Magni-Tech Industries Berhad (“Magni”) and its subsidiaries (collectively referred to as the “Group”) are committed to conducting its business legal and ethically.This commitment is embodied in Magni’s Code of Ethics for Directors and Employees.
The Group will take reasonable and appropriate measures to ensure that its businesses do not participate in corrupt activities for its advantage or benefit.
Based on the recommendation by Magni’s Audit and Risk Management Committee (“ARMC”), the Board has approved this Anti-Bribery and Anti-Corruption Policy.
All members of the Board of Directors and staff of the Group must uphold the highest standard of integrity and accountability in discharging their duties and to ensure that all Group’s business activities are conducted in compliance with the applicable legal and regulatory requirements on anti-bribery and anti-corruption.
All staff of the Group are to refrain from offering or receiving any gifts, entertainment, hospitality and non-business travel to/from external party in the course of their duties as it may put them in an obligated or compromised position which could affect business judgement.
The Group shall impose appropriate actions against any violation this Policy in accordance with the applicable laws.
The Group has put in place the Whistleblowing Policy and Procedure to provide an avenue which serves as a confidential platform for all staff and third parties to disclose any acts of bribery and/or corruption in a confidential manner that protects the whistleblower from any risk or reprisals.
This Policy shall be reviewed by ARMC on a periodic basis determined by ARMC or as and when necessary. Any revision or amendments to this Policy shall be approved by the Board.