Eastspring Investments Berhad (EIB) has zero tolerance to bribery and corruption as any crime or any perceived involvement in bribery or corruption will also reflect adversely on the company’s image and reputation.
EIB has a comprehensive anti-bribery and corruption standards established pursuant to the Malaysian Anti-Corruption Commission Act and Guidelines on Adequate Procedures pursuant to Subsection (5) of Section 17A under the MACC Act (Guidelines
on Adequate Procedures) as well as legislations impacting Prudential Plc.
The Company is also bound by the laws affecting its Group (Prudential Plc) i.e. United Kingdom Bribery Act 2010 (UKBA), US Foreign and Corrupt Practices Act 1977 (FCPA); and Hong Kong Prevention of Bribery Ordinance (HKPBO).
Offences of bribery and corruption
The Company is committed to adhering anti-bribery and corruption laws, particularly the MACC Act which imposes corporate liability. A company commits an offence if a person associated with the Company commits bribery and corruption. A person
is associated with the Company if they are a director, partner, employee, nominee, a person manages the affairs of the company, associated organisation and corporation, trustee and any other person who performs services for or on behalf
of the Company.
Although the primary purpose of acquiring the information is to confine its use to the normal course of the general business between Eastspring Investments Berhad and its Customer, the said information may also be applied for purposes incidental
to and connected with the said primary purpose including the provision of www.eastspringinvestments.com.my as well as to evaluate the Customer's needs that may arise from time to time, to enable Eastspring Investments Berhad to facilitate
the provision of information pertaining to the Eastspring Investments Berhad's products and services available from time to time.
The Companies perceive bribery as the offering, promising or giving, accepting (and/or any equivalent actions including performing on behalf of someone) any gratification whether for the benefit of that person or another
person with intent to obtain / retain business for the Company or to obtain / retain an advantage in the conduct of business for the Company. Bribery can take in many forms so long as it is “something of value”
to the recipient such as cash, gifts, luxury hospitality such as travels and accommodation, preferential treatment and favours, sponsorships, charitable donations, offers of work opportunities, etc.
Commercial bribery related to corrupt dealings with the agents or employees of potential vendors to secure an improper business advantage over its business competitors. It is a form that does not necessarily involve Government
Officials. Commercial bribery violates the local laws and laws governing our Group.
Corruption is the abuse of entrusted power or public office for a private gain and it is a term used to describe a wide range of financial misconduct.
Maintaining accurate books and records
The Company must ensure that books and records must accurately and fairly reflect the transactions and dispositions of the assets.