The Board of Directors of GFM Services Berhad believes in the implementation of a sound framework of rules and practices to ensure that the Company is steered and governed in an effective manner, focusing on progressive and sustainable growth, whilst enhancing stakeholders’ values.
To this effect, the Board has established the following responsibilities for adherence, towards achieving good corporate governance.
Governace
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- Board Charter
- Audit Risk Management Committee (ARMC) Term of Reference
- Nomination Remuneration Committee (NRC) Term of Reference
- Anti Bribery and Corruption Policy
- Whistleblowing Policy
- Sustainability Policy
- Quality, Safety, Health and Environment (QSHE) Policy
- Fit and Proper Policy
Board Charter
The Board of Directors (“the Board”) is responsible for the oversight of the Company’s operations and strategy, as well as responsible to the shareholders to ensure that the highest standards of corporate governance are followed in its pursuit of improving value of the Company’s shares.
In short, the Board’s objectives are:-
To help the Company to succeed;
To add value and support, as a Board, to the executive team;
To deliver exemplary corporate governance and build effective and open Board;
To represent well the values that the Company stands for; and
To be a team player of the Company.
Audit Risk Management Committee (ARMC) Term of Reference
The Audit and Risk Management Committee (“ARMC”) is established to act as a committee of the Board of Directors (“the Board”) to fulfill its fiduciary responsibilities as outlined in Chapter 15 at the ACE Market Listing Requirements (“Listing Requirements”) and all other relevant directive as imposed by Bursa Malaysia Securities Berhad (“Bursa Securities”), and to assist the Board to review the adequacy and integrity of the Group’s financial administration, risk management, internal control and reporting. The ARMC shall also assist the Board to review and update the Anti-Bribery and Corruption Policy of the Group from time to time.
Nomination Remuneration Committee (NRC) Term of Reference
The Nomination and Remuneration Committee ("NRC") is established to act as a committee of the Board of Directors ("the Board") to fulfill its fiduciary responsibilities as outlined in Chapter 15 of the ACE market Listing Requirements ("Listing Requirements") and all other relevant directive as imposed by Bursa Malaysia Securities Berhad, and to assist the Board in the following areas...
Anti Bribery and Corruption Policy
GFM Services Berhad and its subsidiaries (“GFM”) are committed to conducting business dealings with integrity. This means avoiding practices of bribery and corruption of all forms in GFM’s daily operations.
GFM has adopted a zero-tolerance approach against all forms of bribery and corruption and takes a strong stance against such acts.
Compliance to the Anti-Bribery & Corruption Policy (“ABC Policy” or “the Policy”) is mandatory and will be monitored with a principle-based approach.
Whistleblowing Policy
The GFM Whistle-blowing policy and supporting guidelines provide details on the reporting and handling of any compliance violations. It is the policy of GFM to ensure that an open working environment is maintained for the legitimate reporting by all GFM directors, employees or contractors, of any unlawful, undesirable or improper conduct, without fear of reprisal. The policy applies to all directors, employees and contractors of GFM and its subsidiaries.
Sustainability Policy
The Policy sets out requirements for sustainability across GFM Services Berhad and the entities that it controls (“the Group”).
Sustainability is the integration of environmental, social and governance factors into decision making to maximize short and long term shareholder value, seek competitive advantage, and contribute to safe and healthy employees, communities and ecosystems.
Quality, Safety, Health and Environment (QSHE) Policy
GFM is committed to provide excellent service delivery by consistently exceeding customers’ requirements. We shall achieve this by satisfying all applicable requirements, establishing, maintaining, and continuously improving the effectiveness of a Quality, Safety, Health and Environmental (QSHE) Management System that encompasses all our resources and activities.
Fit and Proper Policy
