KUALA LUMPUR: Public-listed companies and organisations involved in high-value projects must have adequate anti-corruption procedure, says Malaysian Anti-Corruption Commission chief commissioner Datuk Seri Azam Baki .
“As the new law has not been tested yet, the MACC will be setting a standard threshold on the value of the project that commercial organisations are involved in,” said Azam "However, organisations such as public-listed companies and companies involved in projects valued in huge amounts must ensure that they have set up adequate procedure," he said in his speech at the Corporate Liability - Are You At Risk Forum here on Tuesday .
"Section 17A aims at having all and if not most companies in Malaysia prepared with preventive measures against corruption in its management.