NEWS & UPDATES
Sarawak Energy Driving Good Corporate Governance & Ethical Behaviour
6 NOVEMBER 2020
Employees of Sarawak Energy were reminded to always practise ethical behaviour in line with the energy development and power utility company’s core values of courage, unity, respect, integrity and accountability at their inaugural Good Corporate Governance Day held recently.
Group Chief Executive Officer Datu Haji Sharbini Suhaili reminded over 1,000 employees as well as representatives from contractor organisations in virtual attendance that good corporate governance provided a robust foundation for a progressive and high performance corporate culture.
Also at the event virtually were Sarawak Energy board member Tan Sri Datuk Amar Haji Mohamad Morshidi Haji Abdul Ghani and Syarikat SESCO Berhad board member Paulus Palu Gumbang.
“As regulations and public expectations change, it is important for us to constantly review and improve our existing risk management practices and internal controls as well as introduce additional ones where necessary to be proactive and effective in implementing good corporate governance,” said Sharbini speaking at the event via a virtual conference platform.
He also launched Sarawak Energy’s revised and strengthened Code of Ethics and Group Manual of Authority (MoA). Both measures are part of Sarawak Energy’s efforts to ensure adequate procedures in place to prevent incidents of and opportunities for misconducts such as bribery and corruption following recent amendments to Malaysian Anti-Corruption Commission MACC Amendment Act 2018.
The Code of Ethics sets the tone and standards expected of how Sarawak Energy’s directors, management and employees should conduct themselves; serving as a guide for behaviours and actions to promote consistency in working relationships.
The MoA provides a clear delegation of authority so that there is the demarcation of responsibilities between the board, its committees and management in line with good corporate governance practices.
“Compliance with our revised Code of Ethics and Sarawak Energy Group MoA is mandatory and applies to all employees and our business partners. Any non-compliances shall result in disciplinary consequences, which may include termination of employment and contracts, he emphasised.
He announced that Sarawak Energy would launch an in-house online anti-corruption course for all of its employees in 2021.
Invited speakers included Michael Sprake of PricewaterhouseCoopers Malaysia on ‘Corporate Failures’ and Tuan Chang Ching, Malaysia Anti-Corruption Commission (MACC) Sarawak’s Deputy Director of Prevention on ‘Corporate Liability’.
Sarawak Energy also recently organised a virtual governance and compliance programme themed ‘On Air with Our Board - Powering Into the Next Normal: Building Better Governance & Sustainability’ in collaboration with the Institute of Corporate Directors Malaysia (ICDM).
Attended by more than 500 participants, the programme featured a fireside chat with Sarawak Energy’s Board of Directors.
The programme is part of Sarawak Energy’s ongoing awareness and training initiatives to recognise best practices of corporate governance and sustainability in the utility industry as well as to identify legal, regulatory and governance issues and challenges in the current climate.
Sarawak Energy’s Board of Directors is chaired by Datuk Amar Abdul Hamed Sepawi, and include Dato Sri Fong Joo Chung, Tan Sri Datuk Amar Haji Mohamad Morshidi Haji Abdul Ghani, Tan Sri Dato Sri Mohd Hassan Marican and Dato’ Haji Idris Haji Buang.
Group photo on Good Corporate Governance Day. Datu Haji Sharbini Suhaili (Top, Left), Tan Sri Datuk Amar Haji Mohamad Morshidi Haji Abdul Ghani (Top, Centre), Paulus Palu Gumbang (Bottom, Left) and senior management members of Sarawak Energy.
Group photo on ‘On Air with Our Board ‘ session. Datuk Amar Abdul Hamed Sepawi (Center), Dato Sri Fong Joo Chung (Top, Center), Tan Sri Datuk Amar Haji Mohamad Morshidi Haji Abdul Ghani (Top, Right), Dato’ Haji Idris Haji Buang (Center, Right), Datu Haji Sharbini Suhaili (Bottom, Left), moderator, representative and speaker from Ernst & Young Advisory Services Sdn Bhd, Institute of Corporate Directors Malaysia (ICDM) and Christopher & Lee Ong Law Firm.