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Fima CORPORATION Berhad

(197401004110) (21185-P) •

Annual Report 2020

68

Value Distribution to Stakeholder

(RM Million)

Employees

(salaries, wages,

and other benefits)

33.8

Government

(Tax and duties)

12.3

Shareholders

(dividends)

30.0

Reinvestment

in business

17.0

Ethical Conduct

The Group takes a zero-tolerance stance to unethical practices. We

are committed to complying with the rules and regulations of the

countries in which we operate and act ethically, consistent with

the principles of honesty, integrity, fairness and respect. Every

employee is accountable for ensuring that these principles are

always upheld in all we do. We expect the same standards from all

third parties who provide good and services to our companies.

In FYE2020, certain governance processes have been strengthened

after a thorough review of the Group’s integrity infrastructure for

which an external consultant had been engaged. The exercise

involved not only the review of the Board Charter and the terms

of reference of the Board committees, but also entailed a review

of the policies of the Group and the anti-bribery framework. This

is to ensure that our management practices remain relevant and

effective for the Group‘s ongoing performance.

Our Anti-Bribery policy includes inter alia policies on ethical

behaviour, including the acceptance of the offering of corporate

hospitality and gifts. For example, corporate hospitality must be

reasonable and proportionate, and any gifts given or received

must not conflict with our obligations to that party. Furthermore,

our procurement and authorisation procedures are consistent

and transparent so that all payments are documented and

understood. These internal control procedures are also subject

to regular review to provide assurance that they are effective

in countering any risk of bribery and corruption. A significant

number of written agreements entered into by our businesses

with their respective vendor and customers include specific anti-

bribery and corruption clauses.

In addition, the Board, through the Audit and Risk Committee

reviews and monitors all related party transactions and conflicts of

interest situation, if any, on a quarterly basis. A Director or member

of senior management who has an interest in a transaction must

abstain from deliberating and voting on the relevant resolutions, in

respect of such transaction.

Cybersecurity

The Group acknowledges the importance of cybersecurity as a

critical feature in preserving our data integrity and maintaining

trust amongst our stakeholders. Being able to provide continuity

of our cybersecurity agenda, will ensure protection towards the

Group’s IT network, information and communications assets.

Threats of malicious software, phishing attacks and spams are

all matters we take seriously. During the year, there were a few

incidents of phishing and malware targeted at our employees.

For this reason, we have taken additional security measures to

improve our readiness to respond against cyber attacks which

are getting increasingly sophisticated and prevent misuse and

unauthorised access to our systems. We strive always to ensure

that our cybersecurity is up to the latest industry standards.

The new Anti-Bribery Policy familiarisation e-training module

has been developed during the year. This training module

provides an overview of anti-corruption laws, the Group’s

ethical guidelines and grievance procedures and is also used to

familiarise and train third party service providers who perform

services for the Group.

All employees who have successfully complete the module are

required to sign a confirmation that they will comply fully with

the policy. Further, training on this Policy will form part of the

induction process for all new directors and employees.

There were also dedicated anti-bribery classroom-based

training for Directors, senior management and employees

organised by the business units during the year.

Antibribery@work

sustainability : governance