Anti-Bribery & Corruption Policy
First Laser Technology Sdn. Bhd.
1. Policy Statement
First Laser Technology Sdn. Bhd. is committed to conducting business with the highest standards of integrity, transparency, and accountability. The Company adopts a zero-tolerance approach toward bribery and corruption in all its business dealings.
We strictly prohibit any form of bribery, corruption, kickbacks, facilitation payments, or improper advantages in our interactions with customers, suppliers, government authorities, and business partners.
This policy applies to all directors, employees, contractors, agents, suppliers, and any parties acting on behalf of First Laser Technology.
2. Definition of Bribery and Corruption
Bribery refers to offering, giving, receiving, or soliciting anything of value to improperly influence a business decision or gain an unfair advantage.
Examples include:
- Cash payments or gifts intended to influence decisions
- Kickbacks or secret commissions
- Excessive gifts, entertainment, or hospitality
- Improper donations or sponsorships to obtain business benefits
- Facilitation payments to accelerate official procedures
3. Prohibited Conduct
All personnel and associated persons are strictly prohibited from:
- Offering, promising, or giving any form of bribe to secure business advantages.
- Soliciting or accepting bribes from clients, vendors, or third parties.
- Using intermediaries, agents, or consultants to perform corrupt activities on behalf of the company.
- Engaging in any unethical practice such as blackmail, inducements, or secret commissions.
4. Gifts, Hospitality and Entertainment
Reasonable business hospitality may be acceptable if it:
- Has a legitimate business purpose
- Is modest and not excessive
- Is transparent and properly recorded
Any gifts or entertainment that could influence business decisions or create a conflict of interest are strictly prohibited.
5. Conflict of Interest
Employees must avoid situations where personal interests may conflict with the interests of the company.
All potential or actual conflicts of interest must be declared to management immediately.
6. Third-Party Due Diligence
First Laser Technology shall conduct appropriate due diligence when engaging with:
- Suppliers and vendors
- Agents and consultants
- Business partners and contractors
The Company expects all third parties working with us to comply with this Anti-Bribery & Corruption Policy.
7. Reporting and Whistleblowing
Any employee or stakeholder who suspects bribery or corruption must report it immediately through the company’s reporting channel.
Reports will be treated confidentially, and whistleblowers will be protected from retaliation.
8. Enforcement and Disciplinary Action
Any violation of this policy will result in strict disciplinary action, including:
- Termination of employment or contract
- Legal action under applicable laws
- Reporting to the relevant authorities
9. Training and Awareness
First Laser Technology will ensure employees are aware of this policy through regular training, communication, and internal compliance programs to promote a culture of integrity.
10. Review of Policy
This policy will be reviewed periodically to ensure compliance with applicable laws, regulations, and best practices.
First Laser Technology Sdn. Bhd. remains committed to ethical business practices and to maintaining the trust of our customers, partners, and stakeholders.