NMG, Thaipat Institute jointly launch media transparency initiative
The "Media Industries Transparency Initiative" (MITI) aims to foster openness and accountability in news businesses. It also aims to establish standards for transparency and information disclosure in the media sector in order to boost the public trust and acceptance among stakeholders.
MITI is the first initiative under the Partnership Against Corruption for Thailand (PACT) network designed to expand anti-corruption practices throughout the supply chain of a specific industry.
The Thaipat Institute, an organisation dedicated to corporate responsibility, will be a convenor for the PACT, while NMG will be the media partner of the network.
Pipat Yodprudtikan, director of the Thaipat Institute, said the PACT network began its mission with the creation of an action-oriented platform. To be in line with internationally recognised principles and guidelines, the platform is designed to facilitate the implementation of anti-graft policies and measures in industry-specif?ic targets.
"The launch of the PACT network will be a major milestone in fighting against corruption in Thailand," he said, noting that opposing corruption had been made a hot issue by Thai society and put on the national agenda.
"We need to lay down a strong infrastructure at this moment to ensure that such anti-corruption practices will be successful," he said.
Pipat said the PACT network brought together business organisations and associations from various fields, including the media, retail, insurance and service industries, such as the financial and banking sectors, through their shared goal of combating corruption.
Under this network, they will pursue action-oriented guidelines and measures, from declaring their commitment to fight graft, to formulating anti-corruption mechanisms and processes in their organisations before expanding such practices further to their business partners and those within their supply chain.
"In the media industry, the border between editorial and business becomes blurred. It also allows investment groups to take control over the management of a media organisation and to have a certain level of impact on editorial work," Pipat said.
All listed companies and business organisations are welcome to join the PACT network. More information, including a how-to manual on "Anti-Corruption in Practice" launched by the Thaipat Institute, is available at http://www.pact.network.
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NMG, Thaipat Institute jointly launch media transparency initiative