Another conglomerate takes the fight against corruption by signing the Corruption- Free pledge, Boustead DCNS Naval Corporation which is primarily involved in providing submarine repair and maintenance for the Defense Ministry has taken strong commitment when it signed the Malaysian Anti-Corruption Commission Corruption-Free Pledge.
This was signed by Chief Executive Officer, Feroz Razi bin Ramli with Deputy Commissioner Karunanithy Y Subbiah, Director of MACC Sabah and First Admiral Mohd Razib bin Tahir, Submarine Force Commander of the Royal Malaysian Navy (RMN) at a ceremony in Sabah.
According to Mr Feroz Razi Ramli, the pledge demonstrates Boustead’s commitment to promote integrity and good corporate governance. This comes in line with one of the four core values of Boustead Heavy Industries Corporation Berhad (BHIC) the parent company which owns a 60 percent stake in BDNC. To reinforce this commitment the company will embark in implementing the Anti-Bribery Management System and obtaining ISO 37001 certification related to the system by end of March 2021.
Malaysia recently suffered a setback when the country fell in the Transparency International’s Corruption Perception Index to 57th among 180 nations. In 2020, the position was at 51 while 53 in 2019.
Incorporated on 24 June 2009, BDNC is a joint venture company of BHIC providing submarine maintenance, repair and overhaul (MRO), In-Service Support and Refit services to RMN’s submarines.
