RAMSSOL Group Bhd will leverage its position as a human capital management (HCM) solutions provider in Southeast Asia to advertise, market, promote and sell a range of anti-corruption training courses around the region.
Yesterday (Dec 13), the company’s wholly-owned subsidiary RAMS Solutions Sdn Bhd inked a two-year agreement with ELMU V Sdn Bhd to exclusively market training courses on legal framework, corporate liability, corruption risk management & organisational anti-corruption plan course that will be conducted by ELMU Education Group Sdn Bhd (EEG) and the Malaysia Anti-Corruption Academy (MACA).
ELMU V is a subsidiary of EEG which is collaborating with MACA to conduct the training courses.
To re-cap, Section 17A of the MACC Act 2009 which came into force on June 1, 2020 allows for companies to be held liable and charged in court in the event their officers offer or give bribes to secure business.
However, an organisation can be absolved of liability if it can demonstrate that adequate procedures were in place to prevent associated persons from committing the corrupt act.
In light of the above, both local and international organisations operating in Malaysia has to ensure that their directors, partners and other senior personnel are kept abreast with the rules and regulations surrounding the Section 17A of the MACC Act 2009 by ensuring adequate procedures, anti-corruption programme and policies are well adopted, implemented and enforced.
However, the PWC’s Global Economic Crime and Fraud Survey 2020 found that only 49% of Malaysian organisations have a dedicated programme to address bribery and corruption.
“These courses are applicable to multinational corporation (MNC), public limited company (PLC) as well as government-linked company (GLC) and could potentially extend to small medium enterprises (SME),” commented Ramssol’s group managing director and CEO Cllement Tan Chee Seng.
“It is important for all organisations and senior personnel within corporate organisation to start revising its existing policies and procedures on anti-corruption to assess whether they met the expectations of the MACC, and if not, we believe we can facilitate them to start building up its adequate procedures through our training courses.”
According to the investigation papers opened in 2020 by the Malaysia Anti-Corruption Commission (MACC), there has been an increase of 24.7% in corruption cases to 1,039 in 2019 from 833 cases in 2018.
At the close of yesterday’s (Dec 13) trading, Ramssol was up 1.5 sen or 1.89% to 81 sen with 5.08 million shares traded, thus valuing the company at RM181 mil. – Dec 14, 2021
