No gift policy
99 Speedmart Sdn Bhd and its subsidiaries (“99 Speed Mart“or the “Group“) are committed to serving our customers, working with our partners and conducting our business professionally, ethically and with the highest standard of integrity. 99 Speed Mart practices a “No Gift Policy”, a zero-tolerance approach against all forms of bribery and corruption, and upholds al applicable laws in relation to anti-bribery and corruption.
- every employee of the Group (whether ni Malaysia or outside Malaysia and whether permanent, fixed-term or temporary basis) (“Employees”);
- every director of the Company and each of the subsidiary companies within the Group (including executive and non-executive director) (“Directors”);
- business associates of the Group, which includes associated and affiliated companies of the Group, franchisees, partners, vendors, suppliers, contractors, sub-contractors, professionals, consultants, agents, representatives, company secretaries and others performing work or services for or on behalf of the Group (“Business Associates”) ; and
- and any third party that may have direct, indirect or potential business interest or relationship with the Group (“Third Parties”)Â
General rule
The policy prohibits the exchange of gifts directly or indirectly, both within and outside of the work premises, in the course of official duties and business dealings which may influence a decision-making process or put the directors, employees, or business associates in a position of conflict or appearance of such conflict or obligation.
Directors or employees are not allowed to give and/or accept gifts in exchange for doing or promising to do anything relating to the business or affairs of 99 Speed Mart for potential or existing customers, suppliers, vendors, agents, service providers, and any other individual or organization.
Directors, employees, or business associates are to avoid conflicts of interest or the appearance of conflicts of interest in ongoing or potential business dealings between 99 Speed Mart and third parties, as a gift can be seen as a bribe that may tarnish 99 Speed Mart’s reputation or violate anti-bribery and corruption laws.
Exceptions to the No Gift Policy
Gifts to Business Associate or to Third Parties shall only be given mainly as an act of appreciation or common business courtesy associated with festive seasons or other ceremonial occasions. Any gifts offered shall be unsolicited and not affecting, or be perceived as affecting business judgment.
All expenses incurred to provide the gifts must be properly documented, receipted, and recorded in accordance with and complies with 99 Speed Mart’s standard operating procedures, detailing the following:
- Details of the gift.
- The value of the gift.
- The purpose and occasion for which the gift was given.
- The recipient of the gift, including their organization or entity affiliation and role in the Group’s business.
- Corporate gift such as token gifts or promotional items that bears the company’s name and logo and are of nominal/appropriate value such as diaries, table calendars, pens, notepads, and plaques.
- Sample for the purposes of product quality and market value experiments only
provided that such gifts are placed in common area and shared amongst the Employees as well as are not extended and/or accepted for the purpose of or with intention to:
- Influence a particular Employee and Director’s present or future act or decision.
- Inducing that particular Employee or Director to perform or omit any act in violation of his/her proper duties and responsibilities.
- Inducing that particular Employee or Director to use or direct any person to use his influence with the government, or any of its representatives, divisions, or agencies to affect or influence any act or decision of any such government, representative, division, or agency and in any or all of the above cases, for the purpose of expediting, benefiting, prejudicing, or influencing in any way whatsoever whether directly or indirectly the business dealings or relationship of the gift provider with the Group.
