The Group recognises that its growth and success must be anchored firmly on a framework of sound corporate governance principles, practices and processes. It believes that its drive towards effective corporate governance and ethical corporate conduct will translate to sound business decision, underpinning its operational and financial performance and delivering values to all stakeholders.
Towards this end, the Group upholds a high standard of corporate conduct in conformity to the principles of the Code of Corporate Governance. In addition, the Group’s Social Code of Conduct (the “Code”) is modelled on and applies the language of the Responsible Business Alliance Code of Conduct. This Code builds on the Group’s commitment to good employment practices and workplace related human rights, among other desirable corporate practices. It set out a common approach for corporate wide development of policies and practices. The Code applies to every Venture employee around the world without exception.
The Group believes that corporate governance is not simply a matter of compliance with Code, policies and regulatory standards, however it is embedding the right corporate mindset in its people. Acknowledging that its people are the key upholders of such standards, the Group has conscientiously nurtured a strong corporate governance culture amongst its Board of Directors, Management and its employees. In addition, the Group engages its supply chain partners and business associates actively in the development and implementation of code similar to its corporate standards and practices.
Venture is committed to the ongoing review and refinement of its Code and internal processes by which the business and affairs of the Group are managed. The Group will also uphold its accountability to and auditability by all stakeholders.
To view the Group's Social Code of Conduct Policy please click here.
At Venture, the shared values that bind the Group universally impel its people to strive for business excellence. Similarly, these values inspire every individual in the Group to embrace corporate citizenship with the same spirit.
As such, the Group's corporate social responsibility initiatives extend beyond its statutory obligations. Venture approaches good corporate citizenship as an end in itself rather than as a way to promote the Group and has both selectively and purposefully chosen to support many less prominent charitable organisations that usually face greater challenges in raising funds.
Since its inception, the Group has supported various local community and charitable projects. Apart from corporate contributions and financial assistance towards various worthy social and community programmes, Venture has supported projects related to the performing arts and education.
As part of the Group's Corporate Social Responsibility initiative in collaboration with the Malaysian government, Venture's subsidiary Technocom System embarked on a programme in June 2014 to attract young individuals to consider a dynamic and fulfilling career in the electronics industry, in support of the Malaysian government's Graduate Employability Management Scheme and Venture's Talent Development Program. Through a group of experienced Venture engineers, more than 200 secondary school students were introduced to the fields of science, technology, and engineering.
In 2011, the Group's subsidiary in Johor Bahru, Malaysia, in collaboration with a local hospital, launched its annual Venture Blood Donation Campaign. At its 2011 inaugural event, this initiative attracted a healthy turnout. Since then, it has drew more than 700 blood donors in subsequent campaigns. Through this, the Group has demonstrated that community involvement and outreach is championed not only at the corporate level. Every individual within the Group holds this virtuous quality of giving back to society.
Ensuring customer satisfaction - this is the underlying core value on which we have built our quality mission. We believe that quality is the cornerstone of customer satisfaction and provides the foundation for long-lasting partnerships.
Venture's first rate services and quality proven products are achieved through an effective customer feedback system, a fervent compliance with relevant regulatory requirements and a mindset to continuously improve and maintain the effectiveness of its Quality Management System.
Venture adopts a Total Quality Control (TQC) approach through total participation and commitment of staff at all levels. Venture's quality policy and its objectives are clearly communicated throughout the organisation as well as to its customers and suppliers. Venture's operations and processes have been built to meet international quality standards.
Venture has a comprehensive quality assurance system that satisfies the requirement of international standards including ISO 9001:2008, TS 16949:2009, ISO 13485:2003 and EN 9100:2009.
Venture's head office in Singapore is a member of the Singapore Quality Class, a recognition accorded by the Singapore government for excellent and consistent quality standards and practices.
To view the Group's Quality Policy please click here
Health and Safety Policy
Recognising that its employees are its most valuable assets, Venture places importance in providing and maintaining a safe and healthy work environment across its global operations and facilities. To this end, Venture has implemented environmental health and safety quality standards at all sites and has put in place, processes to ensure that these safety regulations and standards are never compromised.
Regular management reviews are conducted to enhance its existing safety standards and practices, as well as its compliance to the applicable codes, regulations and laws in the countries in which it operates.
