KUMPULAN FIMA BERHAD ANNUAL REPORT 2020

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The new Anti-Bribery Policy familiarisation e-training module has been developed
during the year. This training module provides an overview of anti-corruption laws, the
Group’s ethical guidelines and grievance procedures and is also used to familiarise and
train third party service providers who perform services for the Group.
All employees who have successfully complete the module are required to sign a
confirmation that they will comply fully with the policy. Further, training on this Policy will
form part of the induction process for all new directors and employees.
There were also dedicated anti-bribery classroom-based training for Directors, senior
management and employees organised by the business units during the year.
The business units are also responsible
for adopting sustainability strategies
to their operating needs, as well
as providing the resources needed
for its implementation. They align
their brands, technologies and sites
involved in sustainability that is in
line with the specific challenges and
priorities of their business portfolio.
Our suppliers and contractors are
also required to observe the Group’s
commitments on issues such as health
and safety, environment, human rights
and local labour laws.
The Corporate Governance Overview
section can be read in this Annual
Report and website at
com.my/corporate-governance.html.
We require all our business units to
implement an appropriate level of risk
management to ensure compliance
with all relevant legislation, health,
safety and environment policies,
overriding business principles
and Group policies taking into
account business needs and local
circumstances.
Each business has developed and
documented policies and procedures
to comply with the minimum control
standards established over specified
processes, including methods to
mitigate risk, monitoring compliance
and taking corrective action. Further
details of our risk management can
be found in the Statement on Risk
Management and Internal Control
section in the Annual Report.
Responsible business practices
The economic returns created by
responsible and sustainable business
practices benefit a broad range
of stakeholders. This includes the
provision of employment to over
3,000 people in 3 countries. In
addition to corporate income taxes,
the companies within the Group pay
many other taxes, including local and
government taxes, social security
contributions on the wages of its
employees, SST, and customs duties
and property taxes. All these taxes are a significant source of funding for public
services by governmental institutions. We view the fulfilment of our tax obligations
as part of the process of creating sustainable value for all our stakeholders.
Ethical Conduct
The Group takes a zero-tolerance stance to unethical practices. We are committed
to complying with the rules and regulations of the countries in which we operate and
act ethically, consistent with the principles of honesty, integrity, fairness and respect.
Every employee is accountable for ensuring that these principles are always upheld in
all we do. We expect the same standards from all third parties who provide good and
services to our companies.
62.5 Employees
(salaries, wages,
and other benefits)
25.3 Shareholders
(dividends)
30.0 Government
(Tax and duties)
32.6 Reinvestment
in the business
Sustainability : Governance
Value Distribution
To Stakeholders
(RM Million)
Annual Report 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
82