Prestariang Embraces Section 17A, Malaysian Anti-Corruption Act 2009
At Prestariang, we adopt a zero tolerance policy against all forms of bribery and corruption. We understand how integrity, accountability and fairness are key in creating sustainable business and generating values to our stakeholders. Prestariang is committed to conducting its business in accordance with all applicable laws, rules and regulations and the highest ethical standards.
Following the passing of Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009, Prestariang has incorporated the new provision into Prestariang’s Anti-Bribery and Corruption Guidelines (“PABC Manual”); which elaborates on those principles. This provision is a new dawn in the combat against corruption – a necessary move to drive the nation’s sustainable economy ahead.
And Prestariang is proud to be a part of the cause.
The purpose of this PABC Manual is to provide guidance to employees of Prestariang and/or any person(s) associated with Prestariang (such as business associates, partners, agents, vendors, suppliers, contractors, consultants and any other third party service providers or persons who perform services for or on behalf of the Group, hereinafter referred to as “Associates”) concerning how to deal with bribery and corruption and related issues that may arise in the course of business.
This PABC Manual reiterates and reflects Prestariang’s steadfast, long standing commitment to conduct its business dealings with integrity, accountability and fairness to ensure its employees’ and Associates’ full compliance with the Malaysian Anti-Corruption Commission (MACC) Act 2009 and the MACC (Amendment) Act 2018 and any other local anti-bribery or anti-corruption laws that may be applicable.
This PABC Manual complements and should be read in conjunction with Prestariang’s Code of Conduct (“COC”) and Whistle-blower Policy.