Ways to combat corruption will be addressed by public sector officials

Ways to fight institutional corruption will be examined at a Commonwealth workshop in Kuala Lumpur, Malaysia, from 3 to 7 August 2009.

Thirty senior government officials will develop an understanding of the importance of corporate governance in order to sustain businesses.

“The ability of governments to curb corruption will influence the attractiveness of respective countries to foreign investors as this will cut bureaucracy and other impediments to set up businesses and operate effectively without hidden costs,” said Hee-Kong Yong, Commonwealth Secretariat Adviser on Public-Private Partnerships and Corporate Governance.

Participants will examine the lessons learned from the current economic crisis as well as the role corporate governance and ethics play in strengthening institutional integrity.

Issues such as economic crime and corruption that have been brought about as a result of governance failures as well as corporate fraud and corporate law reform will be discussed. Internal control and risk management will be examined by monitoring the performance of corporations.

Representatives from the Companies Commission of Malaysia, Stock Exchange of Malaysia, Malaysian Anti-Corruption Commission, Institute of Internal Auditors Malaysia, PricewaterhouseCoopers and the Malaysian Airline System will share their corporate policies on anti-corruption.

The event is financed by the Commonwealth Fund for Technical Co-operation in collaboration with the Malaysian Institute of Integrity.

Secretariat Links:

• Country Profile: Malaysia
• Public Sector Development