Compliance

• Worldwide, there are cases of prominent corporate scandals and non-conformance to laws, statutory regulations, policies and standards leading to the collapse of businesses including well known establishments.

  TPC believes that good corporate governance is the critical success factor to achieve business sustainability and long term growth. TPC has developed Business Principles and Code of Ethics to elaborate policies and rules governing the conduct of all employees based on integrity, morality and legality.

  To enhance corporate compliance programmes, strengthen legal compliance

• and reduce risk of corporate fraud, TPC has also appointed an Ethics Compliance Officer to supervise implementation of Code of Ethics and ensure compliance by all employees, and established a Compliance Committee to review issues concerning compliance, initiate compliance investigation and administrate Speak-Up System.

  TPC views compliance as an integrated part of all business activities and operations. Compliance is part of the overall business strategy of the Company. Compliance is non-negotiable and there is no room to compromise compliance requirements.

• 

  PDPA

  The Polyolefin Company (S) Pte Ltd shall comply with the Personal Data Protection Act 2012 ("PDPA") and all applicable Personal Data Protection laws in other countries with regards to the protection of personal data accessed by the Company.

  The Personal Data Management Principles in managing the collection, use, disclosure and protection of personal data of employees, customers, service providers and visitors in the course of conducting our business activities, are as follows:

  • 1.Recognize the right of an individual to protect their personal data and the need of the Company to collect, use or disclose personal data for specific purposes.

  • 2.Appoint a Data Protection Officer (DPO) to act as Company's Representative in matters concerning personal data.

  • 3.Maintain the accuracy and currency of personal data possessed by the Company, and fulfil the obligations stipulated in the PDPA.

  • 4.Implement an audit system to identify improvement on personal data management and to check for compliance.

  • 5.Establish a system to resolve queries and complaints from the public and employees with data protection issues.

  • 6.Communicate effectively all relevant regulatory requirements and procedures to employees.

  In so doing, the Company has developed and established policies and procedures to guide all employees and ensure that they comply with regulatory requirements pertaining to personal data protection, in accordance with the principles.

  The Company will endeavour to keep up-to-date relevant developments and trends in data protection and review our policies and procedure accordingly.

  For further enquiry concerning Personal Data issues, please send your enquiry to our DPO here

• 

  Anti-Competition

  Competition stimulates growth and efficiency of competitive companies, making them responsive towards consumers’ needs through innovation and improvement in quality and services. Anti-competitive practices produce the reverse effect that benefits only a few players.

  Wholesome competition fosters a sustainable business environment that benefits not only the Company’s shareholders, business partners but also the society in general. Holding fast to our business values and principles is therefore very crucial and important as they serve as moral guides in our business conduct. TPC is pro-competition and does not tolerate anti-competitive behavior.

  TPC has formulated the Competition Compliance Programme to provide such direction and enhance the competitive edge. TPC is committed towards total compliance to the Competition Acts.

• 

  Anti-Bribery

  Universally, Bribery has been acknowledged as immoral and unethical, stifling economic development and growth, compromising safety and quality of goods and services supplied.

  It is an offence for organisations and individuals to pay or receive bribes, including offering bribes to public officials in other countries. In managing Bribery cases, the damages can be very costly and substantial efforts will be needed to re-establish the Company’s reputation and creditability.

  To an organisation, Bribery not only siphoning off the company’s well-earned profit but also creating compounded damages that can threaten the survival of the organisation, in the forms of fines and penalties, time and effort in damage control, other party lawsuits, prohibitions from contracting and various reputational effects.

  TPC emphasis is always on total compliance with local and international regulatory requirements and committed to be transparent and above board in our business conduct. TPC maintains a zero tolerance towards corruption!

• 

  Speak-Up

  TPC has established Speak-Up System to receive a report on violation or suspected violation of Compliance for the purpose of sustaining and reinforcing the system of Compliance.

  An Employee shall immediately report to his/her superior, Line Manager, Human Resource Manager or the Ethics Compliance Officer if he/she has evidence or otherwise suspects that a crime or a violation of the policies relating to the Company has been committed on or off premises by another employee or visitor.

  The Compliance Committee is responsible for constructing, sustaining and operating the Speak-Up System.