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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 211

Commitment to Anti-Bribery and
Anti-Corruption
Adequate Procedures are the pillars of defense against
corporate liability, particularly corruption offences. MSM has
taken a holistic approach in implementing adequate procedures
by adopting the principles (T.R.U.S.T):
Main Board • Top Level Commitment
- Board, Executive Leadership & Management

Board Committees • Risk Management
• Audit, Governance and Risk Committee - Corruption Risk Management (CRM)
• Nomination and Remuneration Committee • Undertake Control Measures
• Investment and Tender Committee - Establishment and review of policies and procedures

Group Chief Executive Officer • Systematic Review, Monitoring and Enforcement
- Regular review on performances, efficiency and
Corporate Centre, Operations & effectiveness of the anti-corruption programme,
Supporting Functions and ensure the enforcement

• Training and Communication
- Governance, Integrity & Risk education, awareness and
periodic communication
MSM has embedded the principles of adequate procedures
in the Anti-Bribery Policy Statement and Whistleblowing
Policy which evidently available at MSM’s corporate
website in compliance with Paragraph 15.29 (1) and (2) of
Listing Requirements and guided by the Guidelines on
Adequate Procedures, Section 17A (5) of the Malaysian
Anti-Corruption Commission (MACC) Act 2009 (Amendment
Act 2018). There are three (3) key focus areas were
examined - Corruption, Fraud and Abuse of power.

Anti-Bribery Policy Statement and Whistleblowing
Policy are available on the Company’s corporate website at
Focus on Strong Governance http://www.msmsugar.com/our-company/corporate-governance

We recognise that good governance is essential in assisting
the business to deliver its strategy, generate shareholder value
and safeguard shareholders’ long-term interests.
An important area of focus for the Group during the year was
to ensure our preparedness in meeting the requirements of
Section 17A of the MACC Act 2009. The MACC Act 2009,
which was amended to introduce corporate liability for
corruption offences of commercial organisations, was enforced
on 1 June 2020.