Wah Seong Corporation Berhad Annual Report 2019

66 WAH SEONG CORPORATION BERHAD The Group is dedicated in supporting the local communities within which it operates and through its corporate responsibility programmes, the Company will continue to implement initiatives to contribute back to the society and local communities. A separate Statement on Sustainability is as set out on page 10 to 22. 8. CORPORATE DISCLOSURE POLICIES AND PROCEDURES The Board has established a Corporate Disclosure Policies and Procedures aiming at effectively handling and disseminating the corporate information timely and accurately to its shareholders, stakeholders, potential investors and the public in general as required by Bursa Malaysia Securities Berhad. The Corporate Disclosure Policies and Procedures are available on the Company’s website at www.wahseong.com . 9. ANTI-CORRUPTION MEASURES With effect from 1 June 2020, the Company is required to publish the Anti-Bribery and Corruption Policy (“ABC Policy”) on the Company’s website in compliance with the MMLR. The Board of Directors are committed to establish and maintain the policies and procedures on anti-corruption that are guided by the Guidelines and Adequate Procedures issued pursuant to Section 17A (5) of the Malaysian Anti-Corruption Commissions Act 2009 (“MACC Act”). The Board of Directors will ensure that the policies and procedures on anti-corruption are reviewed periodically, at least once every 3 years to assess on the effectiveness in addressing and mitigating corruption risks. The Board of Directors has entrusted the task to the Risk Management Committee to establish the appropriate policies and procedures and to oversee the function of anti-corruption and corporate liability for corruption besides incorporating corruption risk in the risk register and in the annual risk assessment of the WSC Group. The Oil and Gas Division of the WSC Group under the championship of Wasco Energy Ltd, the wholly-owned subsidiary of WSC has appointed Elite Consultants & Training Plt (“ECT”) to provide advisory services for the establishment, development and implementation of the ISO 37001 Anti-Bribery Management Systems which would eventually lead to the ISO 37001:2016 Certification by SIRIM. 10. CORPORATE GOVERNANCE REPORT Please refer to the Company’s Corporate Governance Report on the extent of the Company and its Group’s application and compliance with the MCCG 2017 and the relevant explanations for the deviations which can be downloaded from the Company’s website at www.wahseong.com. CORPORATE GOVERNANCE OVERVIEW STATEMENT