SMSB adopts a zero-tolerance approach towards bribery and corruption and will not pay or receive bribes or corrupt gratification to or from anyone for any purpose.
SMSB is committed to conducting its business lawfully, ethically, responsibly, transparently and to avoid acts which might reflect adversely upon the integrity and reputation of the Company.
SMSB takes the upholding of its anti-bribery and anti-corruption stances across the Company’s business dealings and activities and expects its associate persons and external stakeholders to adhere to and observe the Company’s anti-bribery and anti-corruption stances and relevant provisions of this Policy.
SMSB treats any violation of this Policy seriously and will undertake necessary actions, including, but not limited to, review of employment or appointment, disciplinary actions, dismissal, and reporting to the authorities, consistent with the relevant laws and regulations.
This Policy is generally applicable to the SMSB’s “associated persons” that includes the directors, partners, and employees of SMSB and any third parties acting on behalf of SMSB
“Third parties” in this context includes suppliers, agents, contractors, subcontractors, consultants, business partners and any other parties (including individuals, partnerships, and corporate entities) associated with SMSB.
“Bribery” refers to the act of corruptly giving, agreeing to give, authorising, promising, offering, soliciting, receiving, or agreeing to receive any gratification, whether directly or indirectly. Gratification can take various forms, including monetary, non-monetary, services, favours, or any form of benefit or advantage.
“Corruption” shall have the definition consistent with that provided by Transparency International, which is: the abuse of entrusted power for private gain.
Any individuals or employees who encounter actual or suspected violations of this Policy are required to report their concerns to:
Post:
Chairperson
Board of Audit Committee
G53 & 53A, South City Plaza,
Taman Serdang Perdana Seksyen 1
Seri Kembangan, Selangor
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