Petronas signs corruption-free pledge to become graft-free

By LYDIA NATHAN

PETROLIAM Nasional Bhd (Petronas) becomes the latest organisation to sign the Malaysian Anti-Corruption Commission’s (MACC) corruption-free pledge (CFP), reinforcing the company’s aim towards becoming a graft-free organisation.

Petronas’ leadership team, headed by president and CEO Datuk Wan Zulkiflee Wan Ariffin signed the pledge in a ceremony yesterday.

Also present were Petronas chairman Tan Sri Mohd Sidek Hassan and MACC Chief Commissioner Datuk Dzulkifli Ahmad.

By signing the pledge, Petronas said it signifies the oil and gas company’s ongoing commitment in upholding high standards of governance and in combating any form of corruption within its organisation.

Mohd Sidek said that good administration was the key to ensuring the resilience and continuity of the company.

“This signifies the “tone at the top”. Not only it exemplifies “leadership by example” but also leaders who have “zero tolerance” towards bribery and corruption”, he said.

Petronas said it practises a zero tolerance stance on corruption and has guidelines that support the government’s anti-corruption programme.

It has been working closely with the MACC on different ways to avoid misconduct and corruption in the company.

Among of its efforts includes a “No Gift Policy”, upgrading the Code of Conduct and Business Ethics (CoBE), Whistleblowing Policy and Anti- Bribery and Corruption Policy and Guidelines.

The CoBE sets out the company’s core principles, whereas the Anti-Bribery and Corruption Policy and Guidelines elaborate upon those principles, providing guidance to employees concerning how to deal with improper solicitation, bribery and other corrupt activities and issues that may arise in the course of business.

The signing of this CFP coincides with Malaysia’s annual National Integrity Day which falls on Nov 5 this year.