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SUSTAINABILITY REPORT 2017
23
We are committed to leading with integrity and conducting business
relationships with high ethical standards. We insist that directors,
owners, employees and vendors (contractors, suppliers or consultants)
abide by the terms of our Code of Ethics and Business Conduct (the Code)
at all times. Compliance with the Code is also mandatory for vendors to
maintain their registration.
Fair Competition
We expect our suppliers to compete honestly, fairly and ethically for all
business opportunities. We expect their statements and representations
to be true and accurate in all respects. Suppliers and consultants are
forbidden from:
Manipulating
the tendering process with other parties
or entities
Engaging
in any anti-competitive conduct including
tender rigging and entering into any arrangement
with other parties that will compromise the genuine
competition of those tendering
Submitting
more than one tender through other parties:
• With common shareholders, directors, management
and/or operating premises; or
• With shareholders or directors as their close family
members.
Our tendering processes have specific processes, checks and balances
built into them. These are based on many years of experience averting
the above issues from occurring. Periodically, these measures have
resulted in tenders being recalled and suppliers and their managers being
banned as vendors.
Our 9-Point Scorecard
In line with our efforts to strengthen our foundations for economic and
transformational growth, we have implemented a set of principles which
will help to drive sustainable growth and help fuel a robust performance.
Known as the
9-Point Scorecard
, this set of principles will help us to ensure
that we sustain solid and sustainable profits; uphold prudent financial
policies to ensure a strong balance sheet; and develop an experienced
and professional management team to steer CMS forward.
We are also tasked with undertaking strong corporate governance
measures; enhancing ties and building respect among the communities
that we serve; as well as gaining strong support from our shareholders
and bankers. Finally, we have set our sights on private sector-driven
profitability; leveraging on a strong SCORE play; and developing the
expertise that can help us expand globally in the future.
We believe that these principles will guide CMS towards becoming
the best proxy-listed investment for Sarawak’s accelerating economic
growth and will ensure long-term sustainable economic growth for our
four stakeholder groups.
The finer details of CMS’ proven strategies for growth can be found in
the Management Discussion and Analysis section of CMS’ 2017 Annual
Report.
Economic
SOLID &
SUSTAINABLE PROFITS
SUPPORTIVE
SHAREHOLDERS & BANKERS
PRIVATE SECTOR
DRIVEN PROFITABILITY
STRONG BALANCE SHEET &
FINANCIALLY PRUDENT
GROWING
COMMUNITY RESPECT
SCORE PLAY
EXPERIENCED
MANAGEMENT TEAM
CORPORATE
GOVERNANCE
GROWING OF
EXPORTABLE EXPERTISE
OUR 9-POINT SCORECARD