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Principle 1 - Establish Clear Roles and Responsibilities (CONT’D)
1.3 Formalised Ethical Standards Through Code of Ethics
The Group has in place codes of ethics for Directors and employees based on four elements which are sincerity,
integrity, responsibility and corporate responsibility. In the performance of the directors’ duties, the Board should at all
times observe the following codes:
a.
Should have a clear understanding of the aims and purpose, capabilities and capacity of the Company;
b.
Should devote time and effort to attend meetings and to know what is required of the board and each of its
directors, and to discharge those functions;
c.
Should ensure at all times that the Company is properly managed and effectively controlled;
d.
Should stay abreast of the affairs of the Company and be kept informed of the Company's compliance with the
relevant legislation and contractual requirements;
e.
Should insist on being kept informed on all matters of importance to the Company in order to be effective in
corporate management;
f.
Should have access to the advice and services of the company secretary, who is responsible to the Board to
ensure proper procedures, rules and regulations are complied with;
g.
Should at all times exercise his powers for the purposes they were conferred, for the benefit and prosperity of the
Company;
h.
Should disclose immediately all contractual interests whether directly or indirectly with the Company;
i.
Should neither divert to his own advantage any business opportunity that the Company is pursuing, nor may he
use confidential information obtained by reason of his office for his own advantage or that of others;
j.
Should at all times act with utmost good faith towards the Company in any transaction and to act honestly and
responsibly in the exercise of his powers in discharging his duties; and
k.
Should be conscious of the interest of shareholders, employees, creditors and customers of the Company;
l.
Should at all times promote professionalism and improve the competency of management and employees.
m.
Should ensure adequate safety measures and provide proper protection to workers and employees at the
workplace.
n.
Should ensure the effective use of natural resources, and improve quality of life by promoting corporate social
responsibilities.
1.4 Strategies Promoting Sustainability
The Board recognised the importance of Sustainability and its increasing impact to the business. The Board exercises
annual reviews on the sustainability of the Company’s strategic directions, with due consideration over the progress of
the long term and short term plan, changes in business and political environment, level of competition, update in risk
factors and any other factors which could affects the sustainability of the Group.
Corporate Governance Statement (CONT’D)
ANNUAL REPORT 2013
