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ETHICAL LEADERSHIP IN PUBLIC SECTOR - Coggle Diagram
ETHICAL LEADERSHIP IN PUBLIC SECTOR
OVERVIEW
An act of dishonesty or criminal offense by those positions in power for one's personal gain.
Cause
Political and economic environment.
Professional ethics and morality.
Greed of money and desires.
MAIN ISSUES
The corruption committed by leaders in Malaysia under the name of a big company.
1MDB scandals
Port Klang Free Zone (PKFZ)
Tabung Haji scandals
EXPECTED IMPLICATION
Reduces tax revenues
Economic growth getting slower
Effect on income distribution
Damages financial sector institutions
POSSIBLE ISSUE
Money laundering
Bribery
Involvement of politicians
Defrauding
CONCLUSION
In order to combat corruption, we must embrace transparency.
We can make difference by making strict protocols and keep a regular and systematic check over the financial transactions.