SUSTAINABI L I TY AT RANHI LL 04 Sect ion 20 Ranhi ll Ut i l i t i es Berhad Ranhill’s Board maintains oversight on anti-corruption activities. The IWC has been established to assist the MARCC and GRMC in matters pertaining to ethics and integrity within Ranhill. The IWC continues to be the champion for ethical conduct and corporate integrity, which includes anti-corruption. It is supported by the Group Legal Compliance department as well as the various operating functions within the Group including Group Human Resources, Group Procurement and the SWG. INCIDENTS OF CORRUPTION AND WHISTLEBLOWING The Group had zero incidents of corruption reported for FY2022. EXTENDING ANTI-CORRUPTION STANCE TO THE VALUE CHAIN All tender documents, and Request For Proposals (“RFPs”) come attached with the Group’s anti-corruption requirements. Suppliers must acknowledge their understanding of the anti-corruption documents and provide written affirmation to be free from corrupt practices and will remain as such throughout their business dealings with the Group. Where relevant, audits or background checks may be conducted on suppliers, prior to the awarding of contracts. Any supplier who is found to have engaged in corrupt practices will be reprimanded accordingly. Action taken can range from immediate contract termination to reporting the offender to the authorities for legal action. Reminder memos are sent out to all suppliers on a periodic basis reminding suppliers to continue adopting a zero-tolerance stance on corruption, including bribery. ANTI-CORRUPTION TRAINING All Ranhill operating companies have held briefings on Corruption and Bribery, and Section 17A MACC Act for staff. Other forms of training and briefings were the CCBE briefing for all staff. The Board, Management and staff have received at least two hours of anti-corruption training. ASSESSMENT OF OPERATIONS AT HIGHER RISK TO CORRUPTION In FY2022, Ranhill, through its Group Legal and Compliance Department had assessed operations for risks related to corruption. The next assessment is due to be held in FY2025. Findings from the last assessment indicated there were no high risk departments or high risks scenarios for corruption within the Group. Findings were derived after assessing the present level of anti-corruption controls and internal processes put in place. SUSTA INAB I L I TY GOVERNANCE STRUCTURE Description FY2020 FY2021 FY2022 Percentage of operations assessed for risks related to types of corruption The Group Level - 90% Subsidiaries Level - 60% The Group Level - 100% Subsidiaries Level - 80% Subsidiaries Level - 100% Number of corruption risk assessments based on types of corruption, including bribery Initiated Bribery Risk Assessment Workshop groupwide Bribery Risk Assessment for Group Business Development Division Bribery Risk Assessment Analysis presented to MARCC and reported to Board of Directors Significant risks related to corruption identified through the risk assessment 6 residual risks identified Action taken for residual risk control Finalised action taken for residual risk control WHISTLEBLOWING CHANNEL Ranhill has established its Whistleblowing channel in accordance with the Whistleblower Protection Act 2010 (“Act 711”), Companies Act 2016, and Capital and Market Services Act 2007. The Whistleblowing channel also serves as a grievance mechanism for any internal or external stakeholder to channel any complaint, dissatisfaction or issue to the Board. Provided such reporting is made in good faith, all whistleblowers are accorded confidentiality unless the identity of the whistleblower is required by enforcement authorities to facilitate further investigations. The whistleblower is accorded protection from any form of reprisal, harassment or pressure.
RkJQdWJsaXNoZXIy ODQxNzg=