Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
THE OBJECTIVES
TO achieve greater unity TO maintain a TO create a just society in TO ensure a liberal approach TO build a progressive society
among Malaysians democratic way of life which the wealth of the nation to her rich and diverse which shall be oriented to modern
shall be equitably shared cultural traditions science and technology
Queries directed
edge, talent and skills and common eral’s report was made public. Was which PKA cannot afford, or which
law principles dictate that they it assumed that money was coming may threaten long-term financial
must exercise “care as an ordinary from a bottomless pit? viability.”
man might be expected to take on The report goes on to say: “The Therefore, herein lies the prob-
his own behalf”. In short, they must General Manager had only an oper- lem when it comes to appointment
look after the finances of PKA in the ational authority limit of RM50,000. of board members, especially in
same manner as they would look We have not noted any evidence statutory bodies. Are they there
at directors
after their personal finances. that the Board gave authority to because of “past services” to the na-
Having said that, the inevitable the General Manager of the Steering tion or they are appointed because
question is: How did they allow the Committee to implement the project. of their experience, knowledge, skill
common seal to be used in various Therefore, roles, responsibilities and and talent? Are they there because
transactions? (The common seal accountability were not defined.” they are high flyers with strong
has legal significance because the Hence the billion ringgit question connections or because they have
affixing of the seal signifies that the is: If this was the case, why didn’t the the expertise? Are they appointed
THE files in the meeting room document was the act and deed board do anything about it knowing on quota basis vis-à-vis political af-
of the Port Klang Authority (PKA) of the company, whereas when a that several million-ringgit deals filiation or because they know their
headquarters are voluminous. They document was merely signed by a had been signed by the general duties and responsibilities? In the
form the appendices to the report director, then that is deemed to be manager without the knowledge of aftermath of the PKFZ scandal, it is
on the Port Klang Free Trade Zone an act carried out on behalf of the the members? Ignorance? Go, tell time to review the composition of
(project) and if read together, they company by its agents.) it to the marines! Even if they had the boards of public corporations.
must be treated like catalogues of The PKA board was in the not read the A-G’s report, the series Let us not have yet another scandal
shame. Going through them, the dark when various professionals of articles in this newspaper would because the directors were sleeping
over-used phrase “Malaysia boleh” like lawyers and architects were have alerted them to the fact that as on the job.
comes to mind and one cannot be appointed and variation order for of 2005, the costs were ballooning As for the directors of the PKA
faulted for adding three other words costs were approved. The Price- beyond the budget. They may want and the PKFZ, they owe an explana-
– “Semua pun boleh”. How and why CitizenNades waterhouseCoppers report states to claim that approvals had been tion to the taxpayers whose money
did the board of directors of the that 14 agreements and contracts given by the transport minister has been (mis)used. They should
PKA and even the PKFZ watch with by R. Nadeswaran were entered into using the com- and the prime minister and thus, not hide behind the veil of secrecy
folded arms and remain silent as the mon seal and authenticated by the remained silent. and claim they did not do anything
plunder of public funds continued sources; approving annual budgets general manager and the chairman However, they must have ex- because the matters were of a sensi-
unabated? and most importantly, accounting or other employees of PKA. What is ercised “care as an ordinary man tive nature, (whatever that means!)
Directors are appointed to jointly to the stakeholders for the organisa- more shocking is that the auditor- might be expected to take on his Speak up, let’s hear your side of
oversee the activities of a company tion’s performance. Hence it comes general’s report of 2003 which was own behalf”. The report emphasises the story and there are provisions
or organisation. Their activities are as a shock that the directors never published a year later had already this point: “Whilst such approvals in the Companies Act which could
determined by the powers, duties, knew about the agreements, the warned of the financial problems are important from a corporate gov- possibly be used for your inactions
and responsibilities delegated to supplementary agreements and and implications and that the PKA ernance standpoint, it would appear in the past.
them or conferred on them by the other deals which were entered would be insolvent in five years. Yet, to us that the Board still retains the
statute books and the memorandum into. But ignorance is no defence. the board did nothing to prevent the overall responsibility to run PKA in R. Nadeswaran is editor (special and
of articles. The directors have a fiduciary duty PKA from further committing itself a professional and sustainable man- investigative reporting at theSun. He
Their duties include ensuring the to protect PKA’s assets. They were to more than RM1 billion worth of ner. This would include the respon- can be reached at citizen-nades@
availability of adequate financial re- appointed because of their knowl- contracts AFTER the auditor-gen- sibility not to enter into agreements thesundaily.com.
letters
letters@thesundaily.com
allows for a maximum fine MYCAT appeals to the Inaction and complacency
of RM15,000, a jail term of up Wildlife and National Parks are no longer viable options.
to five years or both – paltry Department to investigate We are risking emptying
compared to the fortune the origin of these tigers. The forests of tigers to the extent