Global Compact Network Malaysia-Brunei, Terengganu Inc, and ABAC Group hosted a workshop promoting integrity, transparency, and accountability in business - July 2024
Recognizing the need for Collective Action, companies in Malaysia are joining forces to combat corruption. Enforcement of Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009, which holds commercial organizations accountable for corrupt practices by their employees, started on June 1, 2020. Under this enforcement, companies must comply with Section 17A and implement procedures to prevent corruption. Through Collective Action and supply chain engagement, larger corporations are supporting SMEs in adhering to MACC guidelines, promoting integrity and trust in supply chain management to prevent corruption.
The project kicked off with focus groups in January 2022, engaging 20 participant companies, both corporates and SMEs. Common challenges, notably corruption in the supply chain, were identified during the discussions. The project has garnered positive responses and partnerships, evidenced by the support from various stakeholders and invitations to present findings at various forums.
Mission
The Anti-Corruption initiative in Malaysia aims to promote integrity among SMEs and in the supply chain through collaborative efforts involving businesses, Government agencies and civil society organizations.
Collaborative Efforts
Key partnerships were established with the Malaysian Anti-Corruption Commission as well as UNODC Malaysia, ABAC Centre of Excellence, Anti-Bribery Committee Japan, the Coalition for Business Integrity, the Malaysia Productivity Organization and the Malaysia International Chamber of Commerce & Integrity to enhance the initiative's impact.
Looking Ahead
Moving forward, continued collaboration with stakeholders, expansion of outreach efforts and implementation of ACCA initiatives will be crucial for fostering a cleaner business environment and combating corruption effectively in Malaysia.
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