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No Gift Policy

No Gift Policy

(hereinafter referred to as the “Policy”)

of Abletech Solutions Sdn. Bhd.

 

 

POLICY STATEMENT

At ABLETECH SOLUTIONS SDN. BHD. (Registration No. 201901022986 (1332315-V)) and its subsidiaries (hereinafter referred to as the “Group”, “we”, “our” or “us”), we are committed to conduct our business with integrity.

In line with that commitment, we have developed this Policy as a guideline for all customers of the Group (hereinafter referred to as the “Customer”) or the Group’s vendor, seller,s, suppliers or contractors (hereinafter collectively referred to as the “Business Associate”), to strictly adhere to when dealing in any matters concerning the Customer or Business Associate with the Group.

This Policy shall strictly adhere to the following guidelines:

  1. We condemn any form of bribery or corruption and require our Customer and Business Associate to take all necessary measures to prevent corrupt practices when dealing with the Group, including its directors, employees and any person acting on the Group’s behalf (hereinafter referred to as the “Personnel”).

 

  1. The Customer and Business Associate shall not, at all times:

 

  1. offer or provide, whether directly or through any intermediaries, any bribe, gift, reward, consideration, favour, or any other advantage, whether material or immaterial (hereinafter referred to as the “Advantages”) to any Personnel for the purpose of:

 

  1. influencing them to act contrary to the Group’s interest; 

  2. obtaining or rewarding favourable treatment by the Group with respect to the terms, conditions, price and/or performance of a contract;

 

  1. offer or provide Advantages which might be considered a bribe under international legislation, to a government office, whether in Malaysia or any other country;

 

  1. collude with other parties to preclude or compromise dealings with the Group. The Customer and Business Associate also undertake to report to the Group, through its official reporting channels stipulated below, any such attempts made by others to involve the Customer and Business Associate in acts of collusion against the Group; and/or

 

  1. instigate third parties to perform actions pertaining to the above.

  1. Customer and Business Associate shall ensure that they adhere to the following:

 

  1. Gift

    1. Any gift provided or received must be unsolicited and not affect, or be perceived as affecting, business judgment. Gifts should only be offered to and received in connection with customary business or cultural occasion. Cash, loans, kickbacks, or the equivalent advantages are absolutely prohibited.

    2. Gifts must not exceed RM150.00 and in any event, must not occur more than 3 times in a year, to Group’s Personnel.

 

  1. Entertainment and Corporate Hospitality

    1. Hospitality must be unsolicited and not effect or be perceived as affecting business judgment. 

    2. Meals, entertainment and hospitality should only be offered to and received from our Personnel dealing with the Customer or Business Associate in their role in the Group, is for purposes supported by the Group and may only be offered in conjunction with legitimate business meetings, conferences or events hosted, supported, or sponsored by the Group. They may never be provided on a stand-alone basis.

    3. Entertainment, meal and hospitality provided must not ex

    4. Meal, entertainment and hospitality must not exceed RM150.00 (for non-management), RM250.00 (for managers and executives), RM350.00 (for senior managers and above), RM500.00 (for directors) and in any event, must not occur more than 3 times in a year, to Group’s Personnel.

    5. All requests must be made by well-established organisations on their official letterhead to the Group, regardless of value.

 

  1. Facilitation Payments & Kickbacks

 

  1. The Group shall never allow any of its Personnel to make or use third parties to make an unofficial payment in order to secure or expedite routine administrative actions, such as customs clearances, visas, permits or licenses.

  2. Any form of kickback is prohibited.

  3. If you receive a request for a facilitation payment, you must immediately report such request to the Group as per the official reporting channels provided below.

 

  1. Official Reporting Channels

Please report any suspected instances of corruption or attempted corruption in matters or dealings relating to the Group and its employees so that the Group may take steps to address this urgently via email to whistleblowing@subplace.com or complete the Whistleblowing Form online through our website.  

 

This Policy is updated as at 02 October 2023.