CORPORATE
GOVERNANCE

KLCCP Stapled Group is subject to corporate governance requirements set out by the Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad and best practices recommendation as stipulated in the Malaysian Code of Corporate Governance 2012.

Good governance enables KLCCP Stapled Group to function efficiently, effectively, and more importantly, responsibly, by providing clarity on acceptable and expected standards of behavior.

Our Boards take pride and place importance on strong governance culture and implementing international best practices across the business segments.

In carrying out our business activities, we are guided by the KLCC Shared Values to uphold integrity in fulfilling our obligations in an ethical, responsible and transparent manner. This is supported by our strict conformance with the respective laws, rules and regulations in the country where we operate.

We continue to drive a culture of integrity and business ethics through full compliance with the PETRONAS Code of Business Ethics (CoBE) and seek to continuously elevate our standards of integrity and accountability.


Business Ethics And Compliance

Upholding the highest standards of ethics, integrity and accountability in our business conduct

KLCCP and KLCC REIT Management (KLCCRM) Boards are committed to conducting business with integrity, consistent with high standards and business practices and in compliance with all applicable laws and regulatory requirements.

KLCCP Stapled Group adopts and complies with the PETRONAS Code of Conduct and Business Ethics (CoBE) which is embedded throughout our organisation and form the basis for all our policies, procedures, and actions, as well as the personal behavior of our stakeholders.

KLCCP and KLCCRM Boards do not practice any form of gender, ethnicity and age bias as both Boards believe both genders are to be given fair and equal treatment and any new appointments to the Boards are based solely on merit.


Anti-Bribery
And Corruption

Zero tolerance for all forms of bribery and corruption

KLCCP Stapled Group adopts the PETRONAS Anti-Bribery and Corruption (ABC) Manual and has zero tolerance for all forms of bribery and corruption and complies to a No Gift Policy.

KLCCP Stapled Group adopts the PETRONAS Whistleblowing Policy which encourages openness and transparency in our commitment to the highest standard of integrity and accountability.


Prudent Risk
Management

Integrating a robust risk management system for business resiliency

KLCCP Stapled Group has an established Enterprise Risk Management Framework to identify, assess, threat and monitor risk aimed to reduce the likelihood and impact of identified risks to enhance ability to achieve strategic objectives.

The Risk Management Oversight Structure which consists of the Boards, Audit Committees, Management Committee and Risk Management Committee sets out the structure used to assign responsibility for risk management and facilitates the process for assessing and communicating risk issues from operational levels to the Boards.