Bank’s management teams pledge to fight corruption

Bank Rakyat management teams taking the MACC pledge of no corruption at the forum, led by Rosman.

THE Bank Rakyat Inaugural Integrity Forum 2020 saw some 90 of the bank’s management teams from across the country taking the Malaysian Anti-Corruption Commission (MACC) pledge of no corruption.

They were led by its acting managing director Datuk Rosman Mohamed and witnessed by MACC deputy chief commissioner (Prevention) Datuk Shamshun Baharin Mohd Jamil.

Following the pledge, Bank Rakyat announced that it would practise a no-gift policy for all its events moving forward.

Bank Rakyat, an agency of the Entrepreneur Development Ministry, marked a key milestone recently when it unveiled its identity as a sustainable bank with governance and sustainability as its key pillars.

Themed “Institutionalisation of Reforms in the New Malaysia”, the recent Bank Rakyat Integrity Forum 2020 brought together prominent thinkers and industry leaders for one day.

“We are thrilled to not only have Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof supporting us throughout this journey but are privileged that Prime Minister

Tun Dr Mahathir Mohamad launched this forum, sending a strong signal not only to our staff but all our stakeholders on the need to truly institutionalise reforms and inculcate a culture of governance, integrity and anti-corruption which is in line with the National Anti-Corruption Plan launched in January 2019,” said Bank Rakyat chairman Datuk Noripah Kamso.

The chairman had a special one-to-one conversation with Dr Mahathir, where they discussed the relevancy of government-linked businesses that were built on certain vision and legacies, whether it can be retained or requires reinventing to suit the needs of the times.

Five panels discussed topics such as “Malaysia in – 2030 Vision”, “Governance, Ethics, and Sustainability Model of Government-Linked Businesses”, “Legacies In Transition – Reinvent Or Retain a Conversation with the Prime Minister of Malaysia”, “The Governance and Sustainability of Shared Prosperity”, “Governance Gone Wrong, Reforms Required and the State of Corporate Governance in Malaysia, A Conversation With the Minister”.

In a statement, Mohd Redzuan said it was important the government of the day institutes independence in government-linked businesses for deeper and stronger governance.

The autonomous structures of statutory bodies owned by the government must show independence not only for governance, but as a mark of confidence for investors to know that Malaysia has serious political will to institutional reforms in its government-linked businesses.

“The government’s commitment to eradicate corruption is paramount. We are aware that our restoration of the nation will not be successful unless we address the root causes of the problem, which is corrupt practices and political interference.

“The government has also listed integrity and governance as one of the guiding principles to realising the Shared Prosperity Vision 2030 as well as the National Entrepreneurship Policy 2030,” he said.

As the largest Islamic development financial institution in the world today, Noripah said the forum was intended to also position Bank Rakyat as a thought leader in the industry.

“This is in line with the Bank Rakyat 2025 (BR25) blueprint. To accomplish this goal, we need to extend beyond just the Islamic financial capacity, engage across industries and be a leader in providing solutions for economic development for our existing and new customers. We need to also serve the bottom 40%, a key focus of ours since inception of the bank in 1954.

“The involvement of various prominent figures including senior ministers and public officials in debating the landscape for government-linked businesses marks a new beginning in New Malaysia.

“It is encouraging and provides optimism that open discourse is key to transparency and governance.

“Such initiatives will be the foundation to Malaysia’s commitment to ridding corruption in its institutions and would provide for a corrupt-free ecosystem for the future generation,” she added.

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