Legal compliance and corporate governance have always been one of the top priorities of the Group. The decision-making process of the Group is strictly in line with legal and regulatory requirements, and in compliance with the Code of Corporate Governance and the regulations and guidelines issued by the State of Sabah Government in respect of the Sustainable Forest Management License Agreement (SFMLA).
ETHICS AND INTEGRITY
We promote an ethical and “act with integrity” culture throughout the Group, and seek to conduct our business in an ethical manner and in compliance with the best practices.
ANTI-BRIBERY AND ANTI-CORRUPTION
The Group is committed to zero-tolerance policy to bribery and corruption, we have put in place monitoring and management control systems to detect bribery, fraud or other malpractices. We have also established a whistle-blowing policy for employees and other stakeholders to get direct access to our Audit Committee Chairman.
COMPLIANCE WITH LAWS AND REGULATIONS
The Group has put in place policies and procedures to ensure compliance with the relevant laws and regulations eg: the Listing Rules of SGX-Catalist Rules, SFMLA and Personal Data Protection Act (PDPA) etc.
ENTERPRISE RISK MANAGEMENT (“ERM”)
We recognize the importance of risk management and how business risks may adversely affect the Group’s financial and operating performance.
The Group has implemented an ERM system and performed at least half yearly risk refresher exercise to identify, assess and manage the top five risks. The outsourced internal auditor is engaged to carry out independent yearly risk re-assessment and update the risk profiles and risk registers.