Corporate Governance
| CODE OF ETHICS AND CONDUCT of Johore Tin Berhad’s Group of Companies |
| 1. | OBJECTIVE |
The Board acknowledges the importance of establishing a corporate culture which governs the high standards of ethic and good conduct of all Directors. The Code of Ethics and Conduct (“Code”) aims to provide fundamental guidance on the standards and principles of the business conduct and ethical behaviour of all Directors of the Group. The Directors is recognises the high standards of personal integrity and professionalism when dealings with its shareholders and other stakeholders.
2.PRINCIPLES
| A. | Duty to act in the best interest of the Group |
The Directors shall act bona fide in the interest of the Group and exercise their powers for the benefit and prosperity of the Group and its shareholders and other stakeholders.
B.Integrity
The Directors shall act honesty and integrity when dealing with people within or outside the Group, in discharge of their fiduciary duties.
C.Accountability
The Directors shall be responsibly when exercise their power for the benefits of its shareholders and other stakeholders.
D.Sustainability
The Directors shall aware to take sustainability into considerations whenever setting for the new strategy and objective goals of the Group as a whole.
3.COMPLIANCE WITH LAWS, RULES AND REGULATIONS
All Directors in exercising and discharging their powers and duties shall comply with all applicable laws, rules and regulations as well as the Group’s standards and principles of the business conduct and ethical behaviour within the Group.
4.CONFLICT OF INTEREST
The Directors shall avoid conflict of interests to deteriorate the ethical and professional judgment. The Directors shall declare to the Board when the conflict of interests arises between the benefits of personal and business. The Directors shall abstain from voting in any deliberation and decision on the matter that relating to his/her conflict.
5.COMPANY ASSETS
The Directors shall safeguard the Company’s assets to avoid any misuse, fraud, unauthorised usage or damage over the Company’s assets.
6.CONFIDENTIALITY
The Directors shall ensure all confidential and sensitive information are not disclosed to any unauthorised personnel. If the information is not known to the public but are sensitive to the market (“insider information”), the Directors and his/her related parties shall avoid insider trading and shall comply with all relevant laws and regulations as well as listing requirements.
| 7. | REPORTING VIOLATIONS OF THE CODE |
The Board has established the Whistle-blowing policy and is acknowledge the importance to maintain high quality of corporate governance. In the event of any violations of this Code by any Directors, the Board shall take necessary actions against the Directors, after taking into considerations of all relevant information and evidences.
8.REVIEW OF THE CODE
The Board will review and update the Code periodically in accordance with the needs of the Group and any new regulations that may have an impact on the discharge of the Board’s responsibilities.
Updated on 17/04/2019
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