We believe that all supplier relationships should be based on principles of good governance such as integrity, accountability, fairness and no tolerance rule towards bribery and corruption
These principles are given force in a detailed Procurement Code Of Conduct (Code) which is constantly revised to capture changes in law, reputation demands and changes in the business.
Breach of The Code
Suppliers/contractors who have committed a breach of the Code shall be subjected to the following action:
- Penalties or any contractual or legal remedies under the law
- Immediate termination of contract
- Disclosure of nature of breach to TNB
- Blacklisted by TNB and shall be precluded from tendering for any work in the supply chain for the specified period. The directors of the Company may also be blacklisted
Requirements from Suppliers
Other than being subjected to carry out works properly and in accordance with the contract, all TNB suppliers / contractors are obligated to adhere to principles and policies prescribed in the TNB Procurement Code of Conduct. In fulfilling these responsibilities, suppliers, their employees and representatives must:
- Read, understand and internalize the Code
- Comply with the Code
- Report possible violations of the Code by informing Authorized Representatives of TNB
- Cooperate fully in any investigation or audit by Authorized Representatives of TNB with regards to compliance to this Code
To ensure the compliance of the Code, suppliers must:
- Maintain all accurate and complete documentations to support compliance
- Provide Authorized Representatives of TNB with complete and unrestricted access to relevant records, upon TNB’s request
- Allow Authorized Representatives of TNB to conduct confidential interviews with their management, directors and employees individually
- Allow Authorized Representatives of TNB to conduct site visits to the suppliers’ locations in any manner
- Respond promptly to inquiries from Authorized Representatives of TNB regarding implementation of the Code
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