BIMB Integrated Annual Report 2017

21 Intended Outcome The board is committed to promoting good business conduct and maintaining a healthy corporate culture that engenders integrity, transparency and fairness. The board, management, employees and other stakeholders are clear on what is considered acceptable behaviour and practice in the company. Practice 3.1 The board establishes a Code of Conduct and Ethics for the company, and together with management implements its policies and procedures, which include managing conflicts of interest, preventing the abuse of power, corruption, insider trading and money laundering. The Code of Conduct and Ethics is published on the company’s website. Application : Applied. Explanation on application of the practice : Board Code of Conduct and Ethics The Directors’ Code of Conduct and Ethics (“ Code ”) is formulated to enhance the standard of corporate governance and corporate behaviour with the intention of achieving the following aims:- • To establish a standard of ethical behaviour for directors based on trustworthiness and values that can be accepted, are held or upheld by any one person. • To uphold the spirit of responsibility and social responsibility in line with the legislation, regulations and guidelines for administration of BHB Group. BHB adopts the Code of Ethic in accordance with the following: • BNM/GP7-Part 1 Code of Ethics: Guidelines on the Code of Conduct for Directors, Officers, and Employees in the Banking Industry; • Company Directors’ Code of Ethics established by the Companies Commission of Malaysia; and • Code of Ethics for the Financial Services Industry issued by Financial Services Professional Board. The Code of Ethics provides guidance for proper standards of conduct with sound and prudent business practices as well as standards of ethical behaviour for the Board, based on the principles of integrity, responsibility, sincerity and corporate social responsibility. BHB’s Board’s Code of Conduct and Ethics encompasses three (3) major areas, namely: • Corporate Governance; • Relationship with shareholders, employees, creditors and customers; and • Social responsibility and the environment.