Corruption, as defined by Transparency International, is “the abuse of entrusted power for private gain. It can be classified as grand, petty and political, depending on the amounts of money lost and the sector where it occurs”.
DurationCorruption, as defined by Transparency International, is “the abuse of entrusted power for private gain. It can be classified as grand, petty and political, depending on the amounts of money lost and the sector where it occurs”. Corruption can cause an erosion on public trust and on the legitimacy of both public and private institutions.
Its effects can be catastrophic to a national economy, particularly at a time when open global markets can rapidly reverse capital and investment flows due to the compromise on trust and confidence in the economy.
The National Anti-Corruption Plan (NACP), launched by our then Prime Minister, Tun Dr Mahathir Bin Mohamed on 29th January 2019, seeks to instil clear and strong principles of transparency, accountability and integrity as well as good governance to combat corruption. The Plan is to create a corruption-free ecosystem for future generations and to move the country into developed nation status.
Both the public and private sectors should implement clear strategies to achieve this goal. A key strategy would include embedding a Corruption Risk Management (CRM) system within the Enterprise Risk Management system of the organization.
With the introduction of the Corporate Liability Provision under S17A of the MACC Act since 1 June 2020, implementing a robust CRM system becomes even more critical for organisations since it serves as “adequate procedure” and a defence against liability arising from corrupt practices.
This program seeks to help participants understand the importance of implementing a corruption risk management system. Participants will also have the opportunity to delve into the nuts and bolts of creating a Corruption Risk Management system, identifying corruption risks areas as well as the controls required to mitigate, eradicate or minimise both the impact and probabilities of the risks occurring.
Participants will experience a guided methodology which is practical and immediately usable as they complete the 1-day program.
At the end of the program, participants will be able to:
Who Should Attend?
Challenge conventional thinking and create change beyond business. Established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan, Asia School of Business (ASB) is committed to developing transformative and principled leaders who will create a positive impact in the emerging world and beyond.
Our Vision:
The vision of ASB is to be a global knowledge and learning center, blending the rigor of our founding parents, MIT Sloan and Bank Negara Malaysia, with regional expertise, insights, and research from Asia and the emerging world. To date, our award-winning MBA degree program has been called “The Most Innovative MBA” in the world by Poets & Quants, while our faculty have won awards and recognition for their impact and contributions.
Our Mission:
The mission of ASB is to become a premier school of management in Asia, recognized for its ability to develop transformative and principled leaders who will contribute to a better future and the advancement of the emerging world.
Our People:
Transformative and principled, the people of ASB embody and embrace the mission of the School. Though culturally diverse, we share the vision to build a global knowledge and learning center. The people of ASB are a community of curious, adaptive, and collaborative go-getters driven to contribute to a better future and advancing the emerging world.
The MIT Sloan Connection:
April 9, 2015 marked the birth of ASB, with the collaboration between Bank Negara Malaysia and MIT Sloan School of Management (MIT Sloan). ASB was founded in response to the need for qualified, industry-ready talents to fill the needs of the exponential growth and opportunities of Asia.
Integrating the MIT DNA by bringing theory and practice together, the same core courses that are delivered in Cambridge, Massachusetts, USA are taught in ASB’s MBA full-time and MBA for Working Professionals degree programs. Both MIT Sloan’s world-renowned faculty and ASB’s residential faculty teach this rigorous curriculum.
In 2021, ASB launched its third degree program in partnership with MIT Sloan, the Master of Central Banking (MCB), a one-of-a-kind program in the marketplace. The residential program provides a rigorous graduate-level, central banking-focused curriculum that includes Asian and emerging market perspectives, distinguishing it from many other banking and finance programs.
At ASB, students get a global education, with a uniquely Asian perspective, complemented with hands-on Action Learning projects across the globe.
Executive Education:
The Iclif Executive Education Center (Iclif) at ASB (formerly The Iclif Leadership and Governance Centre) provides corporate governance training and non-degree programs to support the professional development of C-Suites and senior management.
Iclif was established by Bank Negara Malaysia in 2003 as an Asia-based independent non-profit organization with the mission to strengthen the leadership and governance capabilities within the Malaysian financial sector. In 2020, Iclif merged with ASB to extend its set of offerings in executive education, and now offers additional courses in general management and finance.
Currently, Iclif offers a set of Open-Enrollment Programs and Custom-Built programs. In addition to the Open-Enrollment programs, Iclif also offers a set of mandatory programs for Malaysian directors of financial institutions (Financial Institutions Directors’ Education (FIDE)).
Anti-Bribery & Corruption course is offered by Impact Volution. We help the individual improve their personal attribute that supports situational awareness and enhances are an individual’s ability to perform their job effectively.
Our Anti-Money Laundering (AML) training course is designed to raise your employees’ awareness of money laundering in order to confidently identify and report signs of money laundering activity in your business.
Where any offence committed by the commercial organization, directors, bosses and partners will be deemed to have committed that offence.
Anti-Money Laundering and Terrorist Financing course is offered by AMC (Asia Masters Center). From the training side, AMC have the ability to study and understand the market demand, put a plan and training solution fit the organization’s need to solve an administrative and financial issues.
The objective of the training is to increase awareness of Anti-Bribery policies, and understand how they can be effectively implemented in your organisation. You will learn typical behaviour that can contribute to unethical practice and corruption at the workplace.
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