Ministry, KPK sign MoU on corruption prevention

The State-Owned Enterprises Ministry and Corruption Eradication Commission (KPK) on Thursday signed a memorandum of understanding in efforts to prevent corruption in state-owned enterprises.

The MoU was signed by SOE Minister Mustafa Abubakar and KPK chairman Busyro Muqaddas, a press statement from the ministry says.

The agreement covers five areas: data access, wealth reports, gratification controls, state asset management, and anti corruption initiative evaluation and research.

The ministry also announced that as of May 20, only 30 out of the 1,189 state-owned enterprise directors and commissioners had submitted wealth reports.

Gratification controls have also been added as a parameter to measure good corporate governance in the state-owned enterprises, the statement says.