More firms sign on to Cambodia's anti-corruption pact

More firms sign on to anti-corruption pact



PHNOM PENH: - Cambodia's national corruption watchdog has added two more firms to its list of private sector companies committed to stamping out corruption, The Phnom Penh Post reported.

The Cambodia Higher Education Association, a non-governmental body dealing with higher education institutions, and Tata Southeast Asia, a local subsidiary of an Indian industrial conglomerate, each signed a memorandum of understanding (MoU) with the Anti-Corruption Unit (ACU) pledging to take a zero-tolerance approach to corruption and unfair business practices in their companies, according to state news agency AKP.

The addition of the two companies expands the list of organisations that have signed the non-binding agreements with the ACU to 23, it said.

Phim Monisetha, general secretary of the Cambodian Higher Education Association, said the agreement aims at eliminating bribery and spreading information on Cambodia’s 2010 Anti-Corruption Law. He said signing the MoU would make it easier and faster for his association’s members to work toward these goals.

Preap Kol, executive director of Transparency International Cambodia, said firms that sign the MoU stand to benefit from closer ties with the ACU, which can provide additional protection and prevent corrupt officials from extorting money from these businesses.

The ACU has now signed MoUs with 23 private companies, including Cambodia Beverage Company and Phnom Penh Special Economic Zone (PPSEZ).

Source: http://englishnews.thaipbs.or.th/content/149445


-- Thai PBS 2016-02-04