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©Petroliam Nasional Berhad (PETRONAS) 2017 1

© 2017 PETROLIAM NASIONAL BERHAD (PETRONAS)

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Corporate Transparency and Enhancing Corporate Image :Action Speak Louder than Words

National Integrity Convention 2017

Open

Samsudin Miskon9th November 2017


Corporate transparency describes the extent to which a corporation's actions are observable by outsiders. ... To increment transparency, corporations infuse greater disclosure, clarity, and accuracy into their communications with stakeholders

Definition

©Petroliam Nasional Berhad (PETRONAS) 2017 3http://marketbusinessnews.com/financial-glossary/transparency-definition-meaning/

Transparency in Business


Transparency Summits


Transparency in Business


Transparency revolutionize business


Transparency Trust


Transparency Trust


If you accidentally try to order the same song twice from iTunes, you’ll be warned that you already own it. Not because it would be illegal or unethical for Apple to profit from your forgetfulness. There’s a clear business reason: the leaders of iTunes realize there’s no better way to make you trust them than to be totally honest when you least expect it.

Transparency Trust Profit


Nurturing Trustthrough Transparency - Quarterly Financial Performance Announcement


President & Group Chief Executive Officer Tan Sri Datuk Shamsul Azhar Abbas and other Petronas officials at the press conference and announcement of 2013 Quarter Two Group Financial performance on Aug 26. - The Star/KAMARUL ARIFFIN

Transparency - beyond requirement


From left) Petronas Executive Vice President and Group CFO Datuk George Ratilal, Petronas President and Group CEO Datuk Wan Zulkiflee Wan Ariffin, Petronas chairman Tan Sri Sidek Hasan, Petronas Downstream Executive Vice President and CEO Md Arif Mahmood, Petronas Upstream CEO and Executive Vice President Datuk Mohd Anuar Taib at the announcement of Petronas second quarter & mid-year 2017 group financial performance at Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre. Picture by ASWADI ALIAS.

August 25, 2017

Continuous Transparency


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25 Aug 2017

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which posted a stellar performance in the second quarter thanks to higher oil prices, will pay an additional RM3bil dividend to the government.

Group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said Petronas would pay additional RM3bil dividend to the government on top of RM13bil dividend commitment this year following to improved earnings.

“We have already approved the RM3bil interim dividend to the government, which will be given out in stages,” he told reporters at Petronas mid-year result briefings.

Transparency sharing with the Nation


Transparency in Corporate Governance- Business Ethics


Transparency in Ethics and Integrity


Transparency - accessible to all


https://www.petronasgas.com/CorpGov/Documents/PGB_AntiBribery.pdf

ABC Manual


The PETRONAS Group has adopted a zero tolerance policy against all forms of bribery and corruption. The PETRONAS Code of Conduct and Business Ethics (CoBE) sets out PETRONAS’ core principles in this regard. The PETRONAS Anti-Bribery and Corruption Policy and Guidelines (hereinafter referred to as the “ABC Manual”) elaborate upon those principles, providing guidance to employees concerning how to deal with improper solicitation, bribery and other corrupt activities and issues that may arise in the course of business. It is also intended to apply to every director (executive and non-executive) except as otherwise stated in this Policy and Guidelines. Joint venture companies in which PETRONAS is a noncontrolling co-venturer and associated companies are encouraged to adopt similar principles and standards. PETRONAS also expects that contractors, subcontractors, consultants, agents, representatives and others performing work or services for or on behalf of PETRONAS will comply with the relevant parts of the ABC Manual when performing such work or services.

ABC Manual


No Gift Policy


“No Gift” Policy


No Gift Policy – pervasive campaign


http://www.thestar.com.my/news/nation/2012/10/31/petronas-bars-staff-from-giving-or-receiving-gifts/


No Gift Policy Advert in national newspapers



Allowable Gift


MACC case 2016


Professor of Law at the George WashingtonUniversity Law School

Transparency - Nothing to Hide


Transparency - Nothing to Hide Nothing to Fear


Thank you