Commitment to ethical professional conduct is expected of every director of PMB Technology Berhad (“PMBT” or “the Company”) and its subsidiaries (hereinafter referred to as “the Group”). This Code of Ethics, consisting of commitments formulated as statements of personal responsibilities, identifies the elements of such a commitment.
It is understood that some words and phrases in this Code of Ethics are subject to varying interpretations, and that any ethical principle may conflict with other ethical principles in specific situations. Questions related to ethical conflicts can best be answered by thoughtful consideration of fundamental principles, rather than reliance on detailed regulations.
This Code is based on the principles of sincerity, integrity, responsibility and corporate social responsibility.
This Code is intended to focus on the Board and each Director on areas of ethical risk, provide guidance to Directors to help them recognise and deal with ethical issues, provide mechanisms to report unethical conduct and help foster a culture of honesty and accountability.
This Code is designed to enhance the standard of corporate governance and corporate behaviour with the intention of achieving the following objectives:
No code or policy can anticipate every situation that may arise, or replace the thoughtful behaviour of an ethical Director. Directors are encouraged to bring questions about particular circumstances that may involve one or more of the provisions of this Code to the attention of the Chairman of the Board, who may consult with legal counsel as appropriate.
In the context of this Code, a Company Director means any person who holds the position of Director in the Group, irrespective of any designation used, including anyone who follows the directives and advice of a corporate Director and who usually takes action, as well as an employee or substitute Director. It includes both executive and non-executive Directors as well as executive and non-executive chairpersons.
6. Code of Ethics
In the performance of his or her duties, each Director must comply with the letter and spirit of the following codes: Corporate Governance
Relationship with Shareholders, Employees, Creditors and Customers and other Stakeholders
7. Conflict of Interests
8. Social Responsibilities and the Environment
9. Compliance Standards
Approved by the Board of Directors on 29 May 2013.