to prevent
corruption and bribery and mitigating the risk of bribery and
corruption within the Group, as prescribed by Bursa’s Main
Ethical Business Conduct Market Listing Requirements & Guidelines on Adequate
Procedures for Corporate Liabilities as provided under the
MSM has recently launched the refreshed CoBCE which Malaysian Anti-Corruption Commission (MACC) Act 2009
establishes clear expectations for employee compliance (Amendment Act 2018).
with MSM’s policies, and applicable laws and regulations
related to lawful and ethical business practices. These reflect The Anti-Bribery Policy Statement is a general statement
a culture of trust, integrity, transparency, holds employees addressing corruption including bribery comprehensively
accountable for their behaviour and helps employees in seven specific policies and code: CoBCE, APID,
determine when and where to seek advice. The CoBCE Whistleblowing, Referral, Conflict of Interest, Sponsorships
applies to all employees of the MSM Group. For all new & Donations and the GEH. Some examples of related bribery
employees, the contents of the CoBCE are covered under and corruption activities are covered under the GEH, a Policy
their onboarding programme and are expected to be signed which aims to eliminate solicitation and bribery that may arise
and acknowledged for Human Resources department’s record. in the cause of giving and receiving of gift, entertainment
and hospitality. Sponsorship and Donations Policy provides
The CoBCE applies the following six universal principles on guideline on the framework by which corporate sponsorships
business practices following the Malaysian Business Code of and donations shall be evaluated and the procedures by which
Ethics (Rukun Niaga): decisions regarding corporate sponsorships and donations
shall be made.
1 2 3 7 Policies in the

Honesty in
Geniality
Responsible Towards
Business Customers, Society Towards Fellow
Dealings and Environment Humans Anti-Bribery Policy Statement
Whistleblowing Code of Business
Policy Conduct and Ethics

Asset/Personal
Interest Declaration Conflict of
Policy Interest Policy
4 5 6 External Gift,

Fair Treatment
Moderation
Zeal in Making
in Business Towards Suppliers the Business a Entertainment & Referral Policy
Conduct and Customers Success Hospitality Policy
Sponsorships &
Donations Policy