Company Policies and Financial Ethics Quiz
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Questions and Answers

What should employees do if they are subpoenaed to give evidence in court related to the Company?

  • Notify their immediate superior (correct)
  • Ignore the subpoena
  • Refuse to cooperate with legal authorities
  • Seek legal counsel before responding
  • Which of the following actions is prohibited for employees during business hours?

  • Taking breaks
  • Attending meetings
  • Possessing illegal drugs (correct)
  • Using company email for personal messages
  • What is expected of employees in relation to customer information?

  • Always protect sensitive, private or confidential customer information (correct)
  • Share it freely with colleagues
  • Only protect it when in the office
  • Disclose it for marketing purposes
  • What behavior is unacceptable in the workplace according to the guidelines?

    <p>Engaging in harassment or abusive acts (C)</p> Signup and view all the answers

    What should be taken into consideration while selecting suppliers or business partners?

    <p>Product or service suitability, capability, price, delivery, and quality (B)</p> Signup and view all the answers

    What appearance are employees required to maintain while representing the Company?

    <p>Clean and professional (C)</p> Signup and view all the answers

    Which action towards the Company's reputation is explicitly prohibited for suppliers/business partners?

    <p>Using the name or logo without consent (C)</p> Signup and view all the answers

    What is the primary responsibility of all employees regarding the Code?

    <p>To comply with its requirements (B)</p> Signup and view all the answers

    What is the total estimated value of the unit trust owned by Nur binti Ahmad?

    <p>MYR 200,000 (C)</p> Signup and view all the answers

    Which financial institution is associated with the outstanding balance of the unit trust?

    <p>Maybank (C)</p> Signup and view all the answers

    How much total cash deposit is recorded under Nur binti Ahmad?

    <p>MYR 500 (D)</p> Signup and view all the answers

    What is the original amount stated for the unit trust financing?

    <p>MYR 200,000 (C)</p> Signup and view all the answers

    What does the financial source for the cash deposit represent?

    <p>Income savings from employment (C)</p> Signup and view all the answers

    What is the primary objective of the Code of Business Ethics?

    <p>To inform stakeholders of acceptable and unacceptable business conduct (A)</p> Signup and view all the answers

    Who is responsible for ensuring that the company's standards, policies, and procedures comply with the Code?

    <p>Only the senior management team (B)</p> Signup and view all the answers

    What action should employees take if they notice a violation of the Code?

    <p>Report it to management or through the Whistleblowing Channel (D)</p> Signup and view all the answers

    How often must employees complete and submit the Declaration of Assets form?

    <p>Annually (C)</p> Signup and view all the answers

    Who should seek advice on the Code if needed?

    <p>Any employee who feels uncertain about the Code (C)</p> Signup and view all the answers

    What is the frequency of the Code of Business Ethics review mandated for employees?

    <p>At the commencement of employment and annually (A)</p> Signup and view all the answers

    Which of the following groups are included in the scope of the Code of Business Ethics?

    <p>All employees and authorized representatives, including business partners (B)</p> Signup and view all the answers

    What document must employees complete to accept the Code?

    <p>Certificate of Acceptance of the Code (A)</p> Signup and view all the answers

    What is the main principle of UJ's 'No Gift Policy'?

    <p>Only specified exceptions allow for gift acceptance. (A), Employees are prohibited from any form of gift exchange related to Company matters. (C)</p> Signup and view all the answers

    What should an employee do upon receiving or being offered a bribe?

    <p>Report the incident with a full and accurate description. (B)</p> Signup and view all the answers

    What happens to employees who refuse to pay bribes?

    <p>They are supported and will not face negative consequences. (B)</p> Signup and view all the answers

    What is expected from employees when raising concerns about potential violations?

    <p>Reports must be made in good faith and supported by evidence when possible. (A)</p> Signup and view all the answers

    Which group is required to declare assets under the CBE's section 9.12?

    <p>Only executive employees. (D)</p> Signup and view all the answers

    How does UJ ensure confidentiality for individuals raising concerns?

    <p>By safeguarding the identity of the whistleblower. (C)</p> Signup and view all the answers

    What must employees prioritize when observing potential violations of the Code?

    <p>Making a report to the Management or relevant department. (A)</p> Signup and view all the answers

    What is the objective of the asset declaration under the CBE?

