Good corporate governance allows companies to distinguish themselves from competitors.
Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim said this in his keynote opening address at the second Annual PKNS Integrity Conference — a conference on integrity and good corporate governance in the public and private sector at Shah Alam Convention Centre recently.
Among the speakers were The Sun special and investigative reporting editor R. Nadeswaran, former Hong Kong Independent Commission Against Corruption (ICAC) deputy commisioner Daniel Li Ming-Chak and Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Abu Kassim Mohamed.
In his introductory speech, Selangor State Development Corporation (PKNS) general manager Othman Omar said, “To achieve the objective of cultivating good corporate governance, transparency and integrity, PKNS has conducted numerous initiatives such as face-to-face trainings, Q&A sessions, circulating the latest integrity policies, launching Integrity Week in May and districbuting the Integrity Handbook to all staff members to heighten awareness and promotion of the integrity policies in place.”
In his talk “The Media and Fighting Corruption”, R. Nadeswaran said the media played a role in good governance.
“A journalist is neither your friend nor enemy. It is a hazardous job for journalists who go after corrupt people. The media’s power is limited,” he said.
Li presented a talk on “Legal Empowerment and Corporate Ethics Programmes as First Line Defence Against Fraud and Corruption”.
Speaking to the press at the conference, he said it was important for anti-corruption commissions to be independent and free from interference.
“ICAC’s practices cannot be entirely copied in Malaysia as Hong Kong is a smaller place and easier to control while Malaysia has a larger population.
“It has to be adjusted to each country but one of the core values is independence,” he said.
When asked about the partial amnesty for minor corruption committed before 1977, he said it was a tug-of-war then.
“There was a political need for such a move at that time.
“Amnesty can only be used once, or else wrong-doers would think they can get away again and again, and it must be used at the right time,” he said.
MACC chief commissioner Tan Sri Abu Kassim Mohamed, meanwhile, gave a talk on “Challenges to Maintain Good Governance and Integrity in Today’s World”.