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Anti-Corruption System Policy

1. Introduction

Hong Leong Insurance (Asia) Limited (“HLIA”) has established an Anti-Corruption System Policy and Procedures (“ACSP”) which seeks to ensure HLIA’s business dealings and relationships are free from corrupt practice.

2. Scope

The ACSP applies across HLIA and any person associated with HLIA, i.e. its director, employee (whether temporary, fixed-term, or permanent), trainee, seconded staff, casual worker, agency staff, volunteer, intern, agent, partner, contractor, subcontractor, consultant, representative and person or entity performing work or services for or on behalf of HLIA (collectively as “Associated Persons”).

3. Principles

HLIA has zero-tolerance for corruption.

 

HLIA is committed to acting professionally, fairly, and with integrity in all business dealings and relationships and to implementing and enforcing the ACSP to prevent and detect corrupt activities.

 

HLIA, its Board of Directors and senior management do not condone or consent to any person:

  1. corruptly soliciting, receiving or agreeing to receive any gratification whether for himself or for any other person; or
  2. corruptly giving, agreeing to give, promising or offering to any person any gratification whether for the benefit of himself or of another person, including with intent to obtain or retain business for HLIA or an advantage in the conduct of business for HLIA.

 

HLIA upholds all laws and regulatory requirements relating to corruption in all the jurisdictions in which it operates.

4. Due Diligence

To ensure that Associated Persons share HLIA’s stance against corruption, HLIA shall undertake due diligence to assess the integrity of the Associated Persons prior to entering into any formalized relationship with them and periodically thereafter.

5. Review and Enforcement

The Internal Audit Department or external auditor shall conduct regular reviews to assess the performance, efficiency and effectiveness of the ACSP. Material findings will be presented to the Board of Directors.

 

HLIA treats any violation of this ACSP seriously and will undertake necessary actions, including, but not limited to, review of employment or appointment, disciplinary actions, dismissal, and reporting to the authorities, consistent with the relevant laws and regulations.