512 organisations have taken Malaysian corporate integrity pledge: MACC

A total of 512 organisations have to date pledged to uphold integrity by signing the Malaysian Corporate Integrity Pledge (MCIP), according to the Malaysian Anti-Corruption Commission (MACC).

MACC deputy chief commissioner (prevention) Datuk Mustafar Ali said they comprised 90 organisations from the public sector, 405 from the private sector and 17 NGOs.

"However, only 25 public listed companies and about 200 small and medium enterprises have inked the MCIP compared to the number of corporations out there.

"So we really need to promote and encourage them to come forward and sign the MCIP not in a cosmetic manner but (for them to) really adopt and adapt the five principles of MCIP," he told a press conference on the National Corporate Ethic Awards (NCEA) 2015 to be presented in September, here on Wednesday.

The five MCIP principles are committing to promote values of integrity, transparency and good governance; strengthening internal system that support corruption prevention; complying with laws, policies and procedures relating to fighting corruption; fighting any form of corrupt practice; and supporting corruption prevention initiative by the government and MACC.

Mustafar noted by signing the pledge, organisations were voluntarily taking the first step in a longer term programme to create an effective system to increase integrity in the national corporate sector by practising good governance, including anti-corruption measures.