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Moving Forward: PKA and PKFZ to Adopt International Standards of Corporate Governance E-mail
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Written by Ong Tee Keat   
Wednesday, 29 July 2009
I was made to understand that the Ad-Hoc Committee on Corporate Governance delivered their key recommendations to Port Klang Authority earlier this afternoon. I had wanted to attend the briefing, but was taken ill.

The committee was set up on June 10, 2009 to make recommendations for the significant improvement in governance at PKA following the release of the PricewaterHouse (PwCAS) report. I am pleased that the committee had reverted within the 2 month period given to them.
 
I am very impressed not only with the speed in which the report was completed but also that key recommendations reflect international standards of good governance. This should come as no surprise as the committee is made up of eminent individuals led by Dato' Paul Low, who is also Transparency International Malaysia president.
 
Port Klang Authority had been advised to act on the recommendations immediately. To ensure that the recommendations are followed through, I have suggested that the PKA invites a member of Transparency International Malaysia to sit on the board for six months. I am glad that the PKA has responded positively to the suggestion.
 
Among the recommendations that I find particularly interesting in the report are that one-third of the boards of both PKA and PKFZ Sdn Bhd, should be made up of independent non-executive directors. I also welcome the suggestion to have the general manager of PKA to be more accountable to the board. The establishment of the supervisory committee on ethics and integrity could also could also build and strengthen good governance culture at all levels in the organisation.
 
While these recommendations are aimed at putting in place institutional mechanisms to safeguard transparency and good governance, it is also important that individuals at all levels in PKA have a sound understanding and awareness about these two values.
 
Towards this end, I have advised PKA to conduct two seminars on transparency and accountability - one for the PKA board and senior management officials, and another one for all staff of PKA and PKFZ.
 
We cannot afford another PKFZ fiasco. The problematic issues that arose from weak corporate governance and weak management should not be allowed to repeat. Today marks an important milestone where we boldly step forward to adopt international best practice in corporate governance.

We may be starting with baby steps but it represents a giant leap forward in turning the project around.
 
I reiterate my commitment to the project simply because it represents the people’s funds and interests. I will not let myself to be distracted from snipers or opportunists with vested self-interests to politicize this issue.
 
More steps towards that direction are underway. I am confident and that the Special Taskforce and the PKFZ executive committee - which were set up together with the ad-hoc committee on administration and corporate governance - will come back with equally promising findings for us to act upon.

Comments (5)Add Comment
Do the right things right
written by Ace John, July 29, 2009
Today, I read news about several MCA members submitting letter of complaints against you. Frankly, I think their accusations are political nonsense and I am truly disappointed by their actions. Obviously, they are representing "someone" behind who is probably more politically aggressive, power craze, and probably does not have a sense of family moral values. I don't understand how could someone like that is so anxious to lead our communities? smilies/sad.gif

Frankly, I was quite discontent with the old ways of MCA or BN coping issues without concerning people's and nation's welfares in the past. People want a government that is at least transparent and credible, not a government who wants to cover up mistakes they had made and tell open lies to the people. Everyone knows PKFZ is a fiasco. I have to applaud you for taking actions to complete the report and proposing constructive suggestions to repair the damages done by the past administrations. This is a good start!

As a patriotic Malaysian who wants nothing but the best for the country as a whole, I truly salute you as a sincere and brave leader that dares to take the first step to make our nation a better one. There might be other who don't share the same views as I have, I can envisage the obstacles you need to overcome in order to achieve the revolutionary goals you set.

If you are unfortunately forced to step down now, I will not vote for MCA anymore. How could MCA reject a leader who is just doing the right thing right and fight for the people?

Good luck, Datuk Seri! Please keep up the good works!
We need facilities in our Taman too!
written by Maggie Ooi, July 30, 2009
I m staying in Cheras Hartamas(DSL) opposite Pheonix Plaza. My Mum is staying in Bukit Segar Jaya 2(rich people area) I noticed that you have donated 7 or more sets of marble chairs and tables to their playground n surrounding taman when this area is already well maintained. Which is very discriminating!!! While we here in Cheras Hartamas(poor people area) are not enjoying this benefit....I have been staying here for 8 yrs. I have never seen any sweeper around to clean up our taman...there are dried leaves n litter laying like about 2 inch by the side of every road..The sweeper only do their jobs outside our taman...how come there is no instruction from right authorities that our taman residents are also TAX PAYERs. We also need upgrade of marble chairs n table and other facilities in our playground.

Please do look into this matter. Thanks
...
written by H.F.HO, August 01, 2009
Hi Dato,

You have done a great job on the PKFZ issue. Keep up the good work . We will always support you .


Regards,
Ho
...
written by Kenny G, August 02, 2009
Dear Datuk Seri

One way to help make sure this fiasco never happen again is that the Minister of Transport and President of MCA must never to appoint has-been politicians to the board of PKA or PKFZ. The PKA board was the dumping ground for these people, to give them a title and something to do. This should not happen again. You must promise to stop doing this.
...
written by Poh Syee Wha, August 03, 2009
Dear Datoh Seri,

I have had in the recent past been critical of MCA's leadership. I have therefore been observing your leadership moves on PKFZ and Dato Chua's case. I must say that you have done the right things. If you continue with this kind of leadership I think you would be able to win back the support of the chinese. Keep it up.

Syee Wha

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