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ENRICHING PERFORMANCE AND COMMITMENTS ENRICHING ACCOUNTABILITY AND INTEGRITY ENRICHING RESILIENCE AND SUSTAINABLE GROWTH OTHER INFORMATION

INtEGRItY AND GOVERNANCE

At KWAP, we hold an unwavering commitment to integrity KWAP ORGANISAtIONAL ANtI-CORRuPtION PLAN
and stand firmly against corruption in all its forms. We 2021 - 2025
implement relevant controls and measures to prevent
corruption, continuously promote the importance of We have established and launched KWAP Organisational
integrity among our employees and stakeholders, and Anti-Corruption Plan 2021 - 2025 (KWAP OACP) on 24
espouse good governance practices to safeguard the February 2021. The KWAP OACP consists of 57 initiatives,
interests of the organisation for the sustainability of its targeted to be undertaken and completed within a period
business. For the year 2023, these were evident through of 5 years. These initiatives aimed to address integrity,
the following key accomplishments and/or undertakings: governance as well as corruption issues and risks within
KWAP. As at the end of 2023, which is the third year of the
Penarafan Semula Risiko Tahun 2023 - Badan KWAP OACP implementation, 70% or 40 out of the total
Berkanun Persekutuan (BBP) Kementerian Kewangan initiatives have been completed.
oleh Suruhanjaya Pencegahan Rasuah Malaysia
(SPRM) ANtI-BRIBERY AND CORRuPtION POLICIES

In 2020, the Malaysian Anti-Corruption Commission Several existing and new policies, procedures and
(MACC) categorised KWAP as a High-Risk organisation. . guidelines have been reviewed and developed to ensure
However, following the 2023 evaluation, KWAP has been they are up-to-date and remain effective for good
reclassified as a Low Risk organisation based on the governance and corruption prevention. These include:-
MACC’s assessment. The result of this evaluation serves i. Policy on Support Letter
as a testament to amongst others, KWAP’s commitment
in implementing anti-corruption controls and measures This new policy was established as part of KWAP
for the past three years. Anti-Bribery and Corruption Policy (ABC Policy)
which stipulates KWAP’s stance on receiving, issuing,
ISO 37001: 2016 ANtI-BRIBERY MANAGEMENt and requesting Support Letter from/to any external
SYStEM
individual/organisation.
KWAP has been certified with ISO 37001:2016 Anti- ii. Whistleblowing Policy
Bribery Management System (ABMS) since 3 December
2021 which is part of our continuous efforts in ensuring The policy was amended to improve on the
efficient business operations through the management effectiveness of the established whistleblowing
of bribery and corruption risks. For 2023, KWAP had mechanism, particularly on the deliberation and
completed its second ABMS surveillance audit covering decision making of whistleblowing cases.
its departments operating in Kuala Lumpur and Cyberjaya
offices as well as KWAP’s subsidiaries, namely, KWEST iii. Anti-Bribery and Corruption Policy (ABC Policy)
Sdn Bhd and Prima Ekuiti (UK) Limited.
The definition of “corruption” in the ABC Policy was
refined to provide better clarity, contributing towards,
for instance, improved Fraud and Corruption Risk
Assessment process.

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