The Board of Koperasi Usahawan Graduan Perak Berhad (COGRAD) is dedicated to upholding the highest standards of corporate governance, professionalism, and integrity. Our commitment to these principles ensures the safeguarding of members’ interests while enhancing the overall performance of COGRAD and its affiliates.
In adherence to sound corporate governance, the Board ensures full compliance with the principles and recommendations outlined in GP 27: Co-operative Governance Guidelines, as issued by the Co-operative Commission of Malaysia (Suruhanjaya Koperasi Malaysia – CCM). We also observe all relevant guidelines from Bank Negara Malaysia and the requirements under Malaysian Financial Reporting Standards (MFRS).
COGRAD continuously strives to strengthen our risk management practices through a holistic, bottom-up approach that embeds robust processes and a risk-aware culture at every level of the organization. We are committed to due diligence and careful evaluation, particularly when considering new investments. Every proposed venture undergoes a stringent risk assessment and mitigation process before it is presented to the Board for approval, ensuring that we maintain a prudent and sustainable approach in line with current economic conditions.
COGRAD remains resolute in fortifying our governance framework, maintaining transparency, and ensuring accountability to our members, stakeholders, and the wider community we serve.
The Co-operative Commission of Malaysia (Suruhanjaya Koperasi Malaysia – CCM), an agency under the Ministry of Entrepreneur Development and Cooperatives, introduced GP27: Co-operative Governance Guidelines on 8 April 2015. These guidelines provide the framework for governance principles that Koperasi Usahawan Graduan Perak Berhad (COGRAD) adheres to, setting out general principles, minimum standards, and specific governance requirements for cooperatives to follow.
These guidelines encapsulate the industry’s best practices, helping cooperative boards and management fulfil their roles with greater efficiency and responsibility. They are designed to guide cooperatives like COGRAD in assessing and continuously improving their governance standards, ensuring that we maintain integrity, accountability, and transparency in all our operations.
By implementing these governance guidelines, COGRAD is committed to upholding excellence in management and operations, ensuring that our members and stakeholders benefit from a well-governed, ethical, and sustainable cooperative.
Leftenan Kolonel Bersekutu (PA) Dato’ Haji Ahmad Shamsuddin Ramli
Penasihat Koperasi Usahawan Graduan Perak Berhad (COGRAD)
COGRAD places a strong emphasis on building and maintaining a resilient infrastructure to support its expanding operations. We invest in the latest technological tools and robust systems to streamline operations across all sectors. This focus not only ensures operational efficiency but also allows us to scale sustainably as we continue to grow our agricultural and business ventures.
Looking forward, COGRAD’s management team will continue to monitor the latest corporate governance trends, as well as changes in regulatory and reporting requirements. We will diligently evaluate the areas that will require our attention for implementation with a key focus on the areas of independence, accountability, transparency, and risk management, which are imperative for maintaining the confidence and trust of all our stakeholders.
At the core of COGRAD’s governance is the belief in ethical leadership. We ensure that our leadership team upholds the highest standards of integrity and accountability. Ethical practices are embedded into every level of decision-making, ensuring that all members act in the best interest of the cooperative and its community, fostering long-term trust and collaboration.
COGRAD is committed to promoting a cooperative culture where every member’s voice is heard. We value inclusive participation, ensuring that decisions are made through collective input and consensus. By encouraging active member engagement, COGRAD is able to harness diverse perspectives that strengthen the cooperative’s ability to serve its members effectively.
COGRAD’s Code of Ethics and Conduct (COEC) upholds high standards of professionalism, honesty, and integrity. All officers, employees, and representatives are required to adhere to these principles while fulfilling their responsibilities. The COEC emphasizes compliance with applicable laws and regulations, and it is the duty of every individual within the cooperative to follow these standards. Any violations or suspected misconduct must be reported promptly, fostering a culture of accountability and ethical behavior at all levels of the cooperative’s operations.
COGRAD has established a comprehensive Whistleblowing Policy that provides a secure channel for employees and stakeholders to report any misconduct, unethical behavior, or workplace malpractices. This policy ensures that concerns such as fraud, bribery, abuse of power, conflict of interest, or non-compliance with procedures can be raised confidentially and without fear of retaliation. All reported cases are thoroughly investigated, and corrective action is taken in accordance with internal policies and relevant legal frameworks, reinforcing COGRAD’s commitment to transparency and good governance.
At COGRAD, maintaining impartiality in decision-making is crucial. Directors, officers, and employees must avoid any situation where their personal interests conflict with those of the cooperative. A formal process is in place for declaring interests in contracts, transactions, or other activities that may present conflicts. If any conflict arises, the individuals involved are required to disclose their interest and abstain from decision-making or deliberation in related matters, ensuring that COGRAD operates with the highest standards of fairness and objectivity.
COGRAD follows a stringent compliance framework to regulate Related Party Transactions. These transactions are subject to detailed scrutiny by the Board, with all dealings reviewed by the Audit and Risk Committee to ensure they are conducted transparently and at arm’s length. Directors or officers who have an interest in any related party transaction are required to declare their interest and abstain from voting or deliberating on the matter, safeguarding the integrity of COGRAD’s financial and governance processes.
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aidhil.jaafar@gmail.com
012-5802415
Koperasi Usahawan Graduan Perak Berhad
Address : 15 Manjung Point Seksyen 1, 32040, Seri Manjung, Perak
Phone : +60 (12) 5802415
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