CORPORATE GOVERNANCE
The Board of Directors of Advance Synergy Berhad Group (ASB Group) remains firmly committed to ensuring an appropriate and sound system of corporate governance throughout the Group and its subsidiaries. The ASB Group has a long-standing commitment to corporate governance and protection of stakeholder value, which has been integral to the ASB Group's achievements to date.
The ASB Group's corporate governance structure is a fundamental part of the Board's responsibility to protect and enhance long-term shareholder value and the financial performance of the ASB Group, whilst taking into account the interests of all stakeholders.
In implementing its governance system and ensuring compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad the Board has been guided by the principles and practices set out in the Malaysian Code on Corporate Governance issued by the Securities Commission Malaysia.
We believe strong and effective corporate governance helps to cultivate culture of integrity, leading to positive performance and a sustainable business overall.
Committed To The Highest Standards
The responsibility for good governance predominantly begins with our Board. The Board is accountable to shareholders and is committed to the highest standards of corporate governance as set out in the Malaysia Code on Corporate Governance ("the Code"). This Corporate Governance Overview Statement, describes how the Board has applied the main practices of good governance, as set out in the Code, during the year under review.
Group Anti-Bribery And Anti-Corruption Policy
The Group Anti-Bribery & Corruption Policy further enforces the ASB Group’s Code of Conduct & Business Ethics to ensure that employees understand their responsibilities in compliance with the ASB Group's zero tolerance for bribery and corruption within the organisation. It helps them recognise and deal with corrupt gratification, as well as understand their responsibilities.
Group Whistleblowing Policy & Procedures
The Group’s Whistleblowing Policy and Procedures (hereinafter referred to as the "P&P") serves as a guideline to encourage and allow employees, shareholders and stakeholders to raise legitimate complaints and/or concerns in relation to criminal activity, breach of a legal obligation including but not limited to negligence, breach of contract and contravention of Malaysian Anti-Corruption Commission Act 2009 (amended in 2018), Malaysian Code on Corporate Governance, Bursa's Listing Requirement and Companies Act 2016 (Act 777) and to be objectively investigated and addressed within the Group.
Board Charter
The direction and control of Advance Synergy Berhad (“ASB” or “the Company”) and its subsidiaries (“Group”) rest firmly with the Board of Directors (“Board”) as it effectively assumes the overall responsibility for corporate governance, strategic direction, formulation of policies and overseeing the investments and operations of the Group.