    <p>To act as supporting documents during investigations. (A)</p> Signup and view all the answers

    What is the first step an employee must take to declare their assets?

    <p>Fill out the ADF/1 and AF/2 forms (C)</p> Signup and view all the answers

    What should an employee do if they have no assets to declare?

    <p>Fill out a nil return (D)</p> Signup and view all the answers

    What is included in the submission when declaring assets?

    <p>The ADF/1 form in a sealed envelope and the AF/2 form (D)</p> Signup and view all the answers

    What is the total number of employees who submitted their declarations?

    <p>35 (D)</p> Signup and view all the answers

    What must GRC personnel do after receiving the asset declaration?

    <p>Provide an acknowledgment of receipt using the AF/2 form (B)</p> Signup and view all the answers

    What is the compliance progress percentage?

    <p>100% (D)</p> Signup and view all the answers

    Why is the asset declaration submission considered confidential?

    <p>To protect the employee's personal information (D)</p> Signup and view all the answers

    How many departments have submitted declarations?

    <p>0 (C)</p> Signup and view all the answers

    What could result from failing to declare assets?

    <p>Disciplinary action due to breach of obligations (C)</p> Signup and view all the answers

    What is the deadline for submission of declarations?

    <p>3 February 2025 (A)</p> Signup and view all the answers

    What form must be retained by the employee after submission?

    <p>A copy of the AF/2 form with the acknowledgment (B)</p> Signup and view all the answers

    When is it required to carry out the asset declaration process?

    <p>Annually, and whenever required (D)</p> Signup and view all the answers

    Which department is listed first in the asset declaration table?

    <p>CEO Office (B)</p> Signup and view all the answers

    What will the monitoring of submission compliance be reported to?

    <p>MEC and BARC (D)</p> Signup and view all the answers

    What percentage of compliance do the asset declarations show for all departments?

    <p>0% (C)</p> Signup and view all the answers

    Which department has not submitted any declarations?

    <p>All of the above (C)</p> Signup and view all the answers

    Flashcards

    What is the Code of Business Ethics?

    A set of guidelines that define acceptable and unacceptable business conduct and behavior for all employees and stakeholders of Urusharta Jamaah Sdn Bhd.

    What is the primary responsibility of employees regarding the Code of Business Ethics?

    To ensure that all employees understand the Code, conduct their duties with integrity, and report any violations.

    What responsibility does Management have when it comes to the Code of Business Ethics?

    Management must ensure that all Company standards, policies, and procedures comply with the Code of Business Ethics.

    What is the objective of the Code of Business Ethics?

    To support the core values of Urusharta Jamaah Sdn Bhd. by providing clear expectations for ethical conduct.

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    What is the purpose of the Annual Declaration of Assets form?

    The declaration is intended to ensure transparency and accountability in the management of assets by ensuring that all employees are aware of and comply with the Code's principles.

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    How frequently must employees demonstrate their acceptance and compliance with the Code of Business Ethics?

    Employees must annually submit a Declaration of Assets form and a Certificate of Acceptance of the Code of Business Ethics.

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    Who does the Code of Business Ethics apply to?

    All employees and other authorized representatives of the company, including business partners, subsidiaries, and joint ventures.

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    When does the Code of Business Ethics become applicable for new employees?

    The Code of Business Ethics is applicable at the commencement of employment and annually.

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    Respectful Workplace

    All employees are expected to treat each other fairly and with respect, regardless of their positions. This includes refraining from any form of harassment, abuse, or violence.

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    Workplace Safety

    Employees are required to follow all safety, health, and environmental regulations and practices to ensure a safe working environment for everyone.

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    Prohibition of Drugs and Alcohol

    Employees are strictly prohibited from possessing, distributing, or selling illegal drugs, alcohol, or any prohibited substances.

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    Customer Focus

    Employees must adhere to the company's service delivery standards and prioritize customer satisfaction in their interactions.

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    Confidentiality of Customer Information

    Employees are obligated to handle customer information with discretion and maintain its confidentiality.

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    Professional Appearance

    When representing the company, employees are expected to maintain a professional appearance, both inside and outside the office.

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    Supplier Selection

    Suppliers and business partners should be chosen based on their ability to provide quality products or services at competitive prices.

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    Unauthorized Use of Company Logo

    Suppliers and business partners are not allowed to use the company's name or logo without written permission.

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    UJ's "No Gift Policy"

    UJ employees are prohibited from receiving or giving gifts or benefits as rewards or consideration, except for specific exceptions.

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    UJ's Anti-Bribery Policy

    UJ employees are prohibited from accepting or offering any form of gratification related to company matters, including interactions with suppliers, business partners, or personal connections.

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    Reporting Bribes

    If an employee receives or is offered a bribe, they must report it to the appropriate authorities.

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    Protection for Refusing Bribes

    No employee will face negative consequences for refusing to pay bribes, even if it means losing business.

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    Employee Responsibilities for the Code of Business Ethics

    All employees must be vigilant for potential violations of the Code of Business Ethics.

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    Complaints and Investigations

    All complaints regarding the Code of Business Ethics must be made in good faith and supported with relevant information and evidence.

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    Confidentiality and Support for Reporting Violations

    UJ ensures confidentiality for employees who raise concerns regarding the Code of Business Ethics and will support those who report in good faith.

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    UJ's Asset Declaration Policy

    Executive employees are required to submit annual asset declarations for transparency and accountability.

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    Asset Declaration Frequency

    All employees must submit an Asset Declaration form upon starting their employment, annually, and whenever required by the company.

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    Submission Process

    The Asset Declaration form (ADF/1) is placed in a sealed envelope and submitted to the GRC personnel along with the Employee Attestation form (AF/2).

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    Acknowledgment of Receipt

    The Employee Attestation form (AF/2) is used by GRC personnel to acknowledge receipt of the sealed envelope containing the Asset Declaration form.

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    Nil Return

    Employees who do not own any assets to declare are required to file a "nil return".

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    Confidentiality of Asset Declaration

    The Asset Declaration form is treated as private and confidential information. Only the Chief Executive Officer can authorize the opening of the sealed envelope.

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    Consequences of Non-Disclosure

    Failure to declare assets can result in disciplinary action, as it is a breach of the company's Code of Business Ethics.

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    Objective of Asset Declaration

    The Asset Declaration process aims to ensure transparency and accountability in the management of assets within the company.

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    Code of Business Ethics Relevance

    The company's Code of Business Ethics sets the guidelines for ethical behavior and conduct, including asset declaration requirements.

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    What is the deadline for asset declarations?

    The deadline for submitting the annual Declaration of Assets form is 3 February 2025.

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    Who monitors asset declaration compliance?

    The compliance progress for asset declarations is monitored by MEC and BARC as part of the UJ Compliance Program.

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    What is the expected professional appearance for employees?

    Employees are expected to maintain a professional appearance, both inside and outside the office, when representing the company.

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    When does the Code of Business Ethics apply to new employees?

    The company's Code of Business Ethics is applicable to new employees at the commencement of their employment and annually.

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    Where is the compliance of the Code of Business Ethics reported?

    Monitoring of submission compliance for the Code of Business Ethics is reported to MEC and BARC.

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    What is the main objective of the Code of Business Ethics?

    The Code of Business Ethics guides employees and stakeholders on business conduct, supporting the core values of Urusharta Jamaah Sdn Bhd.

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    Asset Declaration

    A detailed record of an individual's assets, including financial holdings such as bank accounts, properties, and investments used to purchase a property.

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    Code of Business Ethics

    An official guideline that outlines ethical behavior and conduct for all employees and business partners of Urusharta Jamaah Sdn Bhd.

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    Registered Owner

    An individual who legally owns a property. Multiple owners can be registered in different relationships, such as joint ownership.

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    Estimated Value

    The total monetary value of an asset, based on current market estimates.

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    Financial Sources

    The sources of funds used to finance a property purchase, including cash, loans, and investments.

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    Study Notes

    FY2025 Annual Attestation

    • Urusharta Jamaah SDN BHD is conducting an annual attestation exercise related to the Code of Business Ethics ("CBE") and Asset Declaration.
    • The exercise is scheduled for January 10, 2025.
    • The exercise is classified as "private & confidential".

    Code of Business Ethics (CBE)

    • The CBE outlines acceptable and unacceptable business conduct for the company, its employees, business partners, and stakeholders.
    • UJ Core Values underpin the code and aim to define suitable behavior.
    • The code applies to all employees and authorized representatives within the company's subsidiaries and joint ventures.
    • Adherence to the code is mandatory for everyone. Non-compliance could result in disciplinary actions, including termination.

