The issue of integrity and accountability is heated up currently due to misuse of trust of a top management leader at MACC. Discuss (academically) what the issue is about. Suggest 4 ways toward resolving the stipulated issue in the nation.
Integrity System
Internal Control System
The country's top leader in the fight against corruption, is alleged to have acquired shares worth millions of ringgit, including warrants in public listed companies, despite limits imposed on civil servants to own equity in companies.
MACC is "reviewing" the complaint before conducting an investigation.
MACC confirmed receiving complaints alleging abuse and corruption among certain individuals in the top management and board members of the Securities Commission (SC).
Encouraging a culture of democracy will help to create organizational and operational integrity.
Thus, an integrity system is critical to establishing accountability and openness inside a business.
A culture that accepts external performance obligations, particularly to the public, leads to accountability.
Internal control in the public sector supports the system while encouraging decision maker responsibility.
Internal control systems are important in internal auditing because internal auditors are specialists in management control.
As internal control systems emphasize accountability, their use in the public sector is vital at any level of improving accountability in the public sector.
Leadership Practices
Properly plan the reform
With the present development, the firm needs a manager with leadership charisma.
Focus on building the proper leadership characteristics is required to increase accountability within the public sector.
Leaders' reputations influence the formal accountability procedures for their work-related choices and actions.
Government need to be aware of how to bring effective change in the medium term.
Reform the systems need to be properly planned to ensure that the government has the necessary resources.
If there seem to be much to be done to support reform at the planning stage, it only highlights the poor state of their existing system and therefore the greater need to improve the management processes.