Communication on Progress

Participant

Published

Time period

Format

Differentiation Level

Self-assessment

Includes a CEO statement of continued support for the UN Global Compact and its ten principles
Description of actions or relevant policies related to Human Rights
Description of actions or relevant policies related to Labour
Description of actions or relevant policies related to Environment
Description of actions or relevant policies related to Anti-Corruption
Includes a measurement of outcomes

Statement of continued support by the Chief Executive Officer
Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.
29 September 2013

To our stakeholders,
I am pleased to confirm that FKO Corporate Services Sdn Bhd ("FKO") reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our partners, business associates and stakeholders using our primary channels of communication.

Sincerely yours,

Andrew Bryan Perera
 Executive Director

Human Rights

Assessment, policy and goals
Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.
As the last report, FKO:
1) Remains fully committed to the Universal Declaration of Human Rights in its entirety.
2) Continues to endeavor to respect Human Rights and prevent potential abuses via ethical and responsible business practices
3) Continues to urge all partners, business associates and vendors to adhere to the Global Compact principles on Human Rights
4) Continues to enhance awareness of salient Human Rights issues through awareness and training programs

Implementation
Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.
Since the last reporting, FKO has conducted in-house training to increase the awareness, understanding and knowledge of Human Rights issues. It has also encouraged staff to participate in pertinent external training programs relating to employment and labour issues. These initiatives have served to benefit all staff and they are now better placed to carry out their functions and responsibilities in line with the 10 Principles

Measurement of outcomes
Description of how the company monitors and evaluates performance.
All staff that have benefitted from the training are required to report on the knowledge gained and the manner in which it will be applied for the discharge of their functional responsibilities. Periodic review by senior management with regards to the progress in this area

Labour

Assessment, policy and goals
Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.
FKO provides company secretarial services to a large number of Malaysian corporations and firms. This requires the firm to be fully familiar and comply with all Malaysian legislations relating to employment and labour issues. FKO continues to encourage all its stakeholders to adhere to the Global Compact Labour principles

Implementation
Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.
As stated in the last report, FKO's employment policies are underpinned by meritocracy, the wellbeing of all employees and their families, non-discrimination in terms of gender, race and religious dispositions. The emphasis of FKO's policies, in terms of these issues, remain unchanged and are firmly entrenched in the organisational behaviour of the firm.

Measurement of outcomes
Description of how the company monitors and evaluates performance.
Through periodic staff meetings, dialogues and avenues for staff feedback on employment terms and conditions

Environment

Assessment, policy and goals
Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.
As stated in the last report, FKO has clear and strictly enforced procedures in respect of:
1) non-smoking zones for its entire business practices
2) energy saving measures including minimal use of air-conditioners, lighting and electrical appliances
3) frequent use of recycle paper only
4) enhanced use of electronic data storage to minimize the use of hardcopies

Implementation
Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.
All measures taken to safeguard the environment are set-out in FKO's policy manual and these are monitored regularly to ensure compliance by all staff. All staff are also encouraged to provide feedback and suggestion on new initiatives to enhance FKO's performance in protecting and safeguarding the environment

Measurement of outcomes
Description of how the company monitors and evaluates environmental performance.
Periodic review of results by senior management with regards to the progress and adherence to the policy measures relating to the Global Compact environmental principles by all employees and stakeholders

Anti-Corruption

Assessment, policy and goals
Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.
As stated in the last report, FKO continues a zero tolerance policy on corrupt practices and this remains unchanged

Implementation
Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.
As also stated in the last report, FKO practices good governance, integrity and whistle blowers are encouraged and safe-guarded
FKO being corporate secretaries, as defined by the Malaysian Companies Act 1965, has a statutory responsibility to notify the Central Bank and other regulatory bodies of any transactions that maybe of a fraudulent or of a corrupt nature. Appropriate policies are in place to comply with the same and these also remain unchanged

Measurement of outcomes
Description of how the company monitors and evaluates anti-corruption performance.
With regards to third party services, FKO has a statutory requirement to report annually to the Companies Commission of Malaysia on any irregularities, malpractices and non-compliances