KUALA LUMPUR: Two hundred and seventy-three government-linked and private companies have signed the Corporate Integrity Pledge (CIP) as commitment to combat corruption since 2010, said Malaysian Anti-Corruption Commission (MACC) Deputy Chief Commissioner (Prevention) Datuk Sutinah Sutan.
She said through continuous monitoring and audit by MACC, no company which signed the CIP was found to have infringed any regulation or involved in corruption.
As a result, she said the CIP mechanism supported by the government showed positive results and proved it could create a corruption-free business environment.
CIP is a declaration which required the commitment of a company to combat corruption by upholding five corruption prevention principles.
“The number is still small and we hope more companies would voluntarily state their commitment and sign the CIP,” Sutinah told reporters after a CIP signing ceremony by Felcra Berhad chief executive officer Datuk Ramlee Abu Bakar here yesterday.
The event was witnessed by Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal and Felcra chairman Datuk Bung Mokhtar Radin.
Sutinah also pointed out that MACC was more focused on preventive aspects than enforcement as it saved costs.
According to her, the minimum cost to resolve a corruption case in court was RM5,000.
In his speech, Mohd Shafie said the commitment shown by Felcra had directly impacted on its vision on implementing a balanced strategic operation between its commercial needs and the social obligations of the company.
“The pledge is also an initial step in implementing promotion and educate all levels of workers for support, which would be translated into a transparent and excellent coporate administration effort,” he said.
He said apart from Felcra, three other agencies under his ministry had also signed the CIP. They were Majlis Amanah Rakyat, Rubber Industry Smallholders Development Authority and the Southern Kelantan Development Board. — Bernama