The Code of Conduct and Ethics covers a wide range of business practices
The Code of Conduct and Ethics (“The Code”) covers a wide range of business practices and
procedures. It does not cover every issue that may arise, but it sets out basic principles to guide all the
Management and Employees (including full time, probationary, contract and temporary staff) of Rexit Berhad
and its subsidiaries (“The Group”).
All Directors, Management and Employees of the Group are required to display the highest levels of
all aspects of their work and comply with the Code and all applicable laws, regulations and other policies
Group. Violation of any of the Code’s provisions can result in disciplinary action, including termination of
CORE AREAS OF CONDUCT
Obeying the law is the foundation on which the Group’s ethical standards are built. Directors,
Employees are expected to understand and comply with the laws, rules and regulations that are applicable
positions and/or work. The Group reserves the right to report any actions or activities suspected of
criminal in nature to
the police or other relevant authorities.
All Directors, Management and Employees should avoid involving themselves in situations
where there is
real or apparent conflict of interest between them as individuals and the interest of the Group.
Management and Employees must not use their positions or knowledge gained directly or indirectly in the
their duties or employment for private or personal advantage (directly or indirectly).
In addition, a Director or an Employee should avoid any situation in which the Director or Employee has
in any entity or matter that may influence the Director or Employee’s judgment in the discharge of
Areas where conflicts might arise include:
Substantial share ownership in competing organizations;
Direct or indirect personal interest in contracts;
Loan to or guarantees of obligations to the directors and/or employees, and/or their family members
by the Group;
Work for a competitor, customer or supplier.
Directors, Management and Employees should fully disclose any actual or potential conflicts of interest
to the Board of Directors and/or the Management and where such circumstances are permitted by the Board
and/or the Management to continue, shall not be deemed a breach of the Code.
All Directors, Management and Employees should endeavor to respect the rights of and deal
fairly with the Group’s customers, suppliers, competitors and other business partners. Directors and
Employees should not take unfair advantage of anyone through manipulation, concealment, abuse of
privileged information, misrepresentation of material facts or any other illegal trade practice.
It is pertinent that all Directors, Management and Employees exercise caution and due care
safeguard any information of a confidential and sensitive nature relating to the Group which is acquired
course of their employment, and are strictly prohibited to disclose to any person, unless the disclosure
authorized or legally mandated. In the event that a Director or an Employee knows of material
affecting the Group which has not yet been publicly released, the material information must be held in
strictest confidence by the Director or Employee involved until it is publicly released.
No Director, Management or Employee shall use price sensitive non-public information, which
the prices of the securities of the Company and/or related listed companies when it becomes publicly
Information”), for personal benefit. Directors, Management and Employees are prohibited to trade in
securities or to
provide information to others to trade in securities of the Company and/or related listed companies
until the Inside
Information is publicly released. Directors or Employees shall also not trade in securities in any other
where they have Inside Information which they obtain in the performance of their duties.
Directors, Management and Employees must protect the Group’s assets and ensure their
efficient use. All of the Group’s assets are to be used for the Group’s purposes only. Any suspected
incident of fraud or theft should be immediately reported for investigation.
Accurate, timely and reliable records are necessary to meet the Group’s legal and financial
and to manage the affairs of the Group. All books, records and accounts should conform to generally
applicable accounting principles and to all applicable laws and regulations.
The preparation and maintenance of accurate and adequate business records are the responsibility of each
unauthorized, false, improper or misleading records or entries shall be made in the books and records of
under any circumstances.
No personal gifts, favours, entertainment or services, in cash or kind, that will or will
influence objective and fair business decisions, will be accepted or provided. The gifts, favours,
services that are deemed as not given to influence the Directors’ or Employees’ performance of duties
business courtesies (meals or entertainment), token gifts which are occasional, gifts during festive or
occasions and gifts from social functions attended by the Directors or Employees on behalf of the Group,
The Group will use its best endeavors to ensure a safe workplace and maintain proper
health and safety practices to commensurate with the nature of the Group’s businesses and activities.
commitment in return requires that all Directors and Employees understand and abide by the Group’s
Sexual harassment by any Director, Management or Employee is unacceptable. It is the Group’s
policy to provide all Employees with a working environment free from any form of sexual harassment. Any
questions concerning issues of such should be directed either to the Employees’ superior or the Human
Resource Department. All such reports and/or complaints shall be treated with strictest confidence.
All Employees are to treat their fellow Employees fairly and courteously without regard to
religion, gender, nationality, age or disability, and shall not create any form of discrimination or
Every Director is expected to act consistently with the laws and policies on anti-corruption
conducting business legally, ethically and with integrity. A Director shall not offer, give, solicit or
accept bribes (in any form, monetary or otherwise including but not limited to unauthorised remuneration such
as referral fee, commission or other similar compensation, material goods, services, gift, business
amenities and etc.) in order to achieve business or personal advantages for themselves or others or engage in any
transaction that can be construed as having contravened the anti-corruption law.
Every Director, shall not condone, facilitate or support any activity that is even remotely associated
with money laundering or financing of terrorism. Directors must be on their guard to help protect the Company’s
reputation and ensuring compliance with the laws.
Directors’ responsibilities :-
Must not knowingly deal with criminals, suspected criminals or the proceeds of crime.
Must act diligently to prevent the Company’s products and services from being used to further money laundering and terrorist financing.
Apply the appropriate level of due diligence when entering into business relationships and where applicable, individual transactions.
Mindful of the risk of the Company’s business being used for money laundering activities and to raise any suspicious transactions to the Board.
REPORTING OF NON COMPLIANCE
Employees are encouraged to report to their immediate superior or other appropriate personnel about observed
behaviour that they believe may be non-compliance with the Code.
The Group will keep confidential the identity of the person reporting a possible non-compliance with the Code.
Reprisal against the person who has, in good faith, reported non-compliance or suspected non-compliance is strictly
REVIEW OF THE CODE
The Board will monitor compliance with the Code and review the Code regularly to ensure that it continues to remain
relevant and appropriate.
WAIVER OF THE CODE
Waiver of the Code may be made by the Board or the appropriate Committee of the Board. Waiver of the Code may be
granted on a case-by-case basis and only in extraordinary circumstances.
42, Jalan BM 1/2
Taman Bukit Mayang Emas
47301 Petaling Jaya, Selangor