Tye Soon Limited requires its directors, managers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. We must fulfill our responsibilities with honesty and integrity, and comply with all applicable laws and regulations. We should be alert to situations where honesty and integrity are compromised. In such situations, violations should be reported.
Below is a list of examples of violations:
Accounting-Related Violations
Non-Accounting-Related Violations
An employee has the right to report any violation. He must do it in writing and must provide the following particulars:
No retaliatory action will be taken against such employee.
The report on any of the above violations, or other violations not highlighted above, is to be lodged with:
A report of a violation or suspected violation may be submitted on a confidential basis by the complainant. Such a report will be kept confidential to the extent possible, consistent with the need to conduct an adequate investigation of the matter in question.
The identity of the employee who reported the violation might be disclosed under certain circumstances which warrant such disclosure, for example:
The Audit and Risk Committee Chairperson will acknowledge the employee who made the report and confirm receipt of the report of a violation or suspected violation. All reports will be promptly investigated and appropriate action will be taken.
A complaints register will be maintained by the Audit and Risk Committee Chairperson to record all complaints received together with details such as date and nature of such complaints. The Audit and Risk Committee can approve the inspection of the Complaints Register by investigation authorities upon their request.
Any employee who files a frivolous or malicious complaint in bad faith will be subjected to disciplinary action, including, but not limited to, termination of employment.
The Audit and Risk Committee has the responsibility to ensure the maintenance, regular review and updating of the whistle-blowing policy and procedure. All amendments and alterations to this policy and procedure can only be effective upon approval by the Audit and Risk Committee and the Board of Directors.