SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

New law to hold CEOs liable for corruption

HR Masterclass from Human Resources magazine: High-level HR strategy training workshops
led by the world's most respected HR thought leaders & strategists.
Review the 2019 programme here »

A proposed amendment to the Malaysian Anti-Corruption Commission (MACC) aims to ensure corporate enterprises are corruption-free.

The corporate liability provision being proposed would enable CEOs and company owners to be help accountable for bribes or violations by employees.

This means corporate entities would be obliged to put in place effective anti-graft policies or systems if the proposal becomes law, the Minister in the Prime Minister’s Department, Datuk Paul Low Seng Kuan, said at a briefing this week.

“Today, only the employees are liable, so we want to connect it to the corporate sector,” he told reporters after the briefing, Bernama reported.

He said the amendment to the MACC Act 2009 is expected to be tabled by June this year at the latest.

He added a grace period would likely be given to companies to comply with any new provisions.



Asia’s most renowned regional HR Excellence Awards is back in October in Singapore, Malaysia and Indonesia to sieve out HR’s finest gems. Are you a diamond in the rough? View the categories and find out more.

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.