The Malaysian Institute of Integrity (IIM) is leading a series of
state-based engagement programmes with Malaysian Anti-Corruption Commission,
Companies Commission of Malaysia, SME Corp and the National Audit Department to
ensure integrity in the private sector.
The initiative, based on a
recommendation made during the Corporate Integrity System Malaysia Roundtable
held last year, began in June.
“It is to ensure there is a clear
message of integrity among private sector players at all levels,” said IIM
president Dr Mohd Tap Salleh.
He said 110 state-owned and
private companies had taken part in the programmes so far.
“It is necessary to continue
holding such engagements to update the companies on current issues, globally
accepted principles and best corporate practices in the areas of integrity such
as governance, social responsibility and business ethics,” he said, adding that
128 companies had so far signed the corporate integrity pledge introduced in
March last year.
The pledge encourages companies
to strive towards a business environment that is free from corruption.
In Shah Alam, the Selangor
Government, which has come under question over sand mining deals and land
transactions, is keen to sign more integrity pledges.
Mentri Besar Khalid Ibrahim said
the state government welcomed all initiatives to combat corruption.
“We started with the Selangor
Development Corporation (PKNS) and Kumpulan Semesta Sdn Bhd (KSSB), which have
already signed the integrity pacts,” he said.
In March, sand-mining contractors
in Selangor signed an integrity pact with KSSB to weed out corruption in the
industry.
Last year, senior executives from
PKNS signed a similar pact to ensure proper corporate governance in the state
subsidiary.
In Kuala Terengganu, state Rural
Development, Entrepreneurship and Cooperatives committee chairman Mohamed Awang
Tera said the engagement was timely, especially for unlisted government-linked
companies (GLCs).
“The operations of unlisted
companies are often shrouded in mystery. Unlike listed companies, they don't
have minority shareholders who act as watchdogs if there are discrepancies,” he
said.
In Johor Baru, Khazanah Nasional
Bhd managing director Azman Mokhtar has given the thumbs up to the proposal to
get GLCs to sign the pledge.
“This is a positive move by the
Government to combat corruption,” he said.
News Desk
Business & Investment Opportunities
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