The Prime Minister of Malaysia, YAB Tun Dr. Mahathir Mohamad, launched Bank Rakyat’s Inaugural Integrity Forum 2020, which was marked by some 90 Bank Rakyat Management team from across the country taking the Malaysian Anti-corruption Commission (MACC) Pledge of No Corruption, led by its Acting Managing Director, Dato’ Rosman Mohamed, and witnessed by the Deputy Chief Commissioner (Prevention) of MACC, Dato’ Shamshun Baharin Mohd Jamil. Following the pledge Bank Rakyat officially announced that it will practice a No Gift Policy for all its events moving forward.
Bank Rakyat, an agency of Ministry of Entrepreneur Development (MED), marked a key milestone on the 6th of January 2020, when it unveiled its identity as The Sustainable Bank with Governance and Sustainability as its key pillars. Themed “Institutionalisation of Reforms in the New Malaysia”, the Bank Rakyat Integrity Forum 2020, brings prominent thinkers and industry leaders together for one day.
“We are thrilled to not only have the Minister of Entrepreneur Development, YB Datuk Seri Mohd Redzuan Yusof supporting us throughout this journey but felt privileged that the Prime Minister of Malaysia, YAB Tun Dr. Mahathir Mohamad launched this Forum sending a strong signal not only to our staff but all our stakeholders on the need to truly institutionalise reforms, and inculcate a culture of governance, integrity and anti-corruption which is in line with the National Anti-Corruption Plan (NACP) launched in January 2019”, said Datuk Noripah Kamso the Chairman of Bank Rakyat.
Committed to eradicate corruption
In a statement the Minister of Entrepreneur Development, Datuk Seri Mohd Redzuan Yusof said it is important the government of the day institutes independence in government linked businesses for deeper and stronger governance. The autonomous structures of statutory bodies owned by the government must show independence not only for governance, but as a mark of confidence for investors to know that Malaysia has serious political will to institutional reforms in its government linked businesses.
“The Government’s commitment to eradicate corruption is paramount. We are aware that our restoration of the nation will not be successful unless we address the root causes of the problem, which is corrupt practices and political interference. Further the Government has also listed Integrity and Governance as one of the Guiding Principles to realising the Shared Prosperity Vision 2030 as well as the National Entrepreneurship Policy 2030.” Datuk Seri Mohd Redzuan added.
Bank Rakyat Integrity Forum 2020, “Institutionalisation of Reforms in the New Malaysia”
As the largest Islamic Development Financial Institution in the world today, Noripah said the Forum is intended to also position Bank Rakyat as a thought leader in the industry. “This is in line with Bank Rakyat 2025 (BR25) Blueprint. To accomplish this goal, we need to extend beyond just the Islamic financial capacity, engage across industries and be a leader in providing solutions for economic development for our existing and new customers. We need to also serve the bottom 40% a key focus of ours since inception of the Bank in 1954”, she further added.
“The involvement of various prominent figures including senior ministers and public officials in debating the landscape for government linked businesses marks a new beginning in New Malaysia. It is encouraging and provides optimism that open discourse is key to transparency and governance. Such initiatives will be the foundation to Malaysia’s commitment to ridding corruption in its institutions and would provide for a corrupt-free ecosystem for the future generation “, she added.
The Forum received strong panel support from the highest leadership in institutions like, Dr. Hasnita Hashim, Chairman of Majlis Amanah Rakyat (MARA), Datuk Dr. Anis Yusal Yusoff (GIACC), Datuk Shahril Ridza Ridzuan, (Khazanah Nasional Berhad), Tunku Ali Zakri (EPF), Datuk Umar Swift (Bursa Malaysia) Latheefa Beebi Koya of MACC, Professor Jomo Kwame Sundaram (Economic Action Committee), Dato Vaseehar Hassan, Premesh Chandran (Malaysiakini), Professor Dr. Shad Saleem Farouqi (UM), Professor Dato‘ Dr. Aishah Bidin (UKM), Ms. Rajni Bajpai (World Bank).