Companies’ policy, processes and commitments – represent guidelines, rules and procedures that govern the behaviour and decision-making of the company’s stakeholders, ensuring that the company operates in an ethical and responsible manner, and that it upholds its legal and regulatory obligations. Clear policy commitments, supplemented by relevant internal processes and guidance for stakeholders, demonstrate the determination of the companies in implementing responsible business conduct throughout the organisation and supply chain, thus ensuring that companies are not engaged in unethical behaviour or illegal activities. As such, in formulating its policy commitments visà-vis business conduct, companies should take into consideration the regulatory guidance such as those prescribed by laws (e.g., Companies Act 2016, Securities Commission Malaysia Act 1993), industry regulators and court judgements. Companies can also consider, where relevant, the adoption of and alignment with local guidelines (such as the MCCG by SC, Corporate Governance Guide by Bursa Malaysia), as well as international codes and best practices on corporate governance, in reporting against governance considerations and indicators.
| < Prev | Next > |
|---|
