Topics: Ethics, Business ethics, Hong Leong Group Pages: 11 (3489 words) Published: March 13, 2013
Table of Contents
Hong Leong Bank Berhad2
Expansion in Peninsular Malaysia3
Board of Directors4
Values, Vision and Mission Statement5
Mission Statement5
Social Responsibilities6
Environmental Preservation6
Student Assistance7
School Building Fund7
Community Welfare7
Codes of Ethics and Codes of Conduct9
Interview with Hong Leong Bank Branch Manager (Satok, Kuching)9
Assessment toward Hong Leong Bank Ethical Practices14
List of References17

Hong Leong Bank Berhad
Hong Leong Bank was founded by Mr Lam Ji Chew and began its operations in 1905 in Kuching Sarawak under the name of Kwong Lee Mortgage & Remittance Company. The company granted loans against the security export commodities such as pepper, rubber and other indigenous products. It also provided the services of remitting money of overseas Chinese to their families in Southeast region of China. The company went through a very difficult period of growth when a number of economic crises occurred. The First World War broke out in 1914 causing panic in the financial circles. A few years after hostilities ended, the Post-war Reccession of 1920-1921 set in. The Great Depression lasted from 1929 to 1933 caused a sharp fall in the export in the export earnings of commodities and many business concerns, including some banks, were in financial difficulties. Kwong Lee Mortgage and Remittance Company survived all these setbacks because of its strong cash reserves and its conservative operational policy. Immediately after the Depression, on 26 October 1934, the company was converted into public company under the name Kwong Lee.

Expansion in Peninsular Malaysia
In the late 1977, Yang Amat Mulia Tunku Osman Ibni Tunku Temenggong Ahmad, a member of the royal family from the State of Johor, took over the control of the Bank and changed the direction of its expansion. Kwong Lee Bank Berhad was acquired by the MUI Group in May 1982 and renamed Malayan United Bank Berhad on 2 February 1983. Later it was renamed MUI Bank Bhd. On 3 January 1994, the Hong Leong Group Malaysia acquired MUI Bank Berhad through Hong Leong Credit Berhad and renamed it as Hong Leong Bank Berhad (HLBB). HLBB was listed on the Kuala Lumpur Stock Exchange on 17 October 1994 with its total paid up capital enlarged to RM 470 million. Type| Public|

Industry| Banking and Finance|
Founded| 1905|
Founder(s)| Lam Ji Chiew|
Headquarters| Kuala Lumpur|
Area Served| Malaysia|
Products| Banking and Finance Services|
Revenue| RM6.61 Billion (2007)|

Currently the chairman and also the owner of Hong Leong Group was Tan Sri Quek Leng Chan Board of Directors
1. Tan Sri Quek Leng Chan (Chairman)
2. Ms Yvonne Chia (Group Managing Director/ Chief Executive) 3. En Zulkiflee Hashim (Executive Director)
4. Mr Raymond Chong Yee How
5. Mr Kwek Leng Hai
6. YBhg Datuk Kwek Leng San
7. YBhg Dato’ Muhamd Nazim bin Abdul Razak
8. Mr Quek Kon Sean
9. Ms Lim Lean se
10. Ybg Tan Sri A. Razak bin Ramli
11. Mr Lem Beng Choon
1. Christine Moh Suat Moi (MAICSA 7005095)

Values, Vision and Mission Statement

Core Values
Hong Leong Group firmly believes that its core values form its foundation and framework. Its values build its character; they are the binding cord that holds the people together, the driving force towards the successful accomplishment of the Group’s Vision. Quality| To consistenly provide goods and services of the highest quality and affordable price| Entrepreneurship| To pursue management vision and foster entrepreneurship| Innovation| To nurture and be committed to innovation|

Honour| To conduct business with honour|
Human Resources| To enhance the quality of human resources as the essence of management excellence| Unity| To ensure oneness in...
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