The Company and its Group (“the Group”) is the land owner of 992 acres in the Tebrau-Plentong region. The Group acts as the master developer of the area and thus, our stakeholders include the people who live in the surrounding area. The Group believes in responsible and inclusive development and we believe this transformative work that we do is for the benefit of the people of Johor Bahru.
The Group strongly believes that a robust and effective Corporate Social Responsibility (“CSR”) Framework would deliver greater value to the Group’s business. CSR creates value to the Group’s stakeholders by enhancing business reputation, brand awareness, and staff engagement levels. The Group believes that CSR initiatives are an integral part of good Corporate Governance. As we aspire to greater corporate governance and profit generation, we believe it is imperative that we contribute back to the community, the environment and improve the welfare of the employees.
The Group is proud to announce that we have high standards in ensuring the environment is handled responsibly, in ensuring high levels of employee engagement and in ensuring adherence to market requirements. We are also proud to announce that in 2014, we have contributed to the cause of several local societies.
The Group recognizes the importance of responsible development with regards to environment preservation and protection, which we believe is important taking into consideration the fast pace of growth of Iskandar Malaysia.
We are vigilant in protecting and preserving the surrounding environment at every stage of our development. To ensure this, the Group has had regular dialogues and feedback sessions with the government agencies and the Department of Environment with the objective of ensuring our developments comply with all government regulations.
The Group believes that human capital plays a substantial role in the success of our Group and that people are our greatest assets. We believe in mutual trust and respect at all levels and we believe that a high performance culture is nurtured through embracing diversity and teamwork, which in turn inspires the employee to aspire more for the company.
In order to attract talent, we have provided competitive benefits, provided health and hospitalisation packages for employees and offer an engaging career path, advancing them professionally with appropriate training to keep the staff up-to-date with the latest industry knowledge and skills. In Year 2014, 89 employees attended training for a total of 950 hours, as below:
The Group believes in achieving gender diversity at the workplace and we strive to strike a balance between male and female employees. As at the end of Year 2014, we have a satisfactory composition of 56% male and 42% female employees. We encourage open communication between our employees and the management. We welcome employees’ comments and feedback so we may better the Group as a whole. We have put in place a whistle blower policy, encouraging employees to report on any illegal, improper or unfair practices they may encounter in their work and dealing with the management.
We strongly believe that with the right people at the right place with the right skills, we are able to promote an innovative and a high performance culture which will make the Group more competitive in the market.
The Group has over the years, maintained a high standard of integrity by its adherence to the Malaysian Code on Corporate Governance and the Overseeing of the Group Operations by the respective Committees. Details are available in the “Corporate Governance Statement” and “the Statement on Risk Management and Internal Control” of this annual report.
The Group maintains regular communication with its stakeholders. We ensure that they are kept informed of all major developments of the Group through timely announcements and various disclosures, press releases, Company’s annual reports and circulars to shareholders.
Additionally, the General Meetings serves as a platform for the shareholders to interact with the Board face-to-face to seek clarifications on any issues and to better understand the Group’s business strategy and performance. A website at www.iwcity.com.my is also maintained and regularly updated for the stakeholders to retrieve information on the Group and our products. We welcome any feedback from the public via our website or our investor relations email adress at ir@iwcity.com.my.
The Group has also received the ISO 9001 certificate, demonstrating our drive for quality and transparency in our product delivery.
The Group and its employees are passionate and mindful about giving back to the community. In recent years we have participated in various local community activities. The Group views that community-based initiatives help to promote positive values of a caring multi-racial society. In Year 2014, the Group has given sponsorship and donations to several societies.
The recipients of our donation and sponsorship are as follows:
The Group looks forward to continue to make CSR initiatives a feature of our company as we develop our land bank. We wholeheartedly believe that our development will both be profitable to the shareholders and at the same time beneficial to the people of Johor Bahru and we look forward to deliver a better 2015.