LASF to launch Integrity Committee soon
- July 17, 2019
- Posted by: kalaluka
- Category: Uncategorized
The Local Authorities Superannuation Fund (LASF) has engaged the Anti Corruption Commission
(ACC) with a view of establishing an Integrity Committee in the Fund, in line with Government policy.
Speaking during a preparatory meeting between LASF and the ACC on July 4, 2019, Fund Managing
Director George Chileshe said that the pension industry was prone to cases of corruption due to
delays in payment of benefits.
Mr. Chileshe disclosed that LASF had initiated the move to establish an Integrity Committee as
required by Government through the National Anti Corruption Policy of 2014 which makes it
mandatory for public institutions to ensure transparency in their operations.
“As LASF we want to get on board and set up an Integrity Committee so that we prevent potential
cases of corruption. As you know, when payment of benefits is delayed, it causes anxiety among
pensioners which could lead to cases of bribery,” Mr. Chileshe said.
He added that the Fund would review its Whistleblower’s Policy to align it with provisions of the
National Anti Corruption Policy.
Speaking at the same meeting, ACC Director of Corruption Prevention Zondwayo Soko, who was
standing in for the Director General, said the Commission was pleased that LASF was coming on
board to set up an Integrity Committee.
Mr. Soko said that the pension industry was a very important component of the economy and as
such was highly prone to cases of bribery and corruption. He emphasised that the ACC was just a
secretariat for National Anti Corruption Policy which was a Government initiative chaired by the
Secretary to the Cabinet.
He said that integrity committees were important in both private and public organisations as they
helped in spearheading the prevention of corruption and maladministration. The objective of
integrity committees was to be proactive rather than reactive to the fight against corruption.
Among the benefits of an institution having an integrity committee is that the image of that
organisation improves and also speeds up service delivery. Additionally, there are reduced
incidences of corruption, bribery as well as disciplinary cases.