The Seaoffshore Code of Conduct is
established as a declaration of Seaoffshore Capital Sdn Bhd's core governing
principles and its commitment to upholding them. It also sets the expectation
that all parties dealing with Seaoffshore will abide by these principles, just
as Seaoffshore commits to abiding by this code. This Code binds the entire
Seaoffshore Group of Companies, including all directors, employees, and extends
to contractors.
The ethical foundation of
Seaoffshore is built upon the SEAOFFSHORE PILLARS – MySIR:
Malaysian: Seaoffshore is a
proudly Malaysian company with a strong regional outlook. It prioritizes the
selection of local talent and know-how and practices an inclusive policy for
all Malaysians, aiming to be a part of Malaysia's success story.
Safety (HSSE): As an oil and gas
service and equipment provider, the health and safety of personnel are of
paramount concern, placed on par with profitability. This includes protecting
the environment and local communities, ensuring properly trained, qualified,
and rested personnel, and strictly disciplining alcohol and drug abuse.
Compliance with all rules, regulations, local laws, customs, and Malaysian
government policies is also essential.
Integrity: Integrity is a core
concern that takes precedence over everything else, fostering a culture that
abhors dishonesty. For Seaoffshore, integrity specifically means:
- No Discrimination &
Harassment: Seaoffshore is an equal opportunity employer, tolerating no
discrimination based on gender, race, religion, colour, or background, and
adhering to meritocracy. Proper decorum is maintained in all
communications, prohibiting obscenity and inappropriate language, and all
forms of harassment are treated as serious misconduct.
- Anti-Bribery:
Seaoffshore takes a strong stand against all forms of dishonesty and
bribery, guided by the Malaysian Anti-Corruption Commission Act 2009 (MACC
Act), the Prime Minister’s Office Guidelines on Adequate Measures (2018),
and the UNITED NATIONS Global Compact (2013). This prohibition applies to
both private dealings and dealings with all government officials. While
acknowledging relationships contribute to goodwill, gifts and
entertainment must be within reason, free of improper motive, appropriate,
related to business promotion, transparent, and documented. Money
laundering is strictly prohibited, with due diligence conducted on new
parties or suspicious fund sources.
- Managing Conflicts of
Interest: Proactive steps are taken to avoid situations of conflict or
appearance of bias, ensuring objectivity. Transparency is a mandatory
requirement for all individuals associated with Seaoffshore in the event
of potential conflicts.
Responsibility: A sense of
responsibility underpins commercial objectives, guiding actions towards the
company, the Board, employees, the country, and the environment. This includes
control measures against bribery (like due diligence and confidential reporting
channels), maintaining confidentiality and protecting personal data, respecting
human rights, and proper maintenance of financial records.
The Code of Conduct is considered
a "live set of principles and guidelines" that will continue to
evolve and improve by adhering to national and global standards. Leadership by
example, starting from the top, is also emphasized.
All employees, directors, and, to
the extent possible, contractors are required to read, be familiar with, and
formally certify their understanding of the Code of Conduct. They must act
conscientiously, balancing profit with adherence to the Code, and raise
questions or concerns about improper conduct.