Yokohama Industries Berhad (‘YIB’) and its subsidiaries (collectively, ‘the Group’) have always been proactive in promoting good corporate governance and ensures that the principles and best practices of good governance are practiced throughout the Group. We are also committed to operate and conduct our business with integrity in a fair, trustworthy, open, honest, transparent manner, responsible and free of corruption.
The directors of YIB and the Group are committed to ensure that the Group practices the highest level of integrity and ethics; and complies fully with the applicable laws and regulatory requirements on anti-corruption. The Group practices a zero-tolerance approach against all forms of bribery and corruption, and upholds all applicable laws in relation to anti-bribery and corruption.
This Anti-Bribery and Anti-Corruption Policy (“ABAC Policy”) provide a clear statement of the conduct to foster the growth of a business environment that is free of corruption, and to ensure our businesses do not participate in corrupt activities and comply with all applicable laws and regulations. This ABAC Policy set out the parameters including the main principles, policies and guidelines, which the Group adopts in relation to anti-bribery and corruption. This ABAC Policy is intended to be an additional Policy. The existing Policies for YIB and the respective subsidiary remain applicable and binding on each of the employees of YIB and the respective subsidiary.
All our employees, suppliers, partners and those working in joint ventures that we operate, are expected to understand and work in line with the principles outlined in the ABAC Policy.