ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 32 H. How we Manage our Material Sustainability Matters (Cont’d) 1. Material Economic Sustainability Matters (Cont’d) 1.1 Ethics, governance and compliance (Cont’d) iv. Vendor Code of Conduct Our Vendor Code of Conduct sets out standards of business practice that are generally applicable to all vendors engaged by the Group. As a prerequisite to be an appointed vendor of the Group and as part of our procurement processes, all vendors are required to acknowledge compliance with and acceptance of the Vendor Code of Conduct. By the acceptance of a purchase order, letter of award, contract or agreement or by performance of any obligation to and agreed by the Group, vendors are expected to commit and are deemed to have committed themselves to comply with the Code at all times. The Group does not condone any unlawful or unethical practices by any of our vendors and will not extend any support or business opportunities to vendors that have negative reputations in the market. Non-compliant vendors will be blacklisted from future businesses with the Group. v. Whistleblowing Policy Our Whistleblowing Policy was established to provide appropriate communication and feedback procedures to enable employees and members of the public to report improper or unlawful conducts and ensure such incidences are handled in a transparent and confidential manner. For the financial year, the Group did not receive any reports or complaint. vi. Group Legal Compliance Programme and Related Party Transactions In addition to the abovementioned internal policies, the Group has also established additional internal policies and procedures: a. Group Legal’s compliance programmes As the function of our Group Legal Department was, in 2017, expanded to include general compliance, Group Legal organises various training sessions and disseminates regular digital legal alerts and bulletins to create and increase the Group’s awareness of and to ensure appropriate steps are taken where there are, changes in laws, rules and regulations, with specific focus on compliance and good corporate governance. Group Legal also undertakes annual compliance reviews on all of our key departments and subsidiaries to ensure practices and performance of their respective functions and the Group’s operations are in compliance with all existing Group policies and procedures that will help to determine areas for improvement. b. Related party transactions In line with our corporate values and as a responsible corporate entity, we make sure that the rights of our minority shareholders and institutional investors are adequately protected and our actions are not detrimental to them. All transactions with related parties during the reporting period under review are supported by definitive agreements with terms and conditions that are on arms’ length basis and on usual commercial terms. SUSTAINABILITY REPORT