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Malakoff Vendors’ Awareness Day – Enhancing Procurement Practices & Strengthening Governance

13 June 2022

Malakoff’s Procurement and Risk Management teams with Tuan Jayakantha Kumar, Deputy Head of Government-Linked Companies (“GLC”) & Private Sector Brand (standing, fourth from right)

The third edition of the Malakoff Vendors’ Awareness Day was successfully held on 14 June 2022, in collaboration with the Malaysian Anti-Corruption Commission (“MACC”) at Malakoff’s Headquarters, Plaza Sentral, Kuala Lumpur. The event, held virtually, witnessed overwhelming participation from registered vendors as we continue to work together with our business associates to uphold governance best practices. The main objective of this event was to improve the quality of Malakoff’s procurement procedures, enhance its process efficiency while promoting transparency and strengthen the company’s contract management processes. This initiative is also in line with Goal 12 and Goal 16 of the United Nations Sustainable Development Goals (“SDGs”) which involves promoting public procurement practices that are sustainable as well as committing to fight corruption and increase transparency, respectively.

Mr. Anthony Hiew, Malakoff’s Head of Group Procurement giving his welcoming remarks to the vendors

In his welcoming remarks, Mr. Anthony Hiew, the Head of Group Procurement highlighted that the topics covered in this event had been carefully selected to enable vendors to have a better understanding of Malakoff’s requirements and increase their awareness on procurement best practices.

Tuan Jayantha Kumar reiterates the importance of integrity

Encik Adi Faimi, the Head of Risk, Process Improvement & Integrity then led the session with a brief introduction to Malakoff Group’s Anti-Bribery Management System (“ABMS”). This was followed by a presentation by Tuan Jayantha Kumar, the Deputy Head of Government-Linked Companies (“GLC”) & Private Sector Brand from the MACC on Section 17A Corporate Liability & Bribery Matters. His talk focused on the various acts of bribery that commercial organisations are prone to commit should integrity guidelines be compromised, and the subsequent catastrophic implications on the individual and the organisation.

Q&A session with the participating vendors

The virtual session proceeded with other speakers presenting on various topics such as vendor management, procurement processes & procedures and tender formats, along with a Q&A session at the end of each topic. Participants were also introduced to the Group’s Vendor & Document Management Portal System (“VDMP”), a new platform to process Malakoff’s procurement via the online portal.

The event ended with a fun, engaging quiz which gauged the participants’ knowledge and awareness on the MACC Act, Whistleblowing Policy, and the Vendor Code of Conduct. Overall, this initiative successfully brought together our business associates with a common goal of ensuring efficient, effective and ethical procurement processes, in parallel with strong governance practices.

On 27 November 2020, Malakoff was honoured with the certification of ISO37001:2016 ABMS by SIRIM QAS International Sdn Bhd for its commitment in upholding the highest standards of ethical conduct, integrity and accountability in all of its business activities and operations. This is in compliance with the new Section 17A of the MACC Amendment Act 2018, enforced by the Malaysian Government on 1 June 2020. The Group continues to carry out key governance activities as part of its ESG efforts, focusing on building an effective and accountable working environment.

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