AwanBiru Technology Berhad - Annual Report 2021

Principle 5: Governance to Drive Compliance and Best Practices Keeping Our Operations Free fromBribe and Corruption Here in Awantec, we are committed to conducting business with integrity, accountability, fairness and promotes a zero tolerance policy against all forms of bribery and corruption. We defined bribery and corruption as any action which would be considered as an offence of giving or receiving gratification under Malaysian Anti-Corruption Commission Act (“ MACCA ”) 2018. We do not condone any form of bribery including but not limited to, offering, giving, receiving or soliciting something of value such as money, donation, gift, loan, fee, or reward in an attempt to illicitly influence the decisions or actions of a person in a position of trust within an organisation, regardless of the bribery being active bribery, passive bribery or facilitation of payment. We do not condone any form of corruption, including but not limited to, acts of extortion, collusion, breach of trust, abuse of power, trading under influence, embezzlement, fraud or money laundering. Our Board of Directors takes ultimate responsibility for risk management of all forms of bribery and corruption which falls under unacceptable risk of non-compliance with MACCA, and has delegated oversight responsibility to the Risk Management Committee (“ RMC ”) in ensuring that our Anti-Bribery and Corruption Manual (“ ABC Manual ”) is in place to address the risk, and being adhered to. The Chairman of the RMC, who is an Independent Non-Executive Director, reports to the Board of Directors on quarterly basis. In line with our zero tolerance policy towards bribery and corruption, we empower all employees to speak up and report any form of bribery, corruption or any other unlawful behaviours in good faith via our Whistleblowing channels. Our whistleblowing mechanism allows the report to be done by our employees anonymously without having to fear any retaliations of backlashes. Our stand against all forms of bribery and corruption are further detailedwithinour ABCManual, which is communicated to all employees of Awantec, and can be downloaded from our corporate website https://www.awantec.my . Violations of the ABC Manual are grounds for disciplinary action, up to and including termination of employment. Keeping the momentum from our adoption of the newly amended MACCA in the last financial year going, we continue to drive Group-wide awareness among our employees on the topic of bribery and corruption via our Anti Bribery and Corruption Talk. The series were hosted by both internal and external subject matter experts, cutting across various topics including new controls and procedures under the MACCA 2018, main offenses of corruption and corporate liability. Doing Well by Operating Ethically and Sustainably Operating ethically is crucial in keeping our business and operations sustainable, as this is the very core that instills trust between us and our stakeholders. In keeping that confidence level high, we continue to maintain high standards of corporate governance, sustainability governance and give our best to abide by all applicable best practices in the business and affairs of Awantec and its Group of companies. Guided by our longstanding commitment to comply with all relevant legislation, regulations, codes, as well as our fifth sustainability principle, and our materiality matter of ethics and integrity, we have kept ourselves engrossed in implementing transparent, effective, ethical and sustainable processes across our business supply chain. Sustainability | Awantec 75 Annual Report 2021