MESB BERHAD (Registration No. 199501008356 [337554-D])

WHISTLEBLOWING POLICY

Introduction

MESB Group of Companies recognise whistleblowing as an important mechanism in the prevention and detection of improper conduct, harassment or corruption in the conduct of its businesses and operations.

Whistleblowing Policy is designed to encourage employees and other stakeholders of the Group to disclose any malpractice or misconduct of which they become aware.

Scope of Policy

The policy applies to all employees of the Group and external parties who have business relationship with the Group, to come forward and disclose their concerns in good faith without fear of reprisal, discrimination or other adverse consequences. The Group will make every effort, within its capacity to do so, to keep a Whistleblower’s identity confidential.

The strategies incorporated in this policy aim to address such reporting, responsibility, confidentiality and effective investigation. The purpose is to improve the systems and procedures, changing the attitudes of employee and improving the overall integrity and performance of the Group.

Below are some examples of business misconduct:

• Corruption and Bribery;
• All forms of financial or non-financial malpractices or impropriety such as fraud, corruption, bribery or theft;
• Discrimination on the basis of gender, race, disabilities;
• Corporate misconduct;
• Criminal offence;
• Serious conflict of interest without disclosure;
• Failure to comply with any legal obligations and procedures;
• Breach of the Group of Companies’ policies or Code of Ethics; and
• Danger to the health and safety of any individual

Confidentiality

The disclosure report shall be made in good faith with a reasonable belief that the information and any allegation in it are substantially true, and are not made to seek for any personal gains or for malicious purposes.

The Group will make every effort to protect the confidentiality of the Whistleblower unless otherwise required by law or for purposes of any proceedings taken by or against the Group.

Any employee who makes a disclosure or raises a concern under this policy will be protected against any adverse employment actions. However,  If  there  is  no  case  to  answer  but  there  is  evidence  that the allegation  was made  frivolously,  maliciously  or  for  personal  gain, the person(s) may  not be considered for coverage by this Policy and may be subject to disciplinary actions determined by the Chief Executive Officer (‘CEO”).

Process

Anyone with a complaint or concern is encouraged to contact his or her supervisor, Head of Department and/or the CEO Officer. However, If the complaint/concern raised is serious or complex, the whistleblower may disclose it directly to the Executive Chairman.

The Whistleblower may make a disclosure in orally, email or writing under confidential cover to:

Mail :  Lot 1903A, 1st Floor, Jalan KPB7, Kawasan Perindustrian Kg. Baru Balakong, 43300 Seri Kembangan, Selangor.

Email to CEO  at eric@miroza.com.my

Email to  Executive Chairman at chua_jk@miroza.com.my

Telephone no:      03-89618818

The recipient of the disclosure report from the Whistleblower, will assess and evaluate the complaints/concerns. These may involve review, inquiry, interview or a formal investigation.

Where appropriate, the complaints/concerns raised may:

• Be investigated by the Management, designated officer, the Audit Committee or the Board of Directors.
• Be referred to the law enforcement.
• Be referred to the independent advisers.

The Company will provide information about the outcomes of the investigation to the whistleblower, when is appropriate.

Review

This policy will be reviewed and updated whenever is necessary to ensure it meet the objectives of the relevant legislation and remain effective for the Group and may be changed, whenever required at the discretion of the Board of Directors of the Company.