September 1, 2012
www.nst.com.my
Tunku Aziz looks behind during his time in Bank Negara
by Tunku A. Aziz
AS a former executive banker, we honour Tan Sri Dr Zeti Akhtar Aziz, the
administrator of Bank Negara Malaysia, upon progressing a high standards of governance set by a initial Malayan conduct of BNM, Tun Ismail Mohamad Ali.
Thankfully, many of a BNM governors have been men as well as lady of superb dignified as well as ethical character. The most appropriate BNM stewards in my book have been Tun Ismail, Tan Sri Aziz Taha as well as a current incumbent.
I have regularly said in my speeches as well as articles over a years which BNM is a most appropriate managed establishment in a country, followed by Petronas, a inhabitant oil association under Datuk Rastam Hadi and, later, Tan Sri Hassan Merican. The rest of a inhabitant institutions are, by comparison, second rate.
But led by competent men as well as women of impeccable character, even an unexcited establishment will have a sporting chance of success eventually.
My own operative attribute with Ismail Ali began in a curious way. Tun Dr Ismail Abdul Rahman, a third many powerful male in government, resigned from a cupboard in a late 1960s, something he had threatened to do for a little time.
He was allocated Chairman of Guthrie Ropel, part of a Guthrie organisation which we joined towards a finish of 1964. Although usually a "second tour" assistant, we was frequently asked by Dr Ismail Abdul Rahman to short him upon a ca! mp compa nies we was seeking after.
One day, quite out of a blue, he said, "Tunku, we consider we have been wasting your time in a camp company. Go as well as see Ismail during Bank Negara. we have spoken to him about you."
Ismail Ali captured my aptitude with his vision for a bank. He longed for it, in time, to opposition a Bank of England, which he dignified greatly, in a integrity as well as a peculiarity of economic as well as monetary advice rendered to a British government. He saw a role of BNM as an critical a single in compelling as well as building a sound monetary system.
The bank, he declared, contingency be "efficient to a indicate of ruthlessness". He thought we was a right chairman to exercise a general consultants' recommendations which a bank had consecrated upon a tenth anniversary.
I came upon board as adviser, or in today's terms, partner governor. we regarded my withdrawal a corporate sector as temporary leave of absence, receiving a big drop in salary, to offer my country.
Ismail Ali did not tolerate inefficiency, as well as dishonesty in whatever shape or form was dealt with seriously. It was my unpleasant avocation to dismiss from use two of a brightest officers.
In a box of one, he was held playing a marketplace extensively while upon duty. When a write printouts of his effusive calls over a duration of a little months were presented to me in a course of a investigation, a justification for severe disciplinary movement was irrefutable. He after became extremely abounding as a stock marketplace player in a unfamiliar country.
The alternative officer, who had entrance to critical bank information, had compromised as well as abused his in front of by borrowing as well as then defaulting upon loans from Kuala Lumpur-based unfamiliar banks. When a make a difference was brought to Ismail Ali's attention, he asked me how we dictated to proceed.
There could usually be a single outcome in these cases. Both of them were dismissed after ! due inve stigation. No stand in standards as distant as we were concerned.
In my experience of operating in comparison positions, both domestically as well as in
general organisations, we have worked with a little professionally superb people from diverse backgrounds. Many of them did not strech their full potential, descending by a wayside, since they unsuccessful to recognise a importance of inculcating ethical standards in business behaviour.
As we applaud a 55th anniversary of Merdeka, let us titillate a supervision to pay sold courtesy to governance principles which have been resolutely grounded in fairness, probity as well as equity.
Let us additionally remind a supervision which in lapse for a await for a Economic Transformation Programme, we design to see a change in a way policies have been formulated as well as implemented.
We wish policies which have been inclusive, receiving full comment of a needs of all of a citizens. Is a supervision up to a task to govern a nation solely in a public interest?
I know a Prime Minister is operative his guts out as well as we know he will get a support, provided he has a political will as well as bravery to put a most appropriate people in charge but courtesy to race or religion. He will look even better surrounded by a most appropriate a nation has to offer.
Let this Merdeka Year be a commencement of greater things to come so which a Malaysia need no longer be upon a defensive. Look no over than Bank Negara Malaysia for inspiration.
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