Giving Gifts (Corporate Gifts)
Corporate gifts: A gift given from one organisation to another, to and from appointed representatives of each. The gifts are given openly. Examples: Corporate diaries, Calendars, pens and festive gifts. No gifts of cash, cash equivalents or loans allowed. If gift likely to create sense of obligation – do not give.
Receiving Gifts (Corporate Gifts)
Personal gifts: Items given to or received by an individual, by his/her spouse or by any other third party acting on behalf of the individual. Cash, cash equivalents and loans must be rejected. Gifts to personal addresses are prohibited. If gift likely to create a sense of obligation – Reject.
Giving Hospitality
Hospitality: Cordial reception or disposition towards an individual, which might include entertaining guests in resorts, restaurants, conventions, concerts, sporting events, and other special occasions. For business purposes only. Do not provide hospitality if likely to create sense of obligation.
Receiving Hospitality
Do not accept hospitality if likely to create sense of obligation. Pre-approval from CEO is needed if Hospitality not directly related to the business where non-business guests are invited.
Prohibitions for giving & receiving
- Unregulated violent sports.
- Any unlawful or illegal activities against the Malaysian Law
- Any non-compliance activities against the Shariah Law
- Any other activities prohibited under Human Capital policies and procedures
Charitable Donations:
Donations, financial or in kind, given for the purpose of supporting a worth and needy cause, through a registered charity. Prohibited donations: Politically linked and made to secure a business deal.
Sponsorship:
Financing part of a project or event strictly on a commercial basis, carried out by another person or organisation, in return for advertisement and promotion.
Political Contributions:
Contributions, financial or in kind, given for the purpose of supporting a political cause. No political contributions permitted including secondment of staff to political parties.
Facilitation Payments
Payment to expedite the performance of routine official action. As per MACC Act: Facilitation payments = Bribe.
Support Letters:
A support letter is a request from an influential individual asking for special privileges to be given to a specific individual, company or organization. Support letters received in any form are banned, including verbal requests, phone calls, emails, SMS, etc.
