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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 179

Training is provided for staff and suppliers to build awareness MSM has taken a holistic approach to develop and
and necessary capacity to identify and counter relevant forms implement adequate procedures by adopting the following
of bribery and corruption activities in our business dealings. principles (T.R.U.S.T):
For new business counterparties, employees must ensure
due diligence is conducted to understand the business and Top Level Commitment by Board, Executive Leadership
background and to determine the origin and destination of T & Management
money, property, and services as required under the CoBCE.

The MSM Anti-Bribery Policy Statement is available on the R Risk Management through Corruption Risk Management
Company’s website at www.msmsugar.com (CRM)

In addition, a Corruption Risk Management (CRM) exercise Undertake Control Measures via the establishment and
was conducted for the Group. This is to ensure we continue to U review of policies and procedures
identify potential corruption risks in our operations.

As defence against corporate liability for corruption offences Systematic Review, Monitoring and Enforcement which
committed by person associated with MSM, as defined S includes regular review on performances, efficiency and
under Section 17A of the MACC Act 2009 (Amendment effectiveness of the anti-corruption programme, and
Act 2018) MSM is putting in place measures as per Guidelines ensure the enforcement
on Adequate Procedures.
Training and Communication on Governance, Integrity &
The performance of our anti-corruption initiatives is reviewed T
every quarter by our Management, Board Committee Risk education, awareness and periodic communication
and Board. We evaluate the progress and success of our
initiatives through a number of channels, including obtaining
stakeholder feedback, benchmarking and performance
tracking. We pay particular attention to the yearly
assessments conducted by corporate governance
watchdogs such as the Malaysian Institute of Corporate ONE SUCCESSFUL INITIATIVE
Governance (MICG) and Minority Shareholders Watch
Group (MSWG). UNDER ANTI-BRIBERY AND
ANTI-CORRUPTION WAS

THE QUICK TAKE UP AND 100%

SIGNING OF THE INTEGRITY

PLEDGE.