PUTRAJAYA, Nov 21 — Government-linked companies (GLCs) are given a two-year grace period to set up an Integrity and Governance Unit (IGU), starting from the date that the order was given on October 5, said Prime Minister Tun Dr Mahathir Mohamad.

He said the unit should be placed under the board members of the companies, while the implementation and reporting of core functions will be regulated by the Malaysian Anti-Corruption Commission (MACC).

"In line with the government’s aim to have Malaysia as a corruption-free country, the government has taken the step to strengthen governance and integrity in GLCs by forming the IGU,” he told a press conference after chairing the Anti-Corruption Special Cabinet Committee meeting today.

Dr Mahathir said the government will also launch the National Anti-Corruption Plan next January to strengthen the government’s administrative management on governance, integrity and anti-corruption.

He said the International Organisation for Standardisation (ISO) 37001 Anti-Bribery Management System will be implemented holistically in every high-risk ministry, agency, departments and GLCs in order to curb corruption and to build integrity.

“This effort will make Malaysia the first country in the world that gets the ISO 37001 standard in the public sector,” he added.

https://www.malaymail.com/s/1695727/pm-two-year-grace-period-for-glcs-to-form-integrity-governance-unit