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31 March 2012| last updated at 12:31AM

New KPI to curb graft

By KUALA LUMPUR

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A CLEAN SLATE: Move to ensure transparency in firms involved in Entry Point Projects

THE Performance Management and Delivery Unit (Pemandu) has set a new Key Performance Index (KPI) for Graft Prevention National Key Result Area (NKRA).

Pemandu chief executive officer Datuk Seri Idris Jala said this was to ensure all companies involved in the Entry Point Projects signed up for the Corporate Integrity Pledge (CIP).

"We have to set an example starting from ourselves."

Idris said the government had allocated a budget to help selected companies to improve their corporate management system with the help of Transparency International Malaysia and Malaysian Institute of Integrity (IIM).

"The public and private sectors as well as non-governmental organisations need to work together to pave the way to achieve accountability, integrity and good governance," he said in his opening speech at a round-table session on the best corporate integrity practices.

The event was held yesterday at the IIM with representatives of companies which had signed the CIP.

The CIP initiative is an important factor which contributes to strengthening the country's economy and indirectly encourages foreign direct investments by increasing investors confidence towards Malaysia.

Among those who presented their best corporate integrity practices were representatives from Maybank Bhd and Thumbprints Utd Sdn Bhd.

The round-table session also introduced a corporate integrity assessment questionnaire which contained 12 dimensional assessments by IIM with stakeholders.

IIM president Datuk Dr Mohd Tap Salleh said since last year, nearly 600,000 visitors visited the CIP portal, with some of these hits being recorded from global users.

"This shows our initiatives are attracting global interest, especially among investors.

"We hope this can help our country to be more competitive and attain the high-income model as projected by the New Economic Model."

He said 74 companies had signed the CIP since it was launched in March last year.

This includes 12 multinationals, eight public-listed companies and government-linked companies, 19 private companies, one government-owned company (Petronas), two Singapore-based companies and 32 businesses.

Among the GLCs which also signed up were Sime Darby Bhd, Telekom Malaysia Bhd, Tenaga Malaysia Bhd and Maybank Bhd.

 

 

 

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