Artwork

Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Pay A “Facilitation Fee” or Risk Loss of Business?

38:34
 
Share
 

Manage episode 422324808 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

We address the critical issue of corruption impacting small and medium-sized enterprises (SMEs) in Malaysia. A recent Association of Chartered Certified Accountants (ACCA) report reveals that 63% of SMEs fear rejecting bribery could lead to business loss. This highlights the significant challenges in maintaining ethical standards while competing in the market.

We explore the types of corruption SMEs encounter, such as bribery and favouritism, and the legal and economic repercussions of engaging in corrupt practices. We also discuss the role of industry associations and government in supporting SMEs, the effectiveness of anti-corruption laws, and the psychological impacts on SME owners and employees.

Joining us are Lim Koon Huan, Partner at Skrine, and Sujatha Sekhar Naik, Chairman of the Malaysian Institute of Corporate Governance, to share insights and strategies to help SMEs uphold integrity in the face of corruption.

See omnystudio.com/listener for privacy information.

  continue reading

155 episodes

Artwork
iconShare
 
Manage episode 422324808 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

We address the critical issue of corruption impacting small and medium-sized enterprises (SMEs) in Malaysia. A recent Association of Chartered Certified Accountants (ACCA) report reveals that 63% of SMEs fear rejecting bribery could lead to business loss. This highlights the significant challenges in maintaining ethical standards while competing in the market.

We explore the types of corruption SMEs encounter, such as bribery and favouritism, and the legal and economic repercussions of engaging in corrupt practices. We also discuss the role of industry associations and government in supporting SMEs, the effectiveness of anti-corruption laws, and the psychological impacts on SME owners and employees.

Joining us are Lim Koon Huan, Partner at Skrine, and Sujatha Sekhar Naik, Chairman of the Malaysian Institute of Corporate Governance, to share insights and strategies to help SMEs uphold integrity in the face of corruption.

See omnystudio.com/listener for privacy information.

  continue reading

155 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide