Our Commitment

Governance is not just about adherence to a set of recommendations. It is a way of doing business and is at the heart of everything we do.

Sime Darby Property’s Corporate Governance objectives include:

  • Promoting integrity, transparency, accountability and responsiveness
  • Ensuring appropriate checks and balances between the Group and its companies
  • Cultivating ethical business behaviour through the Code of Business Conduct

BOARD CHARTER

This Board Charter is subject to the provisions of the Companies Act 2016 (“Companies Act”), the Constitution of Sime Darby Property Berhad (“Sime Property or Company”), the Main Market Listing Requirements (“MMLR“) of Bursa Malaysia Securities Berhad (“Bursa”), the Malaysian Code on Corporate Governance 2017 (“MCCG”) and any other applicable law or regulatory requirements.

Click here to view the Board Charter

BOARD COMMITTEES

The Board is supported by each of the following Board Committees in carrying out its responsibilities:

GOVERNANCE AND AUDIT COMMITTEE (“GAC”)

The GAC assists and supports the Board to ensure effective corporate governance in Sime Darby Property Berhad. It provides a means for reviewing the Group’s processes for producing financial data, its internal controls and policies and procedures. The GAC is also responsible to assess the suitability, objectivity and independence of the Group’s internal and external audit functions.

Terms of Reference

NOMINATION AND REMUNERATION COMMITTEE (“NRC”)

The NRC oversees matters related to the nomination of new Directors, annually reviews the required mix of skills, experience and other requisite qualities of Directors as well as undertakes the annual assessment of the effectiveness of the Board as a whole, its Committees and the contribution of each individual Director;

The NRC is also primarily responsible for recommending to the Board the remuneration framework for Directors, reviewing the remuneration package for Executive Directors and Senior Management as well as the remuneration framework of employees of the Group; and

Terms of Reference

RISK MANAGEMENT COMMITTEE (“RMC”)

The RMC is primarily responsible for assisting the Board in overseeing the risks management framework and policies within the Group and reviews the efficacy of internal controls within the Group.

Terms of Reference

ASSURANCE, COMPLIANCE AND RISK AS THE KEY GOVERNANCE FUNCTION TEAMS

Within the Sime Darby Property, the three gatekeepers of good corporate governance are the Assurance, Compliance and Risk Management functions. The direct reporting lines to the Governance and Audit Committee and the Risk Management Committee enable these functions to operate with a high degree of impartiality and independence.

CODE OF BUSINESS CONDUCT (COBC)

At Sime Darby Property, we are committed to delivering value to our stakeholders by conducting business ethically and responsibly. Our Code of Business Conduct outlines the standards of behaviour we expect from our employees, directors and where applicable, counterparts and business partners, in line with our Core Values. The COBC applies to all businesses and countries in which we operate.

Click on the link below to view or download a copy of the COBC in your preferred language.

VENDOR LETTER OF DECLARATION

As our counterparts or business partners, vendors are expected to adhere to standards of behaviour aligned to promoting a fair, honest and ethical business environment. Sime Darby Property’s Code of Business Conduct (COBC), derived from its Core Values, provides guidance to these standards of behaviour when dealing with or on behalf of the Group.

Vendor Letter of Declaration in 2 languages

Click on the icons below to download the VLOD in PDF format in the language of your choice.

WHISTLEBLOWING

Sime Darby Property expects its employees to operate on the highest standard of integrity as we work with Business Partners who share the same views and principles. Any breach of such principles and any offence committed against the Group’s interest is viewed seriously by the Group, which will result in immediate action against the parties responsible.

Sime Darby Property have set up Whistleblowing channels as an avenue for all stakeholders to report or raise concerns on any misconduct, such as (but not limited to):

  • fraud;
  • misappropriation of assets;
  • sexual harassment;
  • criminal breach of trust;
  • illicit and corrupt practices;
  • questionable or improper accounting;
  • misuse of confidential information;
  • acts or omissions which are deemed to be against the interest of the Company, laws, regulations or public policies;
  • giving false or misleading information (including suppression of any material facts or information);
  • breaches of Group Policies and/or COBC; or
  • the deliberate concealment of any of the above matter or other acts of wrongdoings.

ACTING IN GOOD FAITH

Sime Darby Property expect all reports or concerns to be raised in good faith, with reasonable grounds supporting the concerns. Where allegations are proven to be malicious, we will not hesitate to take appropriate action against the parties responsible.

PROTECTION FROM RETALIATION

Any party who retaliates against a whistleblower will be dealt with accordingly, up to and including legal action, where applicable.

WHISTLEBLOWING CHANNELS

Reports on offences and misconduct can be directed through the provided channels as follows:

Icon eForm

Whistleblowing e-Form

Icon Toll Free

Toll Free Number (Malaysia) 1-800-88-2222

Icon Telephone Hotline

Telephone Hotline at +603-7849 5789

Icon Mobile Hotline

Mobile Hotline at +6019-248 8909

Icon Email

Letters to: GCO Whistleblowing Unit at P.O. Box 8077, Kelana Jaya 46781 Selangor.

More From Us

Media Centre

Review Sime Darby Property insights, news and updates through our media index.

view more

Investor Relations

Learn more about our market presence from our financial stability and stock records.

learn more

Prime Logo

Experience exceptional lifestyles catered to bring you rewards, privileges and much more.

find out more

Looking for something?

Sime Darby Logo Close