We may be a tiny country when viewed from space. But when it comes to corruption and other such activities, we certainly stand out on the world map.
According to the World Bank, corruption adds up to 10% to the cost of doing business globally, and up to 25% to the cost of government contacts in developing countries.
In the case of Top Glove, the world's biggest rubber glove producer, it has a policy of zero tolerance for corruption.
The Top Glove boss certainly walks his talk. His company sells rubber gloves to 180 countries or almost the entire world. It employs some 11,000 workers at its plants in Malaysia, Thailand and China and grossed a turnover of RM2 billion in its last financial year.
Corruption undermines good governance, grossly distorts public policy and leads to misallocation of resources. The beast of corruption can only be tamed with the cooperation of a wide range of stakeholders, including most importantly the state, civil society and the private sector. There should be no more room for business through corruption and bribery. ~ MACC chief commissioner Datuk Seri Abu Kassim Mohamed
Let's make a difference, Fight Corruption
Sources:
Checkpoint blues by Azman Ujang
http://www.thesundaily.my/news/280922
No indication we will go bankrupt by Tony Pereira
http://www.thesundaily.my/news/279717
In the case of Top Glove, the world's biggest rubber glove producer, it has a policy of zero tolerance for corruption.
The Top Glove boss certainly walks his talk. His company sells rubber gloves to 180 countries or almost the entire world. It employs some 11,000 workers at its plants in Malaysia, Thailand and China and grossed a turnover of RM2 billion in its last financial year.
Corruption undermines good governance, grossly distorts public policy and leads to misallocation of resources. The beast of corruption can only be tamed with the cooperation of a wide range of stakeholders, including most importantly the state, civil society and the private sector. There should be no more room for business through corruption and bribery. ~ MACC chief commissioner Datuk Seri Abu Kassim Mohamed
Let's make a difference, Fight Corruption
Sources:
Checkpoint blues by Azman Ujang
http://www.thesundaily.my/news/280922
No indication we will go bankrupt by Tony Pereira
http://www.thesundaily.my/news/279717
