Transparency International Malaysia (TI-M) to sign a Memorandum of Collaboration to Promote Integrity and to Combat Corruption with the Federation of Malaysian Manufacturers (FMM)
Transparency International Malaysia and the Federation of Malaysian Manufacturers are proud to announce the signing of a memorandum of collaboration outlining the areas of partnership to promote greater integrity, transparency, accountability and ethics in business and other professions. There will be a formal signing ceremony to mark the event during FMM’s 39th Annual Dinner on December 6, 2007 at 7.30pm, the Grand Ballroom, Shangri-La Hotel, Kuala Lumpur.
The purpose of the MOC is to effectively put in place structures to eliminate corruption by advocating and promoting accountability, transparency and integrity, in all business dealings and transactions, and also to create a culture of intolerance towards corruption. It also seeks to build institutional integrity in both the government and the private sector.
To help meet this objective and to support the mission of the MOC, TI-M and FMM have agreed to formalise their collaboration on programs for outreach, advocacy and capacity building that would greatly benefit FMM members, and to maximise TI-M’s and FMM’s ability to review and comment on specifications and standards being advanced through their respective processes.
The key areas identified are, among others, the renewed commitments to Transparency, Accountability and Good Governance in their daily operations and having a code of conduct for ethics and good corporate governance. The FMM shall also endeavour to ensure that elements of corruption in any form in their business or operations will be addressed seriously. Programmes and frameworks such as Integrity Pacts (IP) and Code of Ethics will be put into practice to promote a culture of integrity amongst their members and associates.
Developed by TI, the Integrity Pact (IP) is a tool aimed at preventing corruption in public contracting. It consists of a process that includes an agreement between a government or a government department (at the federal, national or local level) and all bidders for a public contract. It contains rights and obligations to the effect that neither side will: pay, offer, demand or accept bribes; collude with competitors to obtain the contract; or engage in such abuses while carrying out the contract. The IP also introduces a monitoring system that provides for independent oversight and accountability.
Issued by
Tan Sri (Dr) Ramon V. Navaratnam
President
Transparency International – Malaysia
