Zambo business leaders urged to curb corruption PDF Print E-mail
Friday, 25 November 2011 17:30

Business leaders in Zamboanga City have been urged to curb corruption in the private sector.

The call was contained in an “Integrity Pledge” that is being circulated around business executives in the city.

In a letter sent to its members, Pedro Rufo N. Soliven, chairman of the chamber, said they are encouraging their members to support the anti- corruption movement dubbed as Integrity Initiative, which primary aimed at leading the private sector from fighting against the corruptions in business transaction.

“We are endorsing this initiative by inviting you to sign the Integrity Pledge.  Your signing the pledge is a clear demonstration of your commitment to ethical practices.  Corruption will not stop after signing the pledge but signatories to the pledge will lead the private sector in continuously pushing for changes towards good governance and transparency.  With your help, this is possible,” Soliven told its members.

“We grant that entirely wiping out corruption might be a tall order, but we certainly intend to make a significant difference in terms of cutting the scale and depth of corruption in our country.  Government has been very supportive of this campaign,” he added.

The Integrity Pledge was launched last September by a consortium of 21 groups and associations that includes business organization, such as the Makati Business Club.

The movement calls for the organizations to follow the Unified Code of Conduct that aims to make a significant dent in the fight against corruption, especially in the private sector.

The launch took place at the 1st Integrity Summit at the Manila Marriott Hotel in Pasay City, where President Benigno Aquino III, the summit’s keynote speaker, was presented with a copy of the document, the Makati Business Club said.

“The Unified Code of Conduct is intended to guide companies who have joined the Integrity Initiative campaign and signed an Integrity Pledge. The Code describes how company executives and rank-and-file employees can uphold the highest standards of ethics in all their transactions. It has sections for top management, human resources, sales and marketing, finance and accounting, procurement, and logistics,” the business club said.

Last year, the Philippines was ranked fourth for being most corrupt in the 16 major Asia-Pacific investment destinations. The survey was made by the Hong Kong-based Political & Economic Risk Consultancy, which provides strategic business information and analysis for companies doing business in East and Southeast Asia

Rufino said they support the initiative for “creating a wider coalition of companies and organizations that clamor for change in doing business under fair market conditions, promoting ethical business practices, and ensuring that corruption is kept under check.”

In its website, the Integrity Initiative program main objective is to cultivate a culture of integrity as a basis for improving the competitiveness of the Philippines. It seeks to put in place integrity systems and controls in both the private and public sectors.

The initiative was crafted by the Makati Business Club, the European Chamber of Commerce of the Philippines, the Asian Institute of Management through its Hills Program on Governance, the Management Association of the Philippines, and the American Chamber of Commerce of the Philippines, with the critical support of the German industrial giant Siemens.

The business groups expect more than 1,000 firms to sign the Integrity Pledge before end this year.