Business Ethics and Corporate Governance
In 2019, we established a Group Integrity and Governance Department (GIG) to create awareness of the Group’s zero tolerance for bribery and corruption and to set up the necessary systems to instil a culture of integrity Group-wide. In addition to implementing integrity programmes within the Group, GIG manages alleged incidents of corruption, abuse of power, malpractice and/or violation of our code of ethics within the organisation. It is GIG’s responsibility to investigate all such reports and follow up with the appropriate actions.
GIG is also currently driving Boustead Holdings Berhad (Boustead)’s ISO 37001:2016 Anti-Bribery Management Systems (ABMS) Certification. The Head of GIG is a Certified Integrity Officer (CeIO), endorsed by the Malaysian Anti-Corruption Academy (MACA), who reports to the Board Audit Committee.
About the ABMS
Whistleblowing channels available:
Hotline: 1-800-88-2040
E-form: www.boustead.com.my
Email: alert@boustead.com.my
Write to:
Head of Group Integrity & Governance (GIG), 2nd Floor, Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur
Our Policies
Communicating Boustead’s Ethics & Integrity Policies
Throughout the year, we conducted a total of 45 ethics and integrity-related training sessions which were attended by 5,224 participants. Through these sessions, we seek to enhance general awareness of integrity issues and our internal policies. Some of the sessions focused on Section 17A of the MACC Act as this was introduced relatively recently, while others served to prepare our business units for ABMS certification. We also enrolled our integrity personnel in external training geared towards the CeIO and ABMS Lead Auditor Certification.
In addition, we participated in the National Integrity Convention 2021, in conjunction with National Integrity Day. During the year, more than 2,000 employees signed our Integrity Pledge.