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BUSINESS

SilTerra launches corruption free programme to enhance commitment towards integrity

01/04/2022 10:39 PM

CYBERJAYA, April 1 (Bernama) --  Malaysia’s largest semiconductor wafer foundry SilTerra Malaysia Sdn Bhd (SilTerra) has recently launched its corruption-free programme to enhance its firm commitment to upholding integrity and governance at all levels.

In a statement released here today, SilTerra said the programme themed “Together, SilTerra Pledge for Integrity,” was aimed at continuously instilling an environment of trust, transparency, and accountability within all aspects of SilTerra’s network of business operations.

"The programme demonstrates SilTerra’s continued commitment to promoting sincerity, desirable and conducive work environment to eradicate corruption in the organisation," it said.

SilTerra is a strategic investment of Dagang NeXchange Bhd (DNeX) and Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) (CGP Fund).

SilTerra executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said in the statement that the semiconductor foundry’s renewed commitment to enhancing the concept of integrity will prescribe to the enforcement of Section 17A under the Malaysian Anti-Corruption Commission Act 2009 (MACC Act 2009).

He said the implementation of the clause is liable to the company including the board of directors and senior management, to ensure businesses and operations are being conducted in an ethical, fair and transparent manner, aligning with the company’s principles and code of conduct.

He added that the company has strived for quality and meritocracy to be competitive and progressive to become a zero-corruption organisation, as well as to practise a holistic approach to raising awareness regarding the threat and consequences posed by bribery. 

“All leaders and senior management should go through leadership restructuring, allowing the most qualified individuals to run the company to curtail nepotism and cronyism.

"This enables the organisation to adopt ethical business conduct, and review internal processes and controls while maintaining a transparent monitoring mechanism throughout its operations at all levels,” he said.

-- BERNAMA

 

 


 


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