2020 UEM Edgenta Annual Report

ETHICS & INTEGRITY We have in place a Code of Conduct which clearly sets out behaviours that are expected of everyone at UEM Edgenta in the workplace among colleagues, as well as externally with our business partners, investors, shareholders, the media and other stakeholders. Meanwhile, the Board ensures that strong corporate governance is in line with all relevant regulatory requirements. During the year, we reviewed and reinforced our ABAC guidelines to protect the Company against any possible legal action pursuant to the latest amendment to Section 17A of the MACC Act 2009, which introduces corporate liability in cases of corruption. Supporting our Code of Conduct and ABAC Guide, we have a Whistleblowing Policy & Procedures that encourages employees and other stakeholders to disclose any improper conduct observed. We take a serious view of any violation of our Code of Conduct or any applicable law, regulation or policy, and will take disciplinary action where justified. For more information on our governance policies and procedures, please refer to our Corporate Integrity and Ethical Business Conduct on pages 148 to 149 of this report. VENDOR DEVELOPMENT PROGRAMME We recognise the role we play in nurturing SMEs through the award of contracts under our different businesses, leveraging on the Government’s shared prosperity philosophy. Where possible, preference is given to local vendors and suppliers who have the capability and capacity to provide us with the goods and services required at a competitive price. Since 2014, we have been supporting the Bumiputera Vendor Development Programme (“BVDP”) which forms part of the Government’s Bumiputera Empowerment Agenda. Under this programme, we set a target of at least 30% of our total value of contracts to be outsourced to Bumiputera companies. The last few years, as well as in 2020, we have exceeded this minimum target and have awarded RM335.31 million (41.81% of our total outsourcing value) worth of contracts to Bumiputera companies. In addition to the award of contracts, we provide training to companies under our BVDP. In 2020, three of our BVDP vendors completed training organised by two Government technical agencies, Technology Park Malaysia (“TPM”) and Malaysia Institute of Transport (“MITRANS”). The programme consisted of three modules as follows: • Zero to Super Hero & Market Export, TPM – On how to run their business, stay competitive and export their products/services. • Zero to Super Hero, TPM – On how to improve their business management & operations • Project Management & Business Enhancement, MITRANS – On planning, scheduling and project implementation and financial management 1,297 new registrations on the Online Procurement System 2020 PERFORMANCE RM801.92 million value of contracts awarded to 1,756 qualified vendors ( RM335.31 million awarded to Bumiputera vendors) ANNUAL REPORT 2020 169 1 2 3 4 5 6 7 8