GHL System Berhad Annual Report 2020

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 22 SUSTAINABILITY STATEMENT CONT’D IDENTIFICATION OF MATERIAL SUSTAINABILITY MATTERS (Cont’d) GHL and its subsidiaries have identified and prioritised material sustainability matters that influenced the way it operated. There were 14 material issues identified during the year, which were reviewed and prioritised by rank according to the importance towards the stakeholders and business operations, based on the approval matrix shown below:- REGULATORY COMPLIANCE TO LAWS RULES AND REGULATIONS The Group is fully committed to maintaining the highest standards in corporate governance and makes every effort to be fully compliant with all the relevant laws rules and regulations, in particular but not limited to the Companies Act 2016, Bank Negara Malaysia (BNM) respective rules and regulations, Bursa Malaysia in particular the Main Market Listing Requirements, Anti-Money Laundering Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA), Malaysian Anti-Corruption Commission Act 2009 (Act 694) and the Malaysian Anti-Corruption Commission (Amendment) Act 2019 (MACC) in particular Section 17A on the Corporate Liability of a commercial organisation in the combat against corruption, Personal Data Protection Acts 2010 (PDPA), Whistleblower Protection Act 2010 as well as other applicable compliance laws, regulations, and standards in all of the jurisdictions in which the Group operates. The Group has implemented a corporate-wide approach to monitor compliance and regularly review them to reflect the latest best practices and new regulations, which are communicated to all their employees through our Group Human Resources Department on a periodic and consistent basis to ensure that all our employees understand and are reminded on the importance of doing business in full compliance with the law rules and regulations.