KUALA LUMPUR: The implementation of Section 17A of the Malaysian Anti-Corruption Act (MACC) 2009 in June 2020 clearly demonstrated the authorities’s dedication to combating corruption and abuse of energy in a business organisation.
Malaysia-China Chamber of Commerce (MCCC) chairman Datuk Tan Yew Sing mentioned it was tough to cease such felony actions however Section 17A was ready to restrain individuals related to business organisations from acquiring any advantages to the firm.
He mentioned consciousness of corruption and abuse of energy was additionally vital to improve the integrity and compliance with anti-corruption legal guidelines in addition to handle the danger of corruption in the organisation.
“MCCC views the difficulty of corruption critically and believes each downside in business organisations has to do with these felony actions.
“Corruption not solely damages one’s integrity however tarnishes the picture of the nation and undermines international funding which sees this crime can undermine the financial and political stability of the nation.
“These felony actions additionally lead to revenue inequality. The youthful era who need to be concerned in a enterprise will want to increase a big quantity of enterprise funding as a result of the present prices will improve due to the demand for bribes,” he instructed Bernama just lately at the MCCC headquarters right here.
He mentioned the implementation of Section 17A made business organisations extra accountable and practised anti-corruption rules amongst their workers to reject all varieties of corruption when conducting their enterprise.
“At MCCC, we additionally face challenges the place some of us nonetheless don’t totally perceive how corrupt actions happen however as an organization, we proceed to educate each worker on what corruption is.
“The varieties of corruption that we confronted included presents, money, positions and even favours. If you go to have a meal with those that have one thing to do with your corporation, we (the firm) pays for the meal as an alternative of them paying us to keep away from bribery,” he mentioned.
Tan additionally mentioned if an organization obtained a report associated to the misconduct of its employees who have been discovered to be concerned in corruption, then the worker would face authorized motion together with speedy dismissal.
He mentioned the implementation of Section 17A can even be additional strengthened by the Whistleblower Act the place those that report any corrupt behaviour in the organisation are additionally protected beneath the legislation.
“Therefore, MCCC additionally conducts anti-corruption consciousness and training campaigns in each business organisation and at the grassroots degree equivalent to in colleges in order that the new era is aware of that corruption can deliver down a rustic,” he mentioned.
The media beforehand reported that Section 17A of the MACC Act 2009 (Amendment 2018) which got here into power on June 1, 2020, would encourage enterprise actions with integrity with out corruption in addition to promote good company governance practices.
Under Section 17A of the MACC Act 2009 (Amendment 2018), business organisations have been additionally liable to punishment if their employees or associates are concerned in corrupt actions. – Bernama
