KUALA LUMPUR: The government will ensure there is no opportunity for “another 1MDB” to rear its ugly head in the country, whether by the current leade...
The government will ensure there is no opportunity for “another 1MDB” to rear its ugly head in the country, whether by the current leadership or any future leadership, that becomes corrupt with power.said the new government’s top agenda was to restore credibility and trust in the government and in public institutions by upholding integrity and fighting corruption.
“The outrageous abuse of power by the then Finance and Prime Minister, the scale of embezzlement and misappropriation which took place involving tens of billions of ringgit, inflicted a heavy toll on the nation, making Malaysia the global capital of kleptocracy,” he said in his keynote address at the launch of the Corporate Governance Monitor 2019 here, today.
“Hence, in line with restoring the country’s health and credibility, we are pleased to note that the Malaysian Code on Corporate Governance recommends that boards establish a Code of Conduct and Ethics which contain policies and procedures on anti-corruption,” he said. “We should, however, not limit ourselves to just looking at the chief executive officer’s remuneration. If Malaysian companies perform, the contribution of their employees should be duly rewarded.
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