15  September 2011  - 17:25
Maybank Leads with Corporate Integrity Pledge

… the first financial institution in Malaysia to embark on such a move

Maybank today reinforced its continued commitment to a high level of accountability and transparency by being the first financial institution in Malaysia to sign to the Malaysian Corporate Integrity Pledge. By signing the pledge, Maybank has indicated to the public that the bank supports Anti-Corruption Principles for Corporations in Malaysia, against any corrupt acts and upholding the Anti-Corruption Principles for Corporations in Malaysia.

Maybank President & CEO, Dato’ Sri Abdul Wahid signed the Pledge, witnessed by Dato’ Sri Hj. Abu Kassim bin Mohamed, Chief Commissioner, Malaysian Anti-Corruption Commission, Datuk Dr. Mohd Tap Salleh, President, Malaysian Institute of Integrity, Datuk Paul Low President,Transparency International Malaysia and Tan Sri Hadenan Abdul Jalil, Board member and Chairman of MACC Operations Review Panel.

Speaking at ceremony, Dato’ Sri Abdul Wahid said “We are making a public re-affirmation today that the Group supports Anti-Corruption Principles for Corporations in Malaysia and is against any corrupt acts. Our commitment to good governance is also embedded in each employee and we are proud to say that Maybank has continued to achieve recognition in this area through various awards over the years. Our intention is to ensure that we continue to set the standards for good governance not only in Malaysia but across the 17 countries worldwide where we operate today,”

Dato’ Sri Abdul Wahid also added that Maybank was joining other multinational corporations from various industries in reinforcing its commitment to help create a robust business environment which is free from corruption and to uphold principles of integrity in all of its dealings.

“We are fully aware of the importance of maintaining the confidence of our stakeholders, and have even adopted “INTEGRITY” as a key core value for the Group. Over the years, we have also implemented many proactive measures to institutionalise the culture of integrity. These include transparency in our business dealings, strict adherence to legislation and regulations as well as high standards of ethics and conduct for employees. We were one of the earliest organisations to establish a Fraud Reporting Hotline in 2004, which we are renaming today as the “Integrity Hotline”. Additionally, anti-fraud measures are institutionalised on a Group-wide basis through the acronym ALERT which stands for “Awareness, Learning, Effective Enforcement, Reporting and Training,” concluded Dato’ Sri Wahid.

By signing the Integrity Pledge, Maybank will now be listed in the register of signatories that is carried on the website of the Malaysian Integrity Institute, and can be accessed through the website of Bursa Malaysia Berhad.