Monday, April 20, 2020

Only 59% of Malaysia public listed companies have anti-corruption policies in place / IMF: spend what you can to fight Covid-19 but keep the receipts / Corruption mars Bangladesh's Covid-19 relief efforts

Only 59% of Malaysia public listed companies have anti-corruption policies in place. “The Securities Commission Malaysia (SC) (…) said in its 2019 annual report, which was released today, that it had reviewed the anti-corruption policies of listed companies in light of the corporate liability provision (Section 17A3) in the Malaysian Anti-Corruption Commission Act 2009, which comes into force on June 1, 2020. "The review found that only 59% of listed companies had anti-corruption policies in place, and the majority of these policies required enhancements to bring them in line with the Guidelines on Adequate Procedures issued by the Prime Minister’s Department”.” 

 

 

 

IMF: spend what you can to fight Covid-19 but keep the receipts. “Kristalina Georgieva, the fund’s managing director, said it was right that the organisation’s 189 members were boosting spending on health and protecting livelihoods but warned that the $8tn (£6.4tn) already mobilised should be accounted for properly. “Spend what you can but keep the receipts,” Georgieva said (…). We don’t want accountability and transparency to take a back seat”.” 

 

 

 

Corruption mars Bangladesh's Covid-19 relief efforts. “Dozens of local leaders of the ruling Awami League and local government officials have been arrested in Bangladesh for alleged corruption and theft of food items meant for the poor during the Covid-19 shutdown. (…) They have been accused of stealing 4,167 sacks full of rice, the staple food in Bangladesh, weighing over 200 tonnes.” 

 

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