LEGAL COMPLIANCE AND CORPORATE GOVERNANCE
The Group recognises the importance of corporate governance and advocates high standards of accountability to all stakeholders, both internal and external. To enhance corporate transparency and maintain an ethical environment within the Group is committed to sustaining a high standard of corporate governance by implementing good practices recommended by Code of Corporate Governance 2018 (the “Code 2018”). The decision-making process of the Group is strictly in line with all applicable legal and regulatory requirements as well as adherence to the requirements set out in SFMLA.
COMPLIANCE WITH LAWS AND REGULATIONS
The following are the key laws and regulations that we are required to comply in order to carry out our business operation.
ETHICS AND INTEGRITY
The Group sets high standards and expectations for its employees to act ethically, professionally and with integrity at all times when dealing with stakeholders. We are committed to follow the highest ethical standards of business practice and have formalised the Group’s Professional Business Code of Ethics. This guide ensures that the business conduct of all our employees is aligned to the nature of our values, principles and business practice and is conducted in a manner which avoids any conflict of interest and/or allegation of bribery or compromise.
ANTI-CORRUPTION AND ANTI-FRAUD
Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act 2009”) places the obligation on a commercial organisation to have adequate procedures in place to prevent persons associated with it from committing corrupt acts as defined under the MACC Act 2009. We enforce procedures in accordance with our Anti-Bribery & Anti-Corruption (“ABAC”) Policy and Guidelines which are available at www.jawalainc.com.
The Group adopts zero tolerance approach towards all forms of bribery and corruption. The Group promotes the value of good governance and integrity in carrying out its business activities.
Our Whistleblowing Policy aims to provide a structured mechanism for employees and others to raise or report concerns about ongoing or suspected wrongful activities or wrongdoings to provide reassurance that they will be protected from reprisals or victimisation for whistleblowing in good faith. The Whistleblowing Policy is available on our corporate website at www.jawalainc.com.
ENTERPRISE RISK MANAGEMENT
The Group acknowledges the importance of risk management and has implemented an Enterprise Risk Management (“ERM”) system. With the assistance of an external consultant, the Group had established a formal ERM framework which facilitates risk assessment and the identification of risk actions. The external consultant will perform independent yearly risk re-assessment and update the risk profiles and risk registers.