We adopt a clear zero-tolerance policy in the event of bribery or corruption. In this regard, Timberwell Berhad ("TWB") has in place an Anti-Bribery and Corruption Policy, which covers the areas of bribery, gifts and business courtesies, events and arrangements, facilitation payment, offering of gifts and arrangements for public authorities.
Our No Gift Policy is established to avoid actual or perceived conflict of interest in any ongoing or potential business dealings and decision making, and to demonstrate our commitment to the highest standards of ethics and integrity.
The policy prohibits employees to receive gifts or asking for (soliciting) gifts from external parties including customers, business partners, suppliers, regulators, and government officers. The policy covers all types of gifts, in the form of cash or cash equivalent, including gift certificates, loans, commissions, discounts, services, advantage or any other benefit which is not extended to all employees of MB.
However, corporate gift and souvenirs which are given out of hospitality are exempted if the following criteria are met: