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BUSINESS ETHIC AGREEMENT (BEA) This BUSINESS ETHIC AGREEMENT (“AGREEMENT”) is made as of this [ ] (“Effective date”), by and between Formach Asia Sdn Bhd including Formach Asia Pte Ltd or other associated companies, having a place of business at 15&17 Jalan Mahir 4, Taman Perindustrian Cemerlang, 81800 Ulu Tiram, Johor Malaysia, (hereinafter “FORMACH”) [NAME AND I/C No.] (hereinafter “EMPLOYEE”). To meet social responsibilities and to achieve success in the marketplace, Formach employee is to uphold the highest standards of ethics with our suppliers, vendors, contractors, carriers, consultant, customers, dealers or their agents. The highest standards of Integrity are to be expected in all business interactions. Any and all forms of corruption, extortion and embezzlement are strictly prohibited resulting in immediate termination and legal actions. The highest standards of ethics including: 1) Business Integrity The highest standards of integrity are to be expected in all business interactions. Employee shall prohibit any and all forms of corruption, extortion and embezzlement. Monitoring and enforcement procedures shall be implemented to ensure conformance. Anyone dealing with suppliers, vendors, contractors, carriers, consultant, customers, dealers or other persons having business with the Company shall conduct such activities in the best interests of Formach without favor or preference. 2) No Improper Advantage Bribes or other means of obtaining undue or improper advantage are not to be offered or accepted. Gifts, gratuities, entertainment or anything of value shall not be accepted from any person who has business with Formach and its affiliates. This prohibition also applies to employees’ immediate family members and anyone living in their homes. 3) Disclosure of Information Information regarding business activities, structure, financial situation and performance is to be disclosed in accordance with applicable regulations and prevailing industry practices. 4) Intellectual Property Intellectual property rights are to be respected; transfer of technology and know-how is to be done in a manner that protects intellectual property rights. 5) Fair Business, Advertising and Competition Standards of fair business, advertising and competition are to be upheld. Appropriate means to safeguard customer information must be available. 6) Protection of Identity Programs that ensure the confidentiality and protection of supplier and employee whistleblower are to be maintained. Copyright Formach Asia

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Page 1: Business Ethic Agreement - formachasia.com€¦ · BUSINESS ETHIC AGREEMENT (BEA) This BUSINESS ETHIC AGREEMENT (“AGREEMENT”) is made as of this [ ] (“Effective date”), by

  

 

BUSINESS ETHIC AGREEMENT (BEA)

This BUSINESS ETHIC AGREEMENT (“AGREEMENT”) is made as of this [ ] (“Effective date”), by and between Formach Asia Sdn Bhd including Formach Asia Pte Ltd or other associated companies, having a place of business at 15&17 Jalan Mahir 4, Taman Perindustrian Cemerlang, 81800 Ulu Tiram, Johor Malaysia, (hereinafter “FORMACH”) [NAME AND I/C No.] (hereinafter “EMPLOYEE”).

To meet social responsibilities and to achieve success in the marketplace, Formach employee is to uphold the highest standards of ethics with our suppliers, vendors, contractors, carriers, consultant, customers, dealers or their agents.

The highest standards of Integrity are to be expected in all business interactions. Any and all forms of corruption, extortion and embezzlement are strictly prohibited resulting in immediate termination and legal actions.

The highest standards of ethics including:

1) Business Integrity

The highest standards of integrity are to be expected in all business interactions. Employee shall prohibit any and all forms of corruption, extortion and embezzlement. Monitoring and enforcement procedures shall be implemented to ensure conformance. Anyone dealing with suppliers, vendors, contractors, carriers, consultant, customers, dealers or other persons having business with the Company shall conduct such activities in the best interests of Formach without favor or preference.

2) No Improper Advantage

Bribes or other means of obtaining undue or improper advantage are not to be offered or accepted. Gifts, gratuities, entertainment or anything of value shall not be accepted from any person who has business with Formach and its affiliates. This prohibition also applies to employees’ immediate family members and anyone living in their homes.

3) Disclosure of Information

Information regarding business activities, structure, financial situation and performance is to be disclosed in accordance with applicable regulations and prevailing industry practices.

4) Intellectual Property

Intellectual property rights are to be respected; transfer of technology and know-how is to be done in a manner that protects intellectual property rights.

5) Fair Business, Advertising and Competition

Standards of fair business, advertising and competition are to be upheld. Appropriate means to safeguard customer information must be available.

6) Protection of Identity

Programs that ensure the confidentiality and protection of supplier and employee whistleblower are to be maintained.

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Page 2: Business Ethic Agreement - formachasia.com€¦ · BUSINESS ETHIC AGREEMENT (BEA) This BUSINESS ETHIC AGREEMENT (“AGREEMENT”) is made as of this [ ] (“Effective date”), by

  

 

This AGREEMENT shall begin on the Effective Date and may be terminated by either party here to termination of employment in written notice, FIVE years thereafter; provided, that the obligations set forth in this AGREEMENT shall survive the termination of the AGREEMENT.

I’ve read and fully understood the content. I fully accept and agreed with the BEA.

EMPLOYEE FORMACH ASIA SDN BHD (506283H) WITNESS

(Signature) (Signature) (Signature) Name: Name: Name: I/C No: Title: Title: Date :   Date:   Date:

 

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