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CODE OF CONDUCT

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Purpose:

Tek Seng Holdings Berhad ('the Company') recognises the importance in conducting its affairs ethically and lawfully. This Code of Conduct has been endorsed by the Board and is subject to periodical review to ensure its relevance and compliance.

1. BASIC POLICIES

1.    Compliance with Laws
The Company will conduct its business and affairs in compliance with all laws, rules, and regulations and in accordance with the Company's high ethical standards.

2.    Marketing and Sales
The Company will represent its products and services accurately and will comply with applicable regulatory and legal requirements governing the marketing and sale of its products and services.

3.    Competitive Practices
The Company will compete for all business opportunities vigorously, fairly, ethically and legally.

4.    Work Environment
The Company will maintain a safe and drug-free work place that is free from discrimination and harassment based on race, colour, creed, religion, sex, age, disability, national origin, ancestry, citizenship, armed forces service, marital or veteran status, sexual orientation, or any other impermissible factor.

5.    Recording and Reporting Information
In recognition of the fact that accurate information is essential to the Company's ability to satisfy legal and regulatory obligations, all employees and directors will record and report all information accurately and honestly. No employee or director will sign or submit, or permit others to sign or submit on behalf of the Company, any document or statement that he or she knows or has reason to believe is false.

6.    Fair Dealing
The Company will not take unfair advantages through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair dealing or practice with its stakeholders.

7.    Confidential Information
Employees are prohibited to use, for his or her own personal gain, or disclose to any third party, any confidential or proprietary information that he or she obtained as a result of his or her employment with or relationship to the Company. Confidential or proprietary information includes all non-public information that might be of use to competitors or harmful to the Company and its customers if disclosed.

8.    Corporate Opportunities
Employees are prohibited from
a.    taking for themselves personally opportunities that are discovered through the use of corporate property, information, or position;
b.    using corporate property, information, or position for personal gain, or
c.    competing with the Company

9.    Conflicts of Interest
A conflict of interest occurs when a person's private interest or outside activities interfere or appear to interfere in any way with the Company's objectives and harmful and detrimental to the Company. Any conflict of interests or potential conflict of interest must be disclosed in writing to the Management in charge of the applicable division, subsidiary or operating unit, or to the Managing Director, for a resolution.

10.    Protection and Proper Use of Company Assets
All employees will take appropriate actions to protect the Company's assets and ensure their efficient use for legitimate business purposes.

2. COMPLIANCE

1.    The Management in charge of division, subsidiary, or operating unit is responsible for ensuring that the employees understand and comply with this Code and to create a work environment in which compliance is expected and rewarded.

2.    Any waiver of the policies or procedures set forth in this Code may be only authorised by the Board of Directors.

3.    Any violation of the policies or procedures set forth in this Code should be reported immediately to the Management in charge of the applicable division, subsidiary, or operating unit. The identity of the person or persons making a report will remain confidential except on a "need to know" basis. Reporting may be anonymous. The Management will notify the Executive Chairman of any reports that they receive.

4.    The Company will promptly investigates any alleged violation of this Code and take necessary disciplinary action, including termination of employment where appropriate.

5.    Questions concerning this Code should be directed to the Management in charge of the applicable division, subsidiary or operating unit.

3. Whistleblowing

1.    Any employees and/or stakeholders  may report any suspected improper, unethical or illegal conduct or activities to the Management in charge of the applicable division, subsidiary or operating unit or to the Managing Director.  However, if he/she feels uncomfortable reporting suspected improper, unethical or illegal conduct or activities in such manner, he/she may report the conduct or activity directly or anonymously through the Email.

2.    The Company's expressly prohibits any form of retaliation against employees and/or stakeholders who:

1.    In good faith and for lawful purposes report, cause to be reported, or assist in the investigation of suspected improper, unethical, or illegal conduct or activities by anyone in the Company;
2.    Lawfully provide, or cause to be provided, information to, or assist in an investigation conducted by, any regulatory or law enforcement agency or legislative body, related to possible violations of securities laws, SC rules or regulations, or laws relating to fraud; or
3.    File, cause to be filed, assist, participate, or give testimony in any proceedings filed or about to be filed related to such conduct.

3.    The Company will not discharge, demote, suspend, threaten, harass, or in any manner discriminate against any employees of his/her employment with the Company arising from his/her complaints in good faith.

4.    Any employees and/or stakeholders may also report to the Executive Chairman or the Audit Committee Chairman, contact details are below:

Executive Chairman: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Audit Committee Chairman: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Investor Relations: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The Executive Chairman or the Audit Committee then arrange as soon as practicable a private meeting between the employee or stakeholder and to carry out investigations.