Sustainability > Governance > Anti-Corruption
Anti-Corruption
Upholding Integrity, Preventing Corruption
Anti-Corruption
The Group has implemented an Anti-Bribery Management System (“ABMS”) that outlines processes to identify, prevent and address bribery and corruption risks. This system applies to all employees, directors, business associates and third parties associated with the Group, encompassing all business operations in Malaysia and Singapore. The ABMS enforces a zero-tolerance approach to bribery and corruption, ensuring compliance with local and international regulations.
Anti-Bribery and Corruption Policy
Implementing the Anti-Bribery and Corruption (“ABC”) Policy addresses multiple forms of corrupt activities, including bribery, money laundering and obstruction of justice.
Employees also signed the ABC Declaration Form, affirming their acknowledgment of the ABC Policy.
Board and Employee Communication
The Group communicates the ABC Policy to all Directors and employees through induction programmes, periodic awareness sessions and internal communication channels.
Bribery and Corruption Risk Assessments
Quarterly risk assessments are conducted across all business segments to address potential bribery and corruption risks. In FY2024, 100% of operations were assessed.
Political Contributions
The Group has no political affiliation and will not make any political contributions or favours.
Disciplinary Actions
WTK has zero cases of staff being disciplined or dismissed due to non-compliance with the ABC Policy.
Financial Impact
The Group has incurred no costs from fines, penalties, or settlements related to corruption, reflecting our adherence to ethical business practices and compliance with ABC Policy.
What the Training Covers
Anti-corruption training is conducted to strengthen employees' understanding of ethical business practices and the Group's expectations. Training covers:
Understanding Corruption
- Definition and forms of corruption
- Bribery and kickbacks
- Facilitation payments
- Conflicts of interest
- Fraud and abuse of authority
- Money laundering
- Gifts, hospitality and entertainment risks
Anti-Corruption Compliance
- The Group's Anti-Bribery and Corruption Policy
- Employee responsibilities and expected standards of conduct
- Applicable laws and regulatory requirements
- Identifying corruption risks and warning signs
- Third-party due diligence and responsible business conduct
- Whistleblowing channels and protection against retaliation
- Reporting obligations and disciplinary consequences
- Practical case studies to support ethical decision-makingvery
Related Download
Safeguarding Against Corruption
We uphold a zero-tolerance stance on corruption and conduct corruption risk assessments across our operations to identify areas most exposed to unethical practices. These include procurement and tendering, licensing and permits, third-party engagements, financial transactions and community contributions.
Our assessments cover the full spectrum of corruption risks — from bribery and facilitation payments to fraud, embezzlement, and conflicts of interest — and are supported by clear procedures, internal controls, and regular monitoring. For operations assessed as high risk, specific procedures and safeguards are implemented to prevent, detect and respond to potential misconduct.
1
Strict prohibition of bribes and facilitation payments
— whether direct, indirect, one-off or recurring
2
Standardised practices for commissions, hospitality and entertainment
— with receipts required for all claims and a strictly enforced “No Gift” policy
3
Segregation of duties in cash handling, procurement, and financial transactions
— to reduce opportunities for fraud
4
Transparent contractor and subcontractor selection
— with clear accountability to prevent bribery through intermediari
5
Open and transparent quotation processes
— with mandatory disclosure of conflicts of interest
6
Regular audits, spot checks and reconciliations
— to detect irregularities such as cheque fraud, asset misuse or fictitious employees.
Working with Intermediaries
Suppliers and contractors are key partners in our business, and we expect them to uphold the same standards of integrity.
To reinforce this:
01 Due Diligence Before Engagement
We conduct risk assessments and background checks before working with suppliers or contractors to ensure they meet our integrity standards.
02 Clear Policy Communication
Our Anti-Bribery and Anti-Corruption Policy is communicated clearly during onboarding, embedded in contracts, and reinforced through routine engagement.
03 Anti-Corruption Clauses on Invoices
Every invoice issued carries an anti-corruption clause, reminding all parties of our zero-tolerance stance and reinforcing integrity in every transaction.
04 Ongoing Monitoring and Accountability
We monitor compliance on a continuous basis and apply corrective measures when needed. Subcontractors are held accountable under the responsibilities of main contractors.
05 Training and Awareness
Employees, suppliers and intermediaries receive training and guidance on how to resist unethical demands, helping to build a culture of transparency and zero tolerance.
Strengthening Governance and Accountability
These safeguards are supported by our wider governance framework, which includes whistleblowing channels, periodic risk assessments and independent audits.
Employees and stakeholders are encouraged to speak up without fear of retaliation, ensuring transparency and accountability remain at the heart of how we operate.
In Year 2024
ZERO CORRUPTION CASE
Across the Group’s Business Operation
Board Structure and Composition
Responsible Business Practices
Risk Management
Policy Commitment
