PUTRAJAYA: The move to require chief executive officers (CEOs) 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 Commissioner Tan Sri Azam Baki said the declaration sends a clear signal that organisational heads must be accountable for their assets and property, thus allowing the public to assess that every organisational head would not 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 issued on Monday (July 21) after he received 13 Property Declaration Forms from the CEOs and the heads of operating companies under Boustead Holdings Bhd (BHB) Group, at his office here.
The submission of the forms was presented by BHB executive vice-president (VP) and head of Integrity and Governance Department Rosman Johar Abdullah.
Also present was BHB assistant VP of Integrity and Governance Department Wan Azlee Wan Mohd Ghazali.
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 needs to be supported by all parties to ensure that corruption is not only eradicated but also prevented from the outset before it occurs," he also said. – Bernama
