​​​​​​​MDV Strengthens Governance Framework, Reinforces Integrity

KUALA LUMPUR 19 March - Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance (Incorporated) [MOF (Inc)] and an agency under the Ministry of Science, Technology & Innovation (MOSTI), has reaffirmed its commitment to upholding integrity through stronger governance practices within the organisation.

This effort aligns with the Madani Government’s continued emphasis on eradicating corruption and abuse of power, strengthening principles such as justice, equity, and the well-being of the people through an inclusive and progressive approach.

The commitment was highlighted during MDV Integrity Day 2026, held on 11 March 2026, an event organised as part of the company’s continuous efforts to foster a culture of excellence and integrity among its leadership and employees.

The event was attended by MDV Chairman, Wong Chen; MDV Chief Executive Officer Rizal Fauzi; MDV Board Member Ts. Dr Julian Tan Kok Ping; as well as senior management and employees.

Speaking at the event held at the Asian Institute of Chartered Bankers (AICB), Wong Chen reminded MDV’s management and employees that institutions do not lose their way overnight, but gradually, through a series of small compromises over time.

He emphasised the importance of strengthening governance practices within MDV to prevent such situations and highlighted the collective responsibility of all employees in combating corruption and fraud within the organisation.

“Integrity is not only about systems and structures, but also about the courage to speak up when you know something is wrong,” he said. “Remaining silent when wrongdoing is taking place is not a neutral act, but a form of complicity.”

As part of MDV’s commitment to better governance, Wong Chen also announced the roll-out of ten (10) key governance initiatives, including the establishment of a more comprehensive governance framework and Board Charter, the institutionalisation of the Three Lines of Defence model to strengthen risk ownership and oversight, enhancements to the company’s Whistleblowing Framework, and the upcoming adoption of relevant ISO standards, including ISO 37001 Anti-Bribery Management System and ISO 37002 Whistleblowing Management System.

Following the announcement, Wong Chen and Rizal co-signed the “Commitment to Better Governance” plaque, symbolising the organisation’s collective pledge to strengthen integrity, accountability, and responsible governance across its operations.

The event also featured the presentation of MDV’s Organisational Anti-Corruption Plan (OACP) 2026–2030, as well as the launch of MDV’s Anti-Corruption and Bribery Handbook, which serves as a practical guide for employees to uphold the highest standards of integrity in dealings with both internal and external stakeholders.

As MDV continues to support Malaysia’s technology-driven industries, the organisation remains committed to ensuring that its financing activities and institutional practices are guided by strong governance principles, enabling it to serve as a responsible and trusted partner within the technology financing ecosystem.

To date, MDV has disbursed more than RM14.44 billion to finance over 1,372 technology projects and 1,216 technology companies across all strategic sectors. - DagangNews.com