TELEKOM MALAYSIA BERHAD

 

Telekom Malaysia was chosen as a example organisation primarily due to its efforts in considering ethics and anti-corruption when doing business.

TM was involved in the significant Lucent-Alcatel case of which corrupt practices were undertaken to obtain business. However, the company after facing much scrutinization, debarment and charges have now undertaken strategic measures to ensure the anti-corruption is on their agenda. There is a clear commitment from top level management and this is portrayed by the following anti-corruption measures and initiative undertaken by the organisation as shown below. The current changes and initiatives set an example for other companies to follow. These anti-corruption measures include:

 

1) Becoming a CIP signatory

2) Anti-corruption initiatives reported in Annual Report

  • Conflict of interest & related party transactions
  • Insider trading
  • Code of business ethics
  • Integrity Pact (IP)
  • Declaration process throughout company on procurement activities
  • Bidders for projects must enter into an agreement to prevent corrupt activities
  • Whistleblowing policy
  • Compliance structure

3) TM Anti-corruption guide

  • Includes dealing with third party transactions, gifts, entertainment, political contribution, sponsorship and donation, procurement activities, recruitment, record keeping, whistle blowing, minimal risk of criminal liability.

 

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