CODE OF ETHICS AND CONDUCT FOR DIRECTORS

PURPOSE

    1. The Board of Directors of KAWAN FOOD BERHAD (“the Company”) has adopted the following Code of Ethics and Conduct for Directors (hereinafter referred to as "the Code")

    2. It is the intention of the Code for the Board and each Director to direct their attention to the areas of ethical risk, provide guidance to Directors to assist them to identify and handle ethical issues, provide procedures to report unethical practices, and encourage the development of a culture of honesty, trust, responsibility and accountability. The Code reflects the Company’s commitment to integrity, transparency, accountability and self-regulation.

    3. The Code cannot and do not cover every issue that may arise or every situation where ethical decision must be made, but rather set forth key guiding principles and policies. Directors are encouraged to highlight and discuss matters of particular circumstances that may affect the Company’s reputation or image in a negative manner arising from the ordinary course of business to the attention of the Senior Independent Director and/or to the Board or any related party transaction or conflict of interest situation that may arise within the Company and the Group including

transactions the Group including transactions, procedure or course of conduct that raises question or doubt of management integrity.

Code of Ethics

Each Board member shall adhere to the following Code of Ethics:

  • Observe high standards of corporate governance and uphold accountability and transparency at all times;
  • Act honestly, fairly, ethically, with integrity and loyalty and conduct themselves in a professional, courteous and respectful manner;
  • Act in the best interests of the Company and the Group in a manner to enhance and maintain the reputation of the Company, and fulfill their fiduciary duties to the Company and the stakeholders of the Company;
  • Act in good faith, with responsibility, due care, competence, diligence and independence;
  • Shall not accept positions on Board Committees or working group where a conflict of interest is likely to arise, without firstly declaring that interest.
  • Declaring any personal, professional or business interests that may conflict with the Director’s responsibilities.
 
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