Whistleblowing Policy

Tricor Axcelasia (“Axcelasia”) is committed to the highest possible standards of ethical, moral, and legal conduct. Consistent with this commitment, the policy aims to support good management practices and sound corporate governance practices.

This policy aims to provide a structured mechanism for employees and others to raise or report concerns about ongoing or suspected wrongful activities or wrongdoings to provide reassurance that they will be protected from reprisals or victimisation for whistleblowing in good faith.

For the purpose of this policy, the wrongful activities or wrongdoings refers to any potential violations or concerns relating to any laws, rules, regulations, acts, ethics, integrity and business conduct, including any violations or concerns relating to malpractice, illegal, immoral, embezzlement and fraudulent activities which will affect the business and image of Tricor Axcelasia including Tricor Taxand, Tricor Softnex, Tricor Talent and Tricor HR Consulting.

The Board of Directors (“BOD”) of Axcelasia has a stewardship responsibility to communicate the requirements of this policy and to guide the organisation in dealing with concerns arising from wrongful activities or wrongdoings.

The Policy of the BOD is:

1.    To encourage active exercise of the obligation to report wrongdoings
All employees and others are required to report any ongoing or suspected wrongful activities or wrongdoings at the earliest possible stage through the proper channel of reporting so that immediate action can be taken. The report should be made directly to the Audit Committee Chairman (+6019-2889977 or email This email address is being protected from spambots. You need JavaScript enabled to view it.)

2.    To use internal disclosure to report wrongdoings
As far as reasonable, internal disclosure is encouraged.

3.    To protect the whistleblower
Where the disclosure is made in good faith, the whistleblower will be protected against victimisation or other adverse treatment.

4.    To ensure appropriate and fair disciplinary action
All action taken against the alleged wrongdoers would be fair and without prejudice.

5.    To require that an effective whistleblowing guideline be established and maintained by the Axcelasia Group
Whistleblowing guidelines must be sufficient to:
a)    Establish  formal and robust whistleblowing guidelines, including hotline accessibility
b)    Prohibit legal sanctions for retaliatory action taken against the whistleblower;
c)    Establish timely feedback/response and remedial and/or corrective action;
d)    Ensure that this policy is properly communicated to all employees;
e)    Establish procedures to maintain records confidentiality and retention; and
f)    Embed integrity, transparency and accountability within the business.

Dr. Veerinderjeet Singh        
Non-Executive Chairman of Tricor Services (Malaysia) Sdn Bhd