Material Business and ethical integrity are pillars of our corporate psyche. With operations and a workforce that span seven countries, the Group recognises that good corporate governance, transparency and integrity are key in maintaining the trust of our Stakeholders.
How We Manage This Issue:
The Group has in place strong processes that ensure impartiality and provide checks and balances. We also hold workshops to educate employees on corruption risks and conduct regular audits on internal practices and processes.
Our employees are not allowed to accept payments, gifts or other kinds of reimbursement from a third party that could affect or appear to affect their objectivity in their business decisions.
We extend our anti-bribery and corruption commitments to our partners. Representatives of the Group are not allowed to offer Customers, Potential Customers, Suppliers, Consultants, Governments, Agencies of Governments, or any representative of such entities, any rewards or benefits in violation of applicable laws, in order to obtain or retain business or to gain any other improper advantage.
We also require our Suppliers to operate in accordance with the principles in our Supplier Ethics Policy and in full compliance with all applicable laws and regulations. All officers administering and approving contracts in which they or their close relatives have significant interests are required to declare and recuse themselves from handling these contracts.
Staff in the procurement and purchasing team make a declaration on conflict of interest annually. All members of the Procurement Category team are to attend a workshop on “Procurement Fraud Prevention & Detection” within their first two years of service. The workshop equips our staff on effective internal controls within the procurement process, as well as the prevention and detection of procurement fraud.
The ComfortDelGro Alert Line facilitates whistle blowing reporting to the Chairperson of the ComfortDelGro Audit and Risk Committee and the Group Chief Internal Audit Officer. All whistle blowing reports are investigated thoroughly, independently and fairly, with prompt and proper closure.