    Responsibilities Regarding the CBE

    • Management:
      • Ensures company standards, policies, and procedures comply with the CBE.
      • Reports any violations up the chain of command.
      • Ensures employees complete the annual Asset Declaration and Certificate of Acceptance forms.
    • Employees:
      • Must read, understand, and adhere to the CBE.
      • Must conduct all duties with integrity.
      • Needs to seek advice from relevant supervisors or departments.
      • Must report any violations to management or through the whistleblowing channel.
      • Complete and submit the annual asset declaration and certificate of acceptance forms.

    Dealing With Employees

    • All employees must be treated respectfully.
    • Harassment, abuse, and violence are strictly forbidden.
    • Workplaces must adhere to safety, health, and environmental standards.
    • Illegal drugs, alcohol, and prohibited substances are strictly prohibited.
    • Acts of pornography or immoral activities are prohibited during business hours.
    • Employees who need to give evidence in court regarding company issues must notify their immediate superior.

    Dealing With Customers

    • Employees must consistently adhere to and uphold company service standards.
    • Protecting customer information (sensitive, private, confidential ) is essential.
    • Employees must maintain a clean and professional appearance while representing the company, whether in or outside of office premises.

    Dealing With Suppliers & Business Partners

    • Employees must showcase dedication and trustworthiness while interacting with suppliers and partners.
    • All company policies, procedures, and standards must be followed.
    • Business dealings with parties that may harm the company's reputation are strictly forbidden.
    • The use of UJ's logo or company name without explicit written permission is restricted.
    • Contracts/purchasing agreements must be clearly documented with sufficient details.
    • Supplier selection should be based on service relevance, capability, pricing, and quality.

    Dealing with Government & Communities

    • Employees can support communities, charities, and causes in a personal capacity.
    • Must cooperate with reasonable requests from government bodies and keep information accurate.
    • UJ is forbidden from supporting political parties or candidates, monetarily or otherwise.
    • Employees involved in full-time political activities must resign from UJ.

    Dealing with Company Assets

    • Employees are responsible for safeguarding company assets, preventing theft, misuse, or damage, and using them only for work purposes.
    • Employees cannot use company assets for illegal activities or personal gain.
    • Employees must maintain confidentiality of company information, even after employment ends, unless the information becomes publicly available lawfully.
    • Honest recording and reporting of information, including financial and operational data, is a must.

    Conflict of Interest

    • Employees must make decisions that are in the best interest of the company, avoiding potential conflicts of interest or personal relationships.
    • Employees cannot accept outside employment or directorships from companies that do business with UJ, without prior CEO approval.
    • Prior approval from a designated personnel is required before trading in public securities.
    • The company has a "no gift policy" regarding gifts and any benefits, except for specific exceptions.

    Fighting Bribery and Corruption

    • UJ must adhere to all anti-bribery and anti-corruption laws and regulations.
    • Employees cannot give or receive any gratification related to company suppliers, partners, or personal connections.
    • Any supplier or partner should not offer gratification to influencing employees.
    • Bribery must be reported accurately by employees, including the individual involved.
    • Consequences of refusing to pay bribes will not negatively impact an employee.

    Escalation Procedures

    • Employees must be sensitive to situations that might violate the Code of Ethics, whether done by themselves or others.
    • Employees must report potential or actual violations to management or relevant departments.
    • Complaints must be submitted in good faith, with supporting evidence where possible.
    • UJ is committed to maintaining the confidentiality of those raising concerns, and they are supported in doing so.

    Asset Declaration

    • Objective: Establish an obligation under the company's Code of Ethics in cases of possible investigation.
    • Scope: The document will deal with declarations made by executive employees only.
    • Frequency: Declarations are required upon employment commencement, annually, and as required by the company.

    Asset Declaration Instructions

    • Employees must complete forms: Asset Declaration and Employee Attestation .
    • Documents can be submitted to company personnel in a sealed envelope.
    • Assets valued above a certain threshold (one-month salary) must be declared — this includes assets owned individually and jointly (with spouse and children).

    Submission and Monitoring

    • Submit documents within 14 days of employment commencement, annual declaration exercise, or any request from the company.
    • Monitoring of submission compliance is conducted through data of submitted and pending declarations.

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