38
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
8.
Material Contract
There was no material contracts entered into by the Company and its subsidiaries involving the interest of the
Directors and/or major shareholders of the Company, either still subsisting at the end of the financial year, or
which were entered into since the end of the previous financial year.
9.
Corporate Social Responsibility
Our Group acknowledged the importance of Corporate Social Responsibility (“CSR”) in our business practices.
Our CSR platform touches upon responsible business practices, environmental stewardship and education
stewardship.
We run our operations in line with our values, applicable laws and regulations and with integrity. We believe
in empowering people close to the actions to take ownership and responsibility, and instill a culture that
values honesty, integrity and transparency alongside innovation and continuous improvement. To that end, we
launched our whistle-blowing policy in 2011 to strengthen our corporate governance practices and provide
employees with accessible avenue to report in good faith suspected fraud, corruption, dishonest practices
or other similar matters.
As well as meeting our customers’ needs, our business activities are directed towards addressing environmental
aspiration. We work alongside our customers to develop effective solutions that will help them address green
issues by reducing the life-cycle impact of their equipment and improving processes through recycling, reusing,
repairing, refurbishing and re-manufacturing their equipment.
We integrate health, safety and environment (HSE) considerations into all aspects of our business operations
and processes as afar as practicable and provide constant training and monitoring to ensure the safety and
overall well-being of our people. We implement and progressively certify the plants’ Occupational Safety and
Health Management System in accordance with OHSAS 18001:2007 with the aim of preventing accidents,
injuries, occupational illness and pollution, and conserving natural resources.
In line with the increasing global awareness for environmental protection, we require all our business to
operate in an environmentally responsible manner. Our approach is to ensure strict adherence to environmental
legislation governing treatment of plant effluents and waste water, and maintain strict control to minimize the
adverse impact on the environment. Our facilities are accorded ISO 14001:2004 certification and we encourage
all our operating subsidiaries to adopt an environmental management system to manage their environmental
performance.
Delivering outstanding performance requires exceptional people. At Frontken, we aim to create a culture of
lifelong learning, driven by a training and development programme to support continual self-improvement
and help our people achieve their potential. We sponsor students to compete in events to create a culture
where students not only emulate leaders in science, technology and engineering, but also realize the potential
within them to someday be one of those pioneers.
From a community prospective, we continue to support and promote education and training in the regions
where we operate, seeking to improve the future prospects of both future leaders of the world and our
workforce, we extended support to Singapore’s Institute of Technical Education by providing its students with
skills and knowledge, as well as exposure in global business trends and developments and different work
practices cultural environments at our service plants in Singapore, Malaysia and China. We also encourage
employees’ involvement in efforts to help local communities.
ADDITIONAL
DISCLOSURE
(cont’d)
