MACC Act Section 17A Adequate Procedures Best Practice Handbook

Corporate Governance

MACC Act Section 17A Adequate Procedures Best Practice Handbook

  • MACC Act Section 17A Adequate Procedures Best Practice Handbook This new handbook features the experience of specialists directly involved in setting up and running anti-corruption systems for Malaysian companies.
  • Date: May 25, 2021
  • Category: Corporate Governance
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This Adequate Procedures Best Practice Handbook was developed to complement the existing Guidelines on Adequate Procedures published by the Prime Minister’s Office of Malaysia in December 2018. This handbook is intended to assist commercial organisations in understanding what is required for the adequate procedures in more detail, based on industry practices that can be implemented to help prevent the occurrence of corrupt practices.

The Guidelines were structured on the basis of five ‘TRUST’ principles which may be used as reference points for the anti-corruption programme implemented by the company:

  1. Top Level Commitment
  2. Risk Assessment
  3. Undertake Control Measures
  4. Systematic Review, Monitoring and Enforcement
  5. Training and Communication

The Guidelines were designed to be high-level rather than detailed and prescriptive, suitable for any size of company while leaving room for adaption and innovation by individual enterprises. This new handbook is designed to help companies achieve that end, using the experience of those directly involved in setting up and running anti-corruption systems for Malaysian companies.

The Handbook can be downloaded free-of-charge in English or Bahasa Malaysia by simply clicking on the link below.

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Business Integrity Alliance

  • Tags : Corporate Governance

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