Corporate Governance

1.0      Introduction

 

The Board of Directors of the Company is aware of its responsibility in ensuring the sustainability of the organization and in this context, strives conscientiously to enhance efforts to continuously improve the organization by doing business in a responsible manner towards the stakeholders, employees, business associates and the community at large for a sustainable and profitable future, and in enhancing long term shareholders value.

 

2.0      CR In The Marketplace

 

The Group recognises that market confidence in the Group’s business operations and business conduct is of paramount importance to the Group’s continued success. Hence various best practices; policies and procedures on excellent business ethics and values, good corporate governance and procurement policies, quality and stakeholder engagement; are enforced throughout the Group such as:

 

  • Implementing an effective and efficient operational structure for timely delivery of quality products and services, accident-free operations, elimination of occupational health hazards and environmental conservation and preservation with continuous maintenance programs. 

 

  • Practicing of good governance with commitment in ensuring true and fair financial reporting with the maintenance of a proper risk management framework for safeguarding the Group’s assets and prevention of fraud and other irregularities.

 

  • Disclosing and transfering of quality information to investors, regulators, customers, suppliers, employees and general public with proper accountability and transparency.

 

  • Controlling of the purchasing process to ensure that materials and/or services are purchased to satisfy clients’ requirements and contract specifications in terms of pricing, quality, availability and timely delivery.

 

  • Carrying out regular reviews, process improvements and quality control assessments eg. with the adoption of ISO 9001:2008 system certification to continuously enhance the production process and quality of products and services to prevent product defects, accidents, health and environmental hazards, at the same time satisfying customers’ requirements and meeting the needs of stakeholders and the communities at large.

 

3.0      CR In The Workplace

 

The Group strongly believes that its employees is the key asset as they play a vital role in the success and sustainability of the Group and hence, constantly invests in its employees through the following approaches:

 

  • Ensuring that the health and safety of its employees are taken care of at the workplace by the setting-up of a Safety Committee to monitor, review and improve on the health and safety rules, operations and performance and to raise and promote health and safety awareness at all levels, eg. briefing on fire prevention awareness, participating in walkathon and walk hunt.

 

  • Ensuring that staff welfare is taken care of by providing a comprehensive group health insurance policy to cover them in the event of hospitalization, normal illness and accident cases. A Group Term Life Insurance Policy is provided for each staff to meet any untoward incidents.

 

  • Ensuring a harmonious workplace by practising non-prejudicial policies against race, gender or age. This guiding principle promulgates basic human and labour rights for maintaining good governance and a healthy and professional workplace.

 

  • Continuous upgrading of employees’ skill and knowledge in order for them to excel in their work performances through training programmes and workshops.

 

  • Promoting a balanced healthy work-life with the formation of a sports club to promote sports and social activities.

 

  • Promoting a sense of belonging amongst staffs by providing a platform for staff to interact via informed gatherings and other activities.

 

  • Providing competitive remuneration package to the employees.

 

4.0      CR In The Environment

 

The Group endeavours to preserve the environment in all its project sites by practicing, amongst others, the following:

 

  • Complying with the rules and directives set by the authorities on environmental safety and protection.
  • Building of proper drainage and water discharge systems in addition to other preventive measures such as sedimentation ponds, silt traps and bunkers to prevent wastes being discharged into rivers particularly during heavy downpours.
  • Implementing effective controlled earthworks procedure and flood mitigation controls that includes adequate earth drainage and detention ponds to regulate rainwater flow to prevent flooding of surrounding low-lying areas.
  • Putting in place preventive measures such as phased developments, hill slopes turfing, progressive revegetation, hydro-seeding, slope stabilisation and silt/sediment traps to avoid soil erosion and sedimentation.
  • Forbidding open burning to prevent smoke and carbon dioxide emissions affecting the air quality of the surrounding areas.
  • Using of proper piling methods during foundation works to reduce noise pollution.

 

5.0      CR In The Community

 

The Group has always played its role in support of the community through donations to charitable organisations, sponsorship of worthy causes and the support of events that promote awareness on the community’s needs by supporting associations to organise events for the wider community.

 

 

This statement has been approved and adopted by the Board on 9 October 2013.


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