As a wholly-owned subsidiary of Tenaga Nasional Berhad, TNB Genco is committed in upholding TNB’s standard of accountability, transparency, fairness and responsibility. These core values will be the guiding principles for recommending and approving the company’s operational and management decision making.
Our company policies help us govern the way we operate and serve our stakeholders worldwide.
It is the policy of TNB Genco that the disclosure and management of Conflicts of Interest is the responsibility of its Personnel at all levels. All potential, perceived and actual conflicts are to be declared in a timely manner and managed using the mechanisms provided by the company. Primary responsibility for managing the declaration lies with the person’s own Manager, with support provided by Human Resource (HR) and the Compliance and Risk Management Department (CRM). Sanctions for non-compliance can be severe, depending on the nature of the declared conflict and its impact on the company.
TNB Genco holds a ‘No Gifts’ policy. However there are some exceptions allowed, provided no Conflict of Interest arises and decision-making behaviour is not influenced. Likewise, normal business hospitality is permitted but must not be so frequent or extravagant that sense of obligation is created on the side of the receiver. Festive hampers are discouraged and are to be refused wherever possible. Discounts for staff by External Providers must be provided transparently as part of a general agreement between the Provider and TNB Genco. Facilitation payments must not be made.
Charitable donations and sponsorships must be made transparently and for the general well-being of the company and the communities it serves. Political contributions are only permissible via an established approval procedure and must be made in line with the law.
Bribery in all its forms related to TNB Genco’s activities is prohibited. It is the responsibility of Personnel at all levels to act with integrity. TNB Genco holds a ‘No Gifts’ policy, although certain exceptions are allowed. Integrity Pledges must be signed by Personnel on a regular basis, as well as a Conflict of Interest declaration. Business Associates acting on behalf of the company must be managed carefully. Reporting of misconduct by Personnel or third parties is expected, with protection provided for all disclosers acting in good faith. The company is committed to enforcing its position, with the Integrity Department (ID) taking on this role. The TNB Genco ABMS will be assessed and updated on a regular basis to ensure its effectiveness is maintained.
For more information, please refer to our full anti-bribery policy here:
TNB Genco expects Personnel at all levels to report concerns they may have on any behaviour they observe in relation to the company’s activities via the channels established for this purpose. External parties encountering misconduct as they work with TNB Genco Personnel are likewise expected to report their concerns through the designated channels. Protection will be provided to all parties acting in good faith.
For more information, please refer to our full whistleblowing policy here: