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.