Composition and Structure of the Board of Directors
The Company’s Memorandum & Articles of Association (M&A) provide for the number of directors to be between two (2) and ten (10). The Board comprises of three (3) members. The Board also consists of one (1) or 30% of women directors, in accordance with the Guidelines on Corporate Governance for Capital Market Intermediaries.
The Board members include:
1. Yang Berbahagia Datin Hajah Nona Binti Salleh (Chairperson)
2. Mr. Andy Lim Say Kiat (Non-Independent Non-Executive Director)
4. Mr. Khor Hun Chen (Executive Director)
CODE OF BUSINESS CONDUCT & ETHICS
Phillip Wealth Planners Sdn Bhd is committed to acting in the highest standards ethically, professionally and responsibly in all areas of its business practices.
As a capital market and financial services intermediary which operates its business in a highly regulated industry mainly governed by Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM), we are committed to conduct our business in the following manners: –
• with honesty, fairness and integrity;
• with professional due care, skill and diligence and with high professionalism;
• act in the interest of its clients and not jeopardizing or prejudice clients’ interests;
• act with professional competence to organize and control our business affairs responsibly and effectively, with adequate risk management and supervisory system;
• with adequate financial, human and other resources which are commensurate with our business size;
• managing or mitigating any actual or potential conflicts of interest that may affect our clients’ interest and make sure that it is fairly managed between us and our employees and clients, and between a client and another clients;
• with proper safeguards in place to protect clients’ assets and confidential information at all times and never make improper use of clients’ assets. We observe and protect investors’ personal and financial information at all times in accordance with the Personal Data Protection Act (PDPA) foundational principles;
• with adequate policies and procedures in place that ensure a sound compliance framework which safeguards clients’ interests; and,
• which promotes open and effective communication; by providing fair, accurate, timely and adequate information to clients and regulators at all times.
CORPORATE ETHOS
“To be the best we can be”
Man, being created in God’s image, is endowed with distinct gifts and talents in varying measure. Our high view of man demands that our organisation prevails upon each person to develop himself to his fullest potential by availing opportunities in training, service and responsibility. In the process of achieving our corporate goals, we will put evey effort towards the complementation of individual gifts and talents such that the composite whole is greater that the sum total of its individual parts.
CORPORATE CODE OF PRINCIPLES
1. Man is created in God’s image and therefore has tremendous potential.
2. We prevail upon man to develop his gifts by providing opportunities in training, service and responsibilities.
3. We uphold integrity in conduct. Honesty is telling the truth; Integrity is fulfilling the truth.
4. We believe in the process of deferred gratification that rewards come only after performance. A work well done brings intrinsic satisfaction.
5. We prefer to build businesses rather than trade and therefore would go for the long haul.
6. We see ourselves as stewards to one another, to our families, to our community and to our environment.
7. We are our brothers’ keepers.
8. We will play only positive sum games.
GROUP ANTI-BRIBERY & CORRUPTION POLICY
We adopt zero-tolerance approach to bribery and corruption and committed to acting professionally, fairly and with integrity in all our business relationship. Our Anti-Bribery & Corruption policy is consistent with the Malaysian Anti-Corruption Commission Act 2009 (Act 694) and Guidelines on Adequate Procedures. In addition, our internal policy on Gift and Entertainment provides guidance about what constitutes a bribe/corruption and prohibits giving or receiving any excessive or improper gifts and hospitality.
Any policy or regulatory breaches can lead to dismissal and termination of business relationships.
