Overview

To establish adequate procedures to prevent, detect and mitigate the risk of any conduct of bribery or corruption amongst the employees. This Policy shall address the consequences of non-compliance, and aim to deter unprincipled conduct amongst our employees and third parties.

Scope

It applies to the Board, the employees (whether on a permanent, contractual or temporary basis) and third parties acting on behalf of 10 Infinity.

Third parties refer to business associates who have dealings with 10 Infinity such as, sub-contractors, vendors, consultants, agents, representatives, distributors, sales channel partners, public bodies, customers and other intermediaries who perform work or services for/on behalf of 10 Infinity.

Introduction :-

In 10 Infinity’s commitment in upholding a zero-tolerance approach on bribery and corruption practices, an ABCP has been developed in cohesion with our Anti-Bribery Management System (“ABMS”) to distinguish the boundaries of interactions and dealings between all employees of 10 Infinity and external parties. Parallel with fulfilling their legal obligations, 10 Infinity firmly believes that the foundation in maintaining sustainable business relationships rests upon honesty, integrity and ethical business practices.
This ABCP governs the measures to be taken when an employee or third parties are subjected to any potential acts of bribery or misconduct that could curtail the efforts of 10 Infinity in combating act of bribery and corruption. As such, the ABCP is to be read in conjunction with 10 Infinity’s Code of Ethics, and the Malaysian Anti-Corruption Commission Amendment Act (2018) (“MACCA”).

ANTI-BRIBERY AND CORRUPTION COMMITMENT

The Board of Directors (“Board”) of 10 Infinity and Top Management are committed in executing their corresponding business functions or performance in a fair and transparent manner in order to prevent, detect and mitigate the risks of unethical practices.

The FIVE (5) fundamental principles, (i.e. Integrity, Accountability, Courage, Trust and Respect and Gratitude and Care) cultivated throughout 10 Infinity demonstrates the commitment of the Board and Top Management of 10 Infinity in advocating for a robust working culture in 10 Infinity.

In addition to the 5 fundamental principles, the key etiquettes of No Bribe/Cheat, No Blame, No Give Up, No Criticise/Condemn and No Complacent (B.B.G.C.C.) are to be duly observed by all levels of employees without exception.

The Top Management shall routinely monitor the bribery and corruption risks of 10 Infinity and report all prominent cases to the Board for expedited resolution.

GIFTS, ENTERTAINMENT AND CORPORATE HOSPITALITY

Gifts

10 Infinity expresses its stance of not accepting or receiving any gift in its Gift, Meals, Entertainment, and Travel Policy (“GMET Policy”). The Board and the employees, immediate family members, or relatives and all persons with close relationship acting on behalf of 10 Infinity are strictly prohibited from directly, or indirectly to solicit or receive gifts to gain unfair business advantage or benefit to a personal, immediate family and agent which would be perceived to contain bribery and corruption elements.

Under no circumstances shall the Board and the employee, his/her immediate family members or relatives and all persons with close relationship accept gifts in the form of cash or cash equivalents.

Corporate Hospitality (Meals and Entertainment)

Corporate hospitality which includes meals and entertainment must be unsolicited and thus does not affect, or to be perceived to contain bribery or corruption elements.

Meals and entertainment shall only be offered to, or received from the representative dealings with external parties or service providers in their role in 10 Infinity in conjunction with legitimate business dealings or business meetings, and shall not be as a stand-alone basis.

Dealing With Public Officials

10 Infinity prohibits any kind of donation or in-kind political contribution to any political parties, organizations associated with public officials, political party officials or candidates for political office.

The Board and the employees are encouraged to exercise vigilance in their interactions with public officials.

Facilitation Payments

10 Infinity prohibits giving or accepting any facilitation payment by external parties or public officials. The Board and the employees shall disclose incidents that involve facilitation payments to the Head of Department and Anti-Bribery Compliance Team (“ABCT”) as soon as possible.

10 Infinity only permits individuals from public officials or private entities to request for payment in exchange for facilitating administrative services such as customs declaration, port clearance, issuance of travelling visa, passport clearance at frontiers, loading and unloading of cargo and processing of working permits.

Corporate Social Responsibilities (“Csr”), Sponsorships And Donations

All CSR activities, sponsorships and donations made must be in good faith without the intention to bribe, have any corrupt intent or any means to cover up an undue payment or bribery.

10 Infinity prohibits the giving or receiving of sponsorships and donations which may influence a business decision.

The Board and the employees are required to maintain good judgement in assessing the recipient or organization.

Dealings With Third Parties

10 Infinity networks with a range of third parties that includes but not limited to sub-contractors, vendors, consultants, agents, representatives, distributors, sales channel partners, public bodies, customers and other intermediaries in which 10 Infinity has strongly emphasized that all business dealings with third parties must be carried out in compliance with all relevant laws, and consistent with the values and principles of 10 Infinity’s Code of Ethics.

10 Infinity does not tolerate any form of bribery and corruption and shall only conduct business dealings with third parties who pledge to 10 Infinity’s stance.

Forewarnings

If the Board, Management or employee encounters any of the following warning signs, he/she shall apprise the ABCT expeditiously. The following illustrates a non-exhaustive list of forewarnings that may prompt the Board and the employees of any potential concerns with the third parties.

Objections to anti-bribery warranties in the agreements/contract.
Attempts to offer lavish or excessive entertainment by a third party.
Reputed affiliation in improper business conducts or well known for soliciting or providing bribes.
Transaction involves a country known for high incidence of corrupt payments.
Family, business or other “special” ties with government or public officials.
Convoluted payment arrangements such as payment in cash payment to third party or request for advances for expenses other than fees.
Requests for anonymity.
Absence of established workplace or inadequate credentials for the nature of engagement.
Frequent submission of inconsistent data without valid justification.
Reference checking reveals dubious background or reputation of the third party.
Abrupt change in lifestyle, for e.g. lavish lifestyle, extravagant purchases.

SOLUTIONS BEYOND LIMIT

D-36-06, Dataran 3 Two No, 2, Jalan 19/1, 46300 Petaling Jaya, Selangor.

03-7625 8571 support@10infinity.com

No. 18, 1st Floor, Jalan Vervea 11, Bandar Cassia, 14110 Batu Kawan, Pulau Pinang (Penang Branch)

04-4128 571 (Penang Branch)