61 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information SUSTAINABILITY REPORT Governance G GOVERNANCE (INTEGRITY, COMPLIANCE, ASSURANCE AND REPORTING CONCERNS) Wasco’s commitment in ensuring that integrity and compliance are observed in the day-to- day business operations, are pillars to a sustainable foundation of our culture and a business priority. We set high expectations to all our employees as outlined in our Principles of Business Conduct. These vital values of integrity and compliance are the fundamentals to good governance. Anti-Bribery and Corruption Wasco’s Anti-Bribery and Corruption Policy (“ABC Policy”) and Anti-Bribery and Corruption Management System (“ABMS”) together with its 24 Standard Operating Procedures (“24 SOPs”) established on 1 June 2020 and 1 December 2020 respectively are testimony of the Company’s initiatives and commitment towards an organisation that are integrity and compliant oriented. These fundamentals have been deeply rooted into the business perspective and in its corporate culture. Wasco adopted a zero-tolerance approach against all forms of bribery and corruption, such as fraud and illegal kickbacks. Wasco’s ABC Policy sets the tone and standards on anti-bribery and corruption across the Group while the ABMS together with its 24 SOPs communicate its comprehensive approaches and processes in deterring, mitigating and addressing corruption risks including bribery, fraud and corrupt acts. Wasco’s ABMS and its 24 SOPS are aligned to SIRIM ISO 37001:2016 standards and are the best practices as prescribed under Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (Amendment 2018) (“MACC Act”). Wasco’s ABC Policy fulfils the provisions of the Guidelines on Adequate Procedures pursuant to Section 17A (5) of the MACC Act. Directors Customers Clients Representatives Consultants Contractors Subcontractors Business associates (including joint venture and consortium partners) Vendors Employees Other intermediaries performing work or services, for and on behalf of Wasco Scope of the ABC Policy
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