MAYBANK MOVING AHEAD WITH ACE
18 June 2015
As a leading bank in Malaysia, Maybank is well placed to play a role model in the financial industry. Banking on this outlook, the Malaysian Anti-Corruption Commission welcome Maybank’s response to a second discussion where both parties were able to share and exchange information that would allow for a gap analysis towards establishing the prerequisite anti-corruption framework that is applicable to the financial industry.
The overall ambition is for Maybank to become a role model for ethical practices that incorporate anti-corruption initiatives and movements in the financial industry.
As a signatory of the Corporate Integrity Pledge, Maybank is all geared to established itself as a corporate body that is ethical. MACC, led by the team from the Anti-Corruption & Ethics Centre, are set to work together with a major player in the financial industry, to identify risks and solutions for anti-corruption. This is to upkeep the integrity of the banking system, which may include change of law, regulation and implementation of controls.
The game plan was to see anti-corruption featured extensively in their corporate agenda. A continuous engagement will be on the horizon with round table discussions, workshops & training as well as awareness session.
MACC would like to see the management reporting to stakeholders about this initiative, while monitoring implementation of guidelines according to Maybank’s roadmap.