Edelteq is committed to conducting business dealings with integrity and has adopted a zero-tolerance approach against all forms of bribery and corruption. Edelteq adheres to the principles of good corporate governance and emphasizes on operating its business with fairness and transparency, act and maintain a high standard of integrity and professionalism.

This Anti-Bribery and Corruption Policy applies to Edelteq and its stakeholders which include the directors, employees, business associates, members of public (where relevant) and all parties involved directly or indirectly in the affairs of the company. Full compliance to both the spirit and the letter of this Anti-Bribery and Corruption Policy. Policy is mandatory and should be maintained using a principle-based approach.

Under no circumstances may employees offer or accept money or tolerate no form of and not to engage in any form of Corruption or Bribery, including any payment or other form of benefit conferred on any parties for the purpose of influencing decision making in abuse of law. Employees are not permitted to give or offer anything of value including gifts, hospitality, or entertainment to anyone for the purpose of improperly obtaining or retaining a business or personal advantage except otherwise governed by the No Gift Policy.

Edelteq is fully committed to acting professionally, fairly and with integrity in all its business dealings and expects its employees to observe the same. Employee who has any knowledge of, or reasonable belief of the existence of an attempted, suspected or actual bribery or reason to suspect any violation of the policy and the related laws, he or she is expected to report it in good faith via the following channels:

Summary Of Edelteq's policy

Introduction

The Anti-Bribery and Corruption Policy is a mandatory guidelines and high ethical principles adopted by Edelteq and formulated based on the provisions under the Malaysian Anti-Corruption Commission (“MACC”) Act 2009, Section 17A of the MACC (Amendment) Act 2018 and all other relevant laws. Having a clear and unambiguous approach on Edelteq’s position regarding bribery and corruption forms the cornerstone of an effective business integrity system.

Purpose

This Anti-Bribery and Corruption Policy is intended to:

  1. Define commitment and stand against bribery and corruption in all its forms.
  2. Ensure compliance with all applicable anti-corruption regulatory requirements when conducting business.

Applicability

  1. Applies to Edelteq and its stakeholders which include:

    1. Directors;

    2. Employees;

    3. Business Associates which comprise of customers, vendors, contractors, consultants, agents, outsourcing providers, solicitors, investors and valuers; and

    4. All parties involved directly or indirectly in the affairs of Edelteq.

      Applies to members of the public, where relevant.

Policy Statement

  1. Edelteq adopts a zero-tolerance approach against all forms of bribery and corruption. All employees, business associates and individuals acting on behalf of Edelteq should be responsible for upholding a high ethical practices and principles by conducting business  with fairness and transparency, act and maintain a high standard of integrity and professionalism.

  2. Edelteq will not tolerate bribery or corruption directly or indirectly through third parties, whether explicitly prohibited by Anti-Bribery and Corruption Policy, laws or otherwise.

  3. Bribery and corruption in all its forms as it relates to the activities of Edelteq is prohibited. Such acts of corruption may include in relation to:

Conflict of interest;

    1. Gift, entertainment and hospitality;

    2. Sponsorship and donation;

    3. Political contribution;

    4. Facilitation payment;

    5. Money laundering.