GOVERNANCE BUSINESS ETHICS Why It Matters Our standing as an ethical and responsible organisation is central to our identity and a vital enabler of our continued progress. Any instance of fraud, corruption, conflict of interest or other violations of good business practices could irreparably damage our standing amongst our stakeholders, potentially leading to a loss of partnerships, business opportunities or even access to key markets. Conversely, by maintaining a spotless ethical record, we can solidify the trust of our stakeholders, paving the way for sustainable, long-term growth. Our Approach We strive to uphold standards in business conduct and ethics that meet all relevant regulatory requirements. To this end, we adhere to a wide range of policies and frameworks that provide clear guidance to all our employees, suppliers and stakeholders, with these policies approved and overseen by our Board and Board Committees. Standing Firmly Against Bribery and Corruption Our Anti-Bribery and Anti-Corruption Framework and Policy (“ABAC Framework and Policy”) clearly defines the activities and behaviours that constitute bribery, corruption and facilitation at DNeX. It is aligned with Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Act 694) (“MACC Act 2009”) and the Whistleblower Protection Act 2010, which outline the correct practices to be adopted to prevent corrupt practices and protect whistleblowers from negative ramifications. Furthermore, it is guided by ISO 37001:2016 Anti-Bribery Management Systems, to which we aim to obtain certification in the near future. To drive adherence to the ABAC Framework and Policy across our workforce and supply chain, annual training and awareness programmes on anti-bribery and anti-corruption are provided to all employees as well as key stakeholders of the Group, with updates to regulatory requirements and the impact of such changes to the policy communicated in a timely fashion. In FY2023, we conducted one awareness session, namely the DNeX Corruption-free Pledge session held on 20 October 2022, which saw the participation of approximately 230 staff via both physical or virtual attendance. In addition, all suppliers are required to read and indicate their commitment to abide by the ABAC Policy and Framework when conducting all business activities related to DNeX. Promoting Clarity on Gifts and Entertainment On a related note, we have adopted a Group-wide “No Gift” policy designed to educate our employees on “entertainment” behaviours which may be construed as an act of bribery. The policy dictates that, subject to certain exemptions, all DNeX employees and directors, their family members or agents acting on behalf of their interests may not – whether directly or indirectly – provide gifts to or receive gifts from external parties which have business dealings with the Group. To ensure that the policy is applied correctly, all forms of entertainment received or given must be declared in a dedicated register, which is then reviewed by our Group Human Resources Department on a quarterly basis. Driving Integrity Across All Business Practices Beyond compliance, we are committed to fostering a culture that values the principles of integrity and fairness across all business practices. Our Code of Conduct (“Code”), which contains a suite of policies and guidelines, plays an important role in this regard, covering aspects including commitment, Sustainability Statement DAGANG NeXCHANGE BERHAD 136
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