CODE OF CONDUCT (“Code”)
The Directors and Management of JHM Consolidation Berhad, together with that of its subsidiaries are committed to adhering to the best practice in corporate governance and observing the highest standards of integrity and behaviour in all activities conducted by the Group, including the interaction with its customers, suppliers, shareholders, employees and business partners, and within the community and environment in which the Group operates.
The Directors and all employees of the Group play an important role in establishing, maintaining and enhancing the reputation, image and brand of the Group and ensuring the observance to and compliance with the standards of integrity and behaviour that the Group is committed to. It is required that the Directors and all employees display the highest levels of professionalism in all aspects of their work and comply with this Code of Conduct (the “Code”) and all applicable laws, regulations and other policies applicable within the Group.
2.1 The objectives of the Code are as follows:
(a) Enhance public confidence and trust in the integrity, objectivity and impartiality of the Group;
(b) Provide ethical and legal guidance to all Directors and employees in the conduct of their business and the Group.
(c) Describes the standards of business conduct and ethical behaviour of Directors and employees in the performance and exercise of their responsibilities as Directors and employees of the Group or when representing the Group.
3. General Principles
3.1 Compliance with Laws
Directors shall comply with the laws and regulations governing their conduct. Directors have a responsibility to be sufficiently familiar with any legislation or regulations that apply to their directorship.
Business of the Group shall be conducted in compliance with applicable laws and regulations.
The Group aims to provide a safe working environment for its Directors, employees, customers and business partners. Employees must work safely and adhere to applicable industry practice and laws to protect the health, safety and wellbeing of employees, customers and other business partners.
3.2 Duties to act in the best interest of the Group
Directors and employees have a duty to act in the best interest of the Group. Directors and affected employees shall make decisions solely on merit, without regard for personal gain or material benefit for their family or friends, when carrying out the business of the Group.
Any actual or potential conflicts of interest shall be disclosed to the Management and/or Board of Directors and where such circumstances are allowed by Management and/or Board of Directors to continue, shall not be deemed a breach of this code.
3.3 Integrity and honestly
The Directors and/or employees shall not place themselves under any financial or other obligation to any person that might reasonably be thought to influence them in the performance of their duties.
Directors and employees have a duty to act honestly and declare any private interests relating to public duties and take steps to resolve any conflicts arising in a way that protect the interest of the Group.
3.4 Fair Dealing
All business dealings shall be conducted in a fair and equitable manner.
All commercial transactions shall be properly and accurately recorded and documented.
Corrupt practices, whether directly or indirectly through intermediaries, are unacceptable. No bribes or improper payments, gifts or inducements will be made or, or accepted from any party, irrespective of business customs or practices. Nonetheless, in recognition of the reality of commercial and business practices, the Group acknowledges that modest gifts and reasonable entertainment are acceptable as part of the normal course of business provided that such gifts or entertainment are not supplied, or received, in circumstances indicating an inducement or reward has been given or received.
Directors and employees shall keep confidential all information that would reasonably be considered to be confidential including but not limited to terms and conditions of transactions entered into by the Group, financial details and policies and procedures of the Group.
The Group shall maintain the privacy of confidential information of its Directors, employees, customers and business partners.
The reporting of non-compliance with this Code may be made either to the appropriate Management and/or Senior Independent Non-Executive Director of the Company.
4. Review of the Code
The Board of Directors shall review and reassess the adequacy of this Code periodically and make such amendments to the Code as the Board may deem appropriate.