The Thong Guan Code of Conduct and Business Ethics (CoBE) underpins our commitment to upholding the highest standards of ethics and integrity in the conduct of the Group’s business and operations and this applies to all employees, directors and third parties who represent or act for the Group.
The CoBE is supported by the Thong Guan Anti-Bribery and Corruption Policy which applicable to all employees as well as third parties. Annual training on Thong Guan Anti-Bribery and Corruption Policy is provided to employees who have higher exposure to the risk of bribery and corruption.
Thong Guan enforces zero tolerance for all forms of bribery and corruption. Our No Gift Policy aim to further fortify the culture of ethics and integrity across the Group. Both Anti-Brobery and Corruption Policy and No Gift Policy are communicated to our major suppliers.
The Whistleblowing Policy encourages disclosure on any form of improper misconduct. There is no bribery and corruption case reported in financial year 2020 and 2019.
Since the introduction of the WHISTLEBLOWING POLICY, ANTI-BRIBERY AND CORRUPTION POLICY and NO GIFT POLICY, there was no cases of violation on the policies by the employees were reported. The Independent Audit Committee Chairman has not received any whistleblowing through e-mail or letter on any malpractices by the Management or the Company. During the financial year 2021, the Company do not make any political contributions which is in strict adherence to its policy. The Company also do not face any bribery or corruption charges brought up by the Authorities.