As a principle of corporate Governance, it should start at the top and may or may not end at the top. The tone at the top helps to shape up strong corporate governance.
As reported in today newspaper, Sime Darby Berhad signed and handed its Corporate Integrity Pledge for the initiative to the Malaysian Anti-Corruption Commission (MACC) to formalize its commitment in fighting corruption.
The pledge is in accordance with the second initiative of the Government Transformation Programme to fight corruption.
In this area, Sime Darby will work closely with MACC on fine-tuning its internal processes and improve its corporate governance and also to curb bribery and corruption especially among its stakeholders, including suppliers and staff. MACC will act as a secretariat to co-ordinate and assist in the implementation of the pledge. Sime Darby will work with MACC to organize courses for its suppliers pertaining to law and better conduct in doing business.
Abu Kassim, the chief of MACC said Sime Darby had undergone a self-regulating process and it would report to the MACC on efforts it had taken by the end of the year (2011).
Source: TheStar and NST, June 10, 2011
Source: TheStar and NST, June 10, 2011
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