‘Set­ting up in­tegrity unit will boost pub­lic gov­er­nance ranking’

New Straits Times - - News / Region -

KOTA KIN­A­BALU: The gov­ern­ment’s ef­forts to ad­dress is­sues on gov­er­nance in the pub­lic sec­tor will im­prove the in­ter­na­tional ranking of the coun­try.

Malaysian In­sti­tute of Cor­po­rate Gov­er­nance (MICG) pres­i­dent Datuk Yusli Mo­hamad Yu­soff said the gov­ern­ment had planned to in­tro­duce new mea­sures to im­prove pub­lic gov­er­nance.

“It is a good step when Prime Min­is­ter (Datuk Seri Na­jib Razak) an­nounced last week to set up an (in­tegrity and) gov­er­nance unit.

“He (Na­jib) also spoke about weak­nesses in com­pa­nies like 1Malaysia Devel­op­ment Bhd (1MDB),” he said af­ter launch­ing a one-day con­fer­ence on “Gov­er­nance Cul­ture in Your Or­gan­i­sa­tion” here yes­ter­day.

Yusli said the gov­ern­ment would adopt new mea­sures once its agen­cies con­ducted a re­view of their prac­tices.

He said Malaysia used to be ranked fourth or fifth on the in­ter­na­tional level, but slipped to sixth place in the Asian Cor­po­rate Gov­er­nance As­so­ci­a­tion 2016 re­port.

“The re­port pointed out many good fronts, in­clud­ing reg­u­la­tors in­tro­duc­ing more laws, but Malaysian (gov­er­nance) stan­dards seem to be fall­ing due to the pub­lic’s per­cep­tion of the 1MDB is­sue.

“Another per­cep­tion (by Trans­parency In­ter­na­tional on Malaysia’s 2017 Global Cor­rup­tion Barom­e­ter) is that cor­rup­tion is an is­sue in the coun­try.”

Yusli said MIGC would reach out to more com­pa­nies to cre­ate aware­ness about good gov­er­nance.

On the con­fer­ence, he said MICG had in­tro­duce top­ics to be ad­dressed by ex­perts, who would share the best prac­tices in gov­er­nance and show­case new devel­op­ments.

MICG is de­vel­op­ing a cer­ti­fi­ca­tion course for gov­er­nance prac­ti­tion­ers, ed­u­cat­ing stu­dents in uni­ver­si­ties, and of­fer­ing ad­vice and so­lu­tions to com­pa­nies.

A re­search project by the in­sti­tute ti­tled “Trans­parency in Cor­po­rate Re­port­ing for the top 100 Pub­lic Listed Com­pa­nies in Malaysia” was ex­pected to be re­leased next Tues­day.

MICG was es­tab­lished in 1998 and in­cor­po­rated as a com­pany lim­ited by guar­an­tee, with found­ing mem­bers con­sist­ing of the Fed­er­a­tion of Pub­lic Listed Com­pa­nies, Malaysian In­sti­tute of Ac­coun­tants, Malaysian In­sti­tute of Cer­ti­fied Pub­lic Ac­coun­tants, Malaysian In­sti­tute of Char­tered Sec­re­taries and Ad­min­is­tra­tions and Malaysian In­sti­tute of Di­rec­tors. By Olivia Mi­wil


Malaysian In­sti­tute of Cor­po­rate Gov­er­nance pres­i­dent Datuk Yusli Mo­hamad Yu­soff yes­ter­day says the in­sti­tute will reach out to more com­pa­nies.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.