96
AirAsia X Berhad • Annual Report 2014
E.
Sustainability Report
The Company is committed in ensuring that it aligns its strategies on matters relating
to the community, workplace, marketplace and environment with sustainability
objectives. The sustainability report is set out in pages 82 to 89 of this Annual Report.
F.
Standard Operating Procedures (“SOPs”)
The Company formalised the following SOPs that will facilitate the safety and
operational effectiveness in the business operation of the Company and ensure its
compliance. The following SOPs are published on the Company’s website.
i.
Sustainability Policy
The Company has established a Sustainability Policy for the provision of guidance
on the Company’s strategy on sustainability with focus on four main domains -
Community, Workplace, Market Place and Environment.
ii.
Whistleblowing Program
In order to improve the overall organisational effectiveness and to uphold the
integrity of the Company in the eyes of the public, the Company has established
a Whistleblowing Policy which acts as a formal communication channel where
all stakeholders can communicate their concerns in cases where the Company’s
business conduct is deemed to be contrary to the Company’s common values.
All concerns should be addressed to Head of Internal Audit who will then assess
all concerns reported and recommend the appropriate action, and subsequently:
• To compile all reports received and submit to the Chairman of the Board,
Audit Committee; and
• To report to Management the results of the investigation for further action.
All details pertaining to the name and position of the whistleblower will be kept
strictly confidential throughout the investigation proceedings.
STATEMENT ON CORPORATE GOVERNANCE
iii. Anti-Fraud Policy
In order to prevent loss or damages due to fraud, the Company has established
an Anti-Fraud Policy, as the Company has zero tolerance in this area. To
safeguard the interest of the Company and stakeholders, legal action may be
taken if required.
All matters should be addressed to Head of Internal Audit, who will then
investigate for further action and recommend for tighter internal control, and
subsequently:
• To compile all investigations and evidence before recommend appropriate
action to be taken; and
• To report to Management and Audit Committee of the results and corrective
action.
iv. Code of Business Conduct
In order to engage efficiently, responsibly and profitable in the commercial
aviation business, the Company seeks the high standard of performance and also
aims to maintain a long term position in the competitive environment towards
shareholders, passengers, employees, business partners and society.
This statement is made in accordance with a resolution of the Board of Directors of AirAsia X
dated 27 April 2015.
