The Manager strives to develop, promote and maintain high standards of corporate governance. Guidelines on the required behaviour and conduct, concerning due diligence, information confidentiality, prohibition of accepting gratuities and declaration of conflict of interest, are stipulated in the Manager’s Code of Conduct for all employees to observe.
As part of a wider training initiative driven by ESR, a series of training on various compliance topics was rolled out in 2022 to educate and refresh our employees’ knowledge on the relevant laws, regulations and internal controls that apply to their day-to-day job responsibilities. The robust compliance training program required employees to complete training on five compliance topics. The training is designed with the purpose of reducing organizational risks and boosting our stakeholders’ confidence in our business and operations.
All employees received training on expected workplace behaviours and procedures. This included preventing discrimination and harassment in the workplace, conflicts of interest, bribery, as well as fair dealing and working with integrity.
Regulators around the world have stepped up enforcement efforts and tightened anti-bribery and anticorruption laws and regulations. The penalties of non-enforcement are serious and the ramifications for companies can be dire. This training helped employees recognize and mitigate the risks associated with anti-bribery and anti-corruption, and familiarized employees with anti-bribery and corruption laws and regulations.
With spotlight on ESG, our employees learnt how ESG has evolved from corporate social responsibility to include a wide range of issues, including product safety, sustainability, diversity, human rights and governance. The course also delved into the purpose of ESG investing and how a company can benefit from integrating sustainability considerations in its operations.
Money launderers are now adopting more sophisticated methods to disguise the proceeds of crimes. This training course refreshed our employee’s knowledge about the risks and red flags they should recognise to identify potential anti-money laundering practices.
Insider dealing and market manipulation are crimes which can result in serious penalties, including fines and imprisonment. Employees were briefed on to the laws and regulation concerning market conduct and what to do if they have suspicions.