Our Charter
The Board of Directors operates in accordance with a charter that provides
guidelines which are premised on principles of good corporate governance in
Malaysia. These are intended to provide a tool to the Board for consistent
application of its procedures; to ensure awareness of good corporate governance, in
accordance with the Malaysian Code of Corporate Governance and Listing Requirements
of Bursa Malaysia Securities Berhad; and common law duties and responsibilities.
Our Code of Conduct
To sustain good corporate governance, the Board of Directors has formulated and
adopted a code of ethics and conduct which is fully aligned with our core values of
Caring, Creative, Competent.
By living the core values through the Code of Ethics and Conduct, we foster a culture in which people act as a team, working together towards our common goals. The Code of Conduct is applicable to all Directors and employees and encompasses issues relating to confidentiality, compliance with the law, conflict of interest, harassment in the workplace and environmental issues and more.
By living the core values through the Code of Ethics and Conduct, we foster a culture in which people act as a team, working together towards our common goals. The Code of Conduct is applicable to all Directors and employees and encompasses issues relating to confidentiality, compliance with the law, conflict of interest, harassment in the workplace and environmental issues and more.
Our Stakeholders
We recognise the importance of maintaining effective communication channels between
the company, shareholders and the general public and we acknowledge the need for
shareholders and other stakeholders to be informed of all material business matters
affecting the company in a timely manner. The Board is therefore committed to
ensuring that shareholders and the general public have easy and convenient access to
the Group’s latest financial results, news, annual reports and other corporate
information. Visit the respective sections of this website for all the latest
updates.
Sustainability
The key to the future of any business is sustainability. To
ensure that our business endures for the benefit of our employees, shareholders and
the community at large, we operate in accordance with processes that protect our
staff, that care for the environment, give value to our shareholders and provide
opportunities for the communities where we work.
Whistleblowing
In line with good corporate governance practices and with the introduction of the
Whistleblower Protection Act 2010, the company operates in accordance with a policy
that encourages its employees and stakeholders to report any wrongdoing on the part
of employees, management, Directors and vendor in particular with respect of their
obligation to the Group’s interest. This policy provides a formal and confidential
channel for any individual to report concerns about any suspected and/or known
wrongdoing.
Anti-Bribery & Corruption
The policy of the OMESTI GROUP is to conduct its business in an
open, honest and ethical manner. The Group adopts a zero-tolerance approach to all
forms of bribery and corruption. It is governed by clear rules and guidelines
relating to improper solicitation, bribery and other corrupt activities and issues
that may arise in the course of business. All employees are required to comply with
these rules and to carry out their duties in a professional manner with utmost
integrity while avoiding any conflict of interest. Similar guidelines apply to third
parties engaging with the Group
Terms of Reference
Audit & Risk Management Committee
The role of the Audit & Risk Management Committee is primarily to oversee
and review the internal and external audit activity of the Group and to keep
the Board of Directors informed of any pertinent findings.
Nominating Committee
The principal objective of the Nominating Committee is to assist the Board
of Directors in overseeing the selection and assessment of Directors.
Remuneration Committee
The principal objective of the Remuneration Committee is to assist the
Board of Directors in their responsibilities in assessing the remuneration
packages of the Executive Directors and Senior Management.