To view the Group's Health and Safety Policy please click here
The Venture Group recognises and respects the delicate balance for co-existence of all natural resources. The attainment of the ISO 14001 certification is just a starting point. Beyond this, the Group has an Environmental Management System with key green manufacturing programmes. Group-wide green manufacturing initiatives include:-
The Group has an Environmental System Management (EMS) Committee to review and implement group-wide green initiatives. The Committee aims to comply with all regulatory requirements while improving the Group's overall environmental footprint by reducing waste, water, power, CO2 emissions and any other materials by optimizing outputs and increasing productivity levels.
Year to date, Venture has not been subjected to any regulatory fines or penalties in regards to environmental matters or other environmental aspects. Venture is committed to publishing this information, along with any other significant matters relating to environmental performance, as they occur.
To view the Group's Environmental Policy please click here
Conflict Minerals Policy
The Group is committed to sourcing components and materials from companies that share its values around human rights, ethics and environmental responsibility and is committed to sourcing responsibly and is fully supportive of global efforts to ensure responsible manufacturing process with transparent sourcing in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act ("the Dodd-Frank Act").
Venture supports the actions of Responsible Business Alliance (RBA) and the Global e-Sustainability Initiative (GeSI) and our Conflict Minerals Policy is modelled on RBA reporting requirements.
Venture works closely with its supply chain partners and suppliers to ensure compliance to RBA standards on conflict minerals which outlines that specified metals are not to be sourced from mines in Conflict Regions, which are controlled by non-government military groups, or unlawful military factions.
To view the Group's Conflict Minerals Policy please click here
Corporate Policy on Exchange of Gifts
The Social Code of Conduct of the Venture Group discourages employees from accepting anything more than modest gifts, and meals from business associates at all times.
Other than ordinary business meals and small tokens of appreciation, employees are advised to decline all gifts which might reasonably be seen to compromise their personal judgement and/or integrity.
Similarly, employees are advised against lavish extension of hospitality and gift-giving.
The Group is however cognizant that there will be business associates including suppliers, customers and contractors who will still bear gifts especially during festive occasions. Employees are thus advised to refer to these guidelines and exercise discretion in the acceptance and retention of the gifts:-
• To observe compliance to acceptable business practices under Venture’s Code of Conduct at all times.
• To advise business associates who are insistence on presenting a gift to address the gift to the Company as opposed to an individual and to have the gift delivered to the Company official address. Employees who are in receipt of gifts at their home, are advised to bring the gifts to the office and declare them accordingly.
• Gifts of value equal to or in excess of S$50 including hampers should be declared to HR for further decision, with the exception of gifts in the form of cakes, cookies and/or other perishable confectioneries which may be distributed and shared among employees.
If any employee is in doubt as to how to deal with a gift, he or she is advised to consult the HR Department.
Venture and its subsidiaries (collectively, "Venture") respect the privacy of personal data disclosed to Venture and is committed to protect the personal data of an individual according to applicable laws. The collection, use and disclosure of personal data is outlined in Venture's Personal Data Protection Policy. For a copy of the Policy, please click here.
If you have any questions or concerns on this Policy and any related queries, please contact Venture's Personal Data Protection Officer at firstname.lastname@example.org or by post at 5006 Ang Mo Kio Ave 5 #05-01/12 TECHplace II Singapore 569873.
The Group has in place a Whistle-Blowing Policy to provide a channel for employees and third parties to report and to raise, in good faith and in confidence, any concerns about possible improprieties in matters of financial reporting or other matters. The Policy is meant to protect genuine whistle-blowers from any unfair treatment, reprisal, discrimination or adverse consequences as a result of their report. The objective of the Whistle-Blowing Policy is to facilitate independent investigation of such matters and for appropriate follow-up action(s).
Should you have feedback and/or enquiries on the Group's conduct of business, you may raise it through these channels:-
Hotline : +65-6484 7138 / +65-6484 8370
Address : Whistleblowing Investigation Officer, Internal Audit, Venture Corporation Limited, 5006 Ang Mo Kio Avenue 5, #05-01/12 TECHplace II, Singapore 569873
Email : email@example.com