Small and medium enterprises (SMEs) have been urged to take a cue from bigger companies on running an ethical organisation, to create long-term growth and sustainability.
Speaking to reporters during its “Business Ethics and Integrity: Key to Sustainability in the Digital Economy” seminar co-organised by the Ffederation of Malaysian Manufacturers (FMM), International Chamber of Commerce (ICC)-Malaysia, and the ASEAN CSR Network, FMM President Tan Sri Lim Wee Chai said while society in general recognises the importance of practising good business ethics, not many companies, especially SMEs, are able to grasp this.
“Honesty, integrity and transparency are very important in any organisation and are the reason why multinationals and other big companies can survive for so long. It’s because they have built a good foundation. If the foundation is rotten, the organisation will only go down,” said Lim, who is also chairman of the world’s largest rubber glove maker, Top Glove Corp Bhd.
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