FGV HOLDINGS BERHAD | SUSTAINABILITY REPORT 2022/2023 41 PROMOTING ECONOMIC GROWTH CORPORATE GOVERNANCE & RISK MANAGEMENT Upholding high standards of governance, ethics and integrity is paramount to FGV’s long-term success. Embracing these principles not only establishes a strong foundation but also equips us with the capabilities to navigate challenges and adapt to changing environments. Beyond fostering trust and mitigating risks, compliance with these principles facilitates talent attraction and retention, nurtures positive relationships with stakeholders and safeguards our reputation, leading to long-term success and sustainability. Conducting our business with ethical practices and a steadfast commitment to combating bribery and corruption cultivates a positive workplace culture. By boosting employee morale and enhancing productivity, such practices will create a culture of respect, accountability and responsibility among our employees and workers across our operations. We recognise that upholding good governance, ethics and integrity will maintain stakeholder trust, safeguard labour rights across our operations and mitigate legal and compliance risks. As such, we remain steadfast in our commitment to upholding these principles across all facets of our business management and operations, ensuring long-term value creation for our stakeholders. WHY IT IS IMPORTANT CONTRIBUTION TO THE UN SDGs SDG target How we support the SDG Develop effective, accountable and transparent institutions at all levels FGV instil a robust culture of good governance, ethics, and integrity across the organisation through various policies and guidelines, and frameworks guided by its Governance and Integrity Framework. OUR APPROACH The Group’s PRIDE values serve as the cornerstone of ethical standards within our organisation. We are guided by the Group Governance and Integrity Framework, which comprises a set of robust policies, guidelines and frameworks. This framework enables us to inculcate a strong culture of good governance, ethics and integrity throughout our organisation. The framework includes the following policies: Code of Business Practice for Directors (COBP) Code of Ethics and Conduct for Directors (COEC) Anti-Bribery Policy Statement Anti-Bribery Management System Manual Whistleblowing Policy Referral Policy Asset, Personal, Interest Declaration Policy External Gift, Entertainment, Hospitality Policy Conflict of Interest Policy Sponsorship and Donation Policy Code of Business Conduct and Ethics (CoBCE) Policy Apart from adhering to our policies, we are actively implementing strategic initiatives to drive a positive culture of compliance and enhance understanding of ethical practices. This includes sending email blasts and putting up notifications on anti-bribery and corruption policies and procedures for permanent employees. Members of the Board are informed of the policies and procedures during FGV Board meetings. We also conduct comprehensive awareness training, both in-person and online sessions, for members of the Board of Directors, permanent and contract employees, foreign workers and business partners.
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