ANTI-BRIBERY & ANTI-CORRUPTION POLICY
1. INTRODUCTION & PURPOSE
We, MOG GROUP OF COMPANIES and our subsidiaries (collectively referred to as “MOG”, “Group”, “we”, “us” or “our”) are committed to conduct our business with integrity, trustworthiness and accountability. Our Management continually promotes a culture of integrity within the MOG Group and stresses the importance of a zero-tolerance approach towards bribery and corruption in our actions and decisions, both internally and externally.
The purpose of this Anti-Bribery & Anti-Corruption Policy (hereinafter referred to as “Policy”) is to provide guidance to Directors and Employees (including full time, part-time, probationary, contract and temporary staffs) of the Group (hereinafter referred to as “Directors” and “Employees”) as to how they should be dealing with bribery, corruption and any other related issues that may arise in the course of business. It reiterates MOG’s commitment to ensure full compliance by our Directors and Employees with the Malaysian Anti-Corruption Commission (MACC) Act 2009 (“hereinafter referred to as “MACC Act”), the MACC (Amendment) Act 2018 and any other local anti-bribery or anti-corruption laws that may be applicable.
This Policy sets out the practise of upholding high levels of personal and professional conduct while endorsing the values in the Group’s business dealings and decisions. However, this Policy is not intended to be exhaustive and should be read in conjunction with all existing laws, rules and regulations imposed by the Malaysian Government, as well as our Group’s policies.
2. POLICY STATEMENT
Our Group has adopted a zero-tolerance policy against all forms of bribery and corruption. We are committed to the prevention, deterrence and detection of fraud, bribery and all other corrupt business practices. It is our Group’s policy to conduct all the business activities with honesty, integrity and the highest possible ethical standards and vigorously enforce our good business practices.
“Bribery” – Bribery is defined as any action which would be considered as an offence of giving or receiving ‘gratification’ under the MACC Act. In practice, this means offering, promising, giving, solicitation or the receipt or agreement to receive any financial or other advantage, or any other inducement, or “gratification” (as defined and interpreted under Section 3 of the MACC Act) from any person or company, (wherever they are situated and whether they are a public official or body, or a private person or company) by an individual employee, agent or other person or body acting on another’s behalf. Bribery can take a variety of forms, whether in cash or in kind, can be given or received directly or indirectly through intermediaries, when someone improperly influence or attempts to improperly influence one’s decision or performance of duties.
“Corruption” – Corruption is broadly defined as the abuse of entrusted power for private gain.
This Policy is intended provide the principles and guidelines on how to deal with instances of activities which may constitute bribery and corruption practices.
Read more here – Anti-Bribery & Anti-Corruption Policy