PUTRAJAYA, July 21 — The move to require chief executive officers of government-linked companies (GLCs) and government-linked investment companies (GLICs) to declare their assets to the Malaysian Anti-Corruption Commission (MACC) is an initial step towards increasing their respective accountability.
MACC chief Tan Sri Azam Baki said the declaration sends a clear signal that organisation heads must be accountable for their assets and property, allowing the public to see if leaders arbitrarily accumulate wealth through their positions.
“When all these CEOs declare their assets to the MACC, they will be more cautious in their actions because any attempt to use their position to accumulate wealth will be easily identified,” he said.
Azam said this in a statement today after he received 13 property declaration forms from the CEOs and the heads of operating companies under Boustead Holdings Bhd Group (BHB) at his office here.
The submission of the forms was presented by BHB executive vice-president and Integrity and Governance Department head Rosman Johar Abdullah.
In the same statement, Rosman said the move was implemented in compliance with the government’s directive for all GLC and GLIC CEOs to declare their assets to MACC as a commitment to cultivate good governance.
“This government action must be supported by all parties to ensure corruption is not only eradicated but also prevented before it occurs,” Rosman added.
— Bernama
