Corporate Governance
PIL strictly complies with the relevant laws and regulations in its global operations.
In addition, PIL strives to uphold the highest standards of governance and ethical business conduct in
its global operations. All business deals and commercial relationships are conducted in a proper manner,
with strong emphasis on legality, integrity and fairness. Towards this end, PIL implements and regularly
reviews its systems and processes.
1. Anti-corruption & Anti-bribery
Corruption and bribery negatively impact the economy, businesses, environment and people. A key
corruption risk for PIL is in the form of facilitation payments when we deal with local port and customs
authorities.
PIL adopts a zero-tolerance approach to corruption and bribery, and has in place an Anti-bribery and
Corruption Policy which sets out the responsibilities expected from all of PIL’s staff in observing and
upholding PIL’s position on corruption and bribery; and provides information and guidance on how to
recognise and deal with corruption and bribery related issues.
As part of risk management, amongst other things, PIL engages in continual risk assessment of internal
and external risk factors, evaluation of existing risks protection and mitigation measures (including
contractual protection and due diligence) and monitoring of anti-bribery and corruption breaches.
2. Anti-Competitive Behaviour
PIL does not tolerate any form of anti-competitive behaviour. PIL’s staff are guided by the Competition
Compliance Policy; and PIL’s legal department and agency management team collectively monitor competition
law compliance globally, under the oversight of PIL’s senior management.
3. Whistleblowing Policy
We implement our Whistleblowing Policy to strive towards strengthening our corporate governance.
The Whistleblowing Policy is intended to provide a framework to promote responsible and secure whistleblowing without fear
of adverse consequences.
PIL does not tolerate any malpractice, impropriety, statutory non-compliance or wrongdoing by staff in the course of their
work. Employees and external parties, such as suppliers, customers, contractors and other stakeholders, may use the channels
set out in this Policy to report any concern or complaint.
Whistleblower Committee
PIL’s Whistleblower Committee comprises Mr SS Teo, Executive Chairman and Mr Lars Kastrup, Chief
Executive Officer. The Internal Audit Department mans the Whistleblower channels and provides support
to the Committee.
Confidentiality and Protection for the Whistleblower
The Whistleblowing Policy provides an avenue for employees of PIL and its group of companies, as well as external parties,
in reporting matters of concern to the Whistleblow Committee, without fear of reprisal, discrimination or adverse consequences,
and also permits the Committee to address such reports by taking appropriate action(s) against the responsible parties. The
Policy is meant to protect genuine whistleblowers from any unfair treatment as a result of their report.
Whistleblowers should report their concerns in good faith. The Policy is not a route for taking up personal grievances.
These should continue to be taken up directly with the superiors or the relevant Division or Department Heads in the
respective companies.Frivolous and bogus complaints will be disregarded.
Whistleblowers are allowed to report in anonymity. However, we encourage whistleblowers to put their names to the allegations
in case further information or clarification is required.
All concerns and identities of the whistleblowers will be treated with strict confidentiality.
Reportable Incidents
Reportable wrongdoings include the following:
- Questionable accounting
matters
- Acts of corruption and bribery
- Collusion with competitors
- Breaches of company policies
- Other matters of concern not listed above
Reporting Channels
Alternatively, you may also report via the following channels:
Hotline: |
+65 6421 0555 |
E-mail : |
whistleblow@sgp.pilship.com |
By Post: |
Pacific International Lines (Pte) Ltd, |
|
128 Beach Road, #15-01 Guoco Midtown, Singapore 189773
|
|
Attention : Whistleblower Committee |
To enable us to
effectively investigate your concerns, the following information should be
provided, where possible:
- Name(s) of person(s) /
company(ies) involved
- Date, time and location of
incident
- Frequency of occurrence of
the incident
-
Value of any money or
assets involved
- Details of evidence (if any)
- Any other information that
may substantiate the concern
Note: The Company may modify this Policy from time to time to maintain compliance
with any applicable laws and regulations.