Our commitment in maintaining high standards of business ethics and corporate governance in accordance with the laws and regulations is vital in maintaining our group reputation as a whole.
Being a market leader in the property development industry, we at M Group take pride in upholding integrity and honesty while striving for sustainability and longevity. Our commitment in maintaining high standards of business ethics and corporate governance in accordance with the laws and regulations is vital in maintaining our group reputation as a whole.
This continued success is mainly driven by the trust and confidence of our customers across the country, while governed by our valued business associates and employees at M Group.
In view of the recent COVID-19 outbreak in the country, there are many things that we look out for, especially implications due to the outbreak. Well, here are some of our points of focus:
This year, as part of our effort to combat these fraudulent activities, our Integrity and Compliance team has worked closely with Ernst & Young (EY) in enacting the Anti-Bribery and Anti-Corruption (ABAC) policy, as well as the Whistleblowing policy. In conjunction with this, we have also created a Whistleblowing Manual which sets out internal guidelines on how we manage complaints and reports sent to our whistleblowing channel.
So, what are "corrupted offerings" or "gratification"? Well, we could go on forever with the list but here are some general ones we have stated in our ABAC policy:
The COVID-19 crisis has posed high levels of vulnerabilities and heightened the risk of data breaches, and hence additional due diligence is required. It's becoming an everyday occurrence to see news related to data breaches nowadays, and many organisations are faced with the challenge of protecting sensitive data, especially data associated with their customers.
Privacy can mean very different things to different people, and in different contexts and cultures. It is therefore crucial for us to set out definitions and clear guidelines on how the data can be shared while maintaining its security and confidentiality, and share-ability. Data protection is aimed at ensuring an individual's right to privacy and safeguarding important information from corruption or compromise. A large part of data protection also involves quick restoration of data after corruption or loss. In response to the growing concerns of data breaches, M Group has adopted a Personal Data Privacy Act (PDPA) policy and this policy has been revisited, updated accordingly and approved by the Board this year.
Creating policies without providing any form of awareness just won't cut it nowadays. Employees may not even be aware of the newly created or updated policies. Internal communication and trainings are essential to ensure employees are fully educated on essential baseline information on the company's anti-bribery and anti-corruption commitment while also raising awareness and understanding of these policies. This year, we had our ABAC and PDPA trainings conducted virtually as we adapt to the new norm since COVID-19 affected our country.