3 May 2019

To our stakeholders:

I am pleased to confirm that Nexia TS Pte Ltd reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to sharing this information aligning to our core values with our stakeholders using our primary channels of communication.

Our Core Values:

Concern and Respect for the Individual
• We value ideas and contributions from everyone.
• We encourage open and honest communication to foster an environment of trust and mutual respect.
• We recognise different individual capabilities.
• We develop our competency and professionalism.

Integrity in all aspects of our business
• We represent our expertise and capabilities truthfully.
• We observe confidentiality of client information.
• We deliver what we promise.

Social Responsibility
• We contribute to the society at large, beyond the business domain.
• We participate in community building efforts either individually or collectively as a firm.

Sincerely yours,
Henry Tan
Group CEO & Chief Innovation Officer

Nexia TS is highly committed in maintaining a high standard of compliance with all professional standards, regulations and other requirements, including ethics and personal conduct. In line with this commitment, the Whistle Blowing Policy aims to provide an avenue for staff to raise any concerns that they may have.

The Whistle Blowing Policy provides a proper, secured channel for all staff to raise concerns, such as wrongdoings like fraud, misconduct, breach of any health and safety law, or any other illegal act.

The policy is intended to assuage the fears of whistle blowers and aims to assure that whistle blowers will be protected from reprisals or victimization for whistle blowing in good faith. The policy also provides a source for employees to voice out concerns and any constructive suggestions.

Staff concerned can report to his/ her immediate supervisor and Group CEO of the Firm; if the concern involves immediate supervisor, or for any reason he/she would prefer them not to be told, he/she may report directly to Group CEO of the Firm.

The firm practices on an open door policy granting all employees to discuss work-related issues directly with our partners and managers without going through layers of hierarchy.

We advocate a healthy work-life balance by encouraging our employees to participate in team bonding games and in firm-wide social outings. External recreational programmes such as charity runs and inter-firm games are also organised.

As a recognised Human Capital Partner by the Tripartite Alliance for Fair and Progressive Employment Practices

(TAFEP), the firm designs processes to facilitate flexible work arrangements and practices fair, merit-based and inclusive hiring practices that meet the Tripartite Standard.

The Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) promotes the adoption of fair, responsible and progressive employment practices among employers, employees and the general public. Leveraging its unique tripartite identity, TAFEP works in partnership with employer organisations, unions and the government to create awareness and facilitate the adoption of fair, responsible and progressive employment practices. TAFEP provides tools and resources, including training workshops, advisory services, and educational materials, to help organisations implement fair employment practices.

Recognising that the firm also has a duty to reduce its carbon footprint, we strive to do our part to create a greener world with various green initiatives in place.

Working towards a greener sustainable environment, our firm engages destruction specialist to securely depose and recycle our confidential documents – saving more trees and reduces energy consumption therefore lessen pollution. T

o-date, we have saved a total of more than 492 trees from destruction since 2011 through our go-green Shred-It recycling program.

“In our paperless technology, the use of paper has significantly reduced by fully converting important documents into digital form. The digitalisation process not only aims to boost productivity but as well keeping documentation and information sharing, easier and secured.”

We have also successfully built an enterprise resource planning system that is efficient in automating many mundane processes to conserve our natural resources with our mission towards “Reduce, Reuse and Recycle” in mind.

In compliance with the Independence Rules set out in the Accountants Act 2004, Accountants (Public Accountants) Rules 2004, the Singapore Standard On Quality Control (SSQC1) and the ACRA Enhanced Code of Professional Conduct and Ethics, all staff are reminded that these rules are applicable to the staff, their immediate family members and their close family member.

Staff and their immediate family members are prohibited from owning any shares in any audit client of the Firm. If such share interests exist, they must be declared to HR and disposed of within 14 days of declaration.
If close family members of staff own any shares in any audit clients of the Firm, they must be declared to HR immediately.

“Staff are to exercise due diligence for checking against the list of clients for any clients for which a conflict of interest may occur.”

Staff are not allowed to accept gifts (unless clearly insignificant in value to the individual) from any clients and are required to declare all gifts given by clients to HR immediately. Staff are personally responsible for making full and accurate disclosure of any exceptions on behalf of their immediate and close family members.

Staff are reminded that non-compliance with the Accountants Act is a criminal liability, and the Company reserves the right to take legal actions against them and dismiss them without prior notice.