“the new corporate culture to fight corruption”
TRANSCRIPT
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
“The New Corporate Culture to Fight Corruption”
By : Dato‘ Lee Kim MeowManaging Director
Top Glove Corporation Bhd
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
SUMMARY1. How Did It Get Started?
2. Why Must We Embark On This Journey?
3. What More Must Be Done By Us?
4. Who Should We Work With?
5. When To Implement The Integrity Culture?
6. Where Do We Go From Here?
7. Top Glove’s RIVER Corporate Values
8. Concluding Note
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Did It Get Started?How• In 1998, zero tolerance on a senior management’s cheating case.
• In 1999, a classic European glove customer’s dishonest request.
• In 2000, being patient in our company’s listing application.
• In 2001, not entertaining the stock market syndicates.
• In 2006, inspired by the Police (PDRM)’s anti-corruption badge.
• In 2008, established Top Glove’s Prevention & Anti-Corruption Committee (TGPAC).
• Inspired by Warren Buffet’s thoughts on criteria for hiring: high intelligence, high energy & high integrity.
• In 2017, we were certified with the ISO 37001:2016 Anti-Bribery Management System. Established new compliance function known as Integrity Unit (HIT) with one fulltime staff.
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Must We Embark On This Journey?
• After becoming the largest rubber glove manufacturer in 2006, we need a strong foundation for a lasting business
• We need to earn the trust & respect of our customers, employees, suppliers and business partners.
• We must create a healthy and productive business environment.
• We want to create a fair and level playing field among competitors.
• We want to be a responsible corporate citizen.
• We want to do our part to prevent corruption so that everyone can move to a developed nation status.
Why
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
More Must Be Done By Us?• Continue to strengthen the “conduct from the Top Management”.
• Restructured Top Glove’s Prevention & Anti-Corruption Committee (TGPAC) in 2018.
• Continue to wear the Anti-Corruption & No Cheating Badge prominently since 2008.
Translated into multiple languages.
• Engaged all stakeholders in our eco-system : customers, employees, suppliers, bankers,
government bodies and etc.
• Stepped forward to sign the MACC’s Integrity Pledge in 2011 and Tan Sri pledged Ikrar
Bebas Rasuah (IBR) with FMM and In House Pledge by the Top Management in 2018;
extend to Board of Directors (BODs) in 2020.
• Enhanced & Enforced a strong whistle blowing policy as well as a No gift policy.
Strengthened our employee code of conduct.
• Increased the number of fulltime staff in the Integrity Unit (HIT) to cater for its expanding
scope.
What
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Should We Work With?
• Our Eco-System
• Our NGOs
• Our Government
• Our Society
Who
“COLLECTIVE ACTION”
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Eco-System᛫ Customers᛫ Employees᛫ Suppliers᛫ Bankers᛫ Competitors
Collective Action
NGOs
• Transparency International (TI)
᛫ Business Integrity Alliance (BIA)
᛫ Business Ethics Institute Malaysia (BEIM)
᛫ Business Councils
᛫ Associations
Government & GLCs
᛫ Malaysian Anti-Corruption Commission (MACC)
᛫ Institute Integrity Malaysia (IIM)
᛫ SIRIM
᛫ Securities Commission
᛫ Bursa Malaysia
Society᛫ MNCs᛫ SMEs᛫ The Media᛫ Public at large
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Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
To Implement The Integrity Culture?
• Practice transparency in the work place.
• Recruitment time.
• Meeting time.
• Sharing time.
• Dealing with all stakeholders .
• In order to get the latest update, we follow up closely with MACC’s Anti Corruption initiatives
• Support MACC & Transparency International (TI)’s good programs.
• Display our Anti-Bribery and Anti-Corruption Policy prominently.
When
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Do We Go From Here?• To improve and extend / expand our Anti-Bribery Management System (ABMS) scope.
• To work closely with the Government via the Police, MACC, IIM, BIA & etc.
• To continue to share the consequences of bribery and advantages in combating corruption with our employees.
• To do the business ethics and quality claps in every meeting.
• To inculcate a culture of Integrity in every aspect of our business process.
• To share Top Glove’s RIVER corporate values with other stakeholders.
Where
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Enhanced morale among
employees
Attract good
suppliers and
employees
Customers / Suppliers
more comfortabl
e in dealing with usEmployee
s learned good
values
Easier to make
business decisions
Develop well
maintained system
Benefits of Anti-Bribery Management System (ABMS) certification to our Business
Gained respect in
the industry
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Anti Bribery and Anti Corruption Policy
We believe bribery and corruption is a crime and preventing it is our duty.
We adopt a zero tolerance policy towards all forms of bribery and corruption.
We are committed to continual improvement of our anti bribery and anti corruption management system.
We are obliged to comply with local and foreign bribery and corruption laws.
Don’t Give, Don’t Ask, Don’t ExpectCorruption & Bribery are not normal
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
COLLECTIVE ACTION PLAN
INTEGRITY LETTER
All suppliers and other business associates whohave financial dealings with Top Glove cooperatedto sign the Letter on Enforcement of CorporateCulture (LECC) to affirm their adherence to ourpolicy and practice of non-corruption.
ANTI CORRUPTION BADGE & SIGNAGE•Badges wore by employees prominently•Signage displayed at our factory entrance•Badges as souvenirs given to visitors/suppliers•Badges painted on our vans and company vehicles
✓
✓
TOP GLOVE’ INITIATIVES IN CULTIVATING INTEGRITY CULTURE
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Office Room Recruitment Time Meeting Time
Sharing Time Lunch / Dinner time Integrity Run Event
TOP GLOVE’ INITIATIVES IN CULTIVATING INTEGRITY CULTURE
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020
Top Glove Corporate Values of
RESPECT
INTEGRITY
VALUE
EMPOWERMENT
RELATIONSHIP
We earn respect by treating others with respect
We do the right thing every time
We add value every day
We entrust our people with responsibility
We foster collaboration for mutual good
Like a RIVER flows to the SEA. Never stop. Never going the reverse way. Always find its way no matter how many rocks are coming. Benefiting others throughout the journey and
arrives at the final destination persistently.
RIVER
Corporate Liability – Towards Greater Governance and Accountability MIM Learning Insights 12th June 2020