Categories: SpeechesPublished On: 29/09/2020

A complimentary event exclusively for CFOs in public interest entities on Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009 (Amendment 2018)

Distinguished Guests, Ladies and Gentlemen

  1. Good morning and welcome to the CFO Circle virtual talk. Thank you all for joining us.
  2. Today is the 5th edition of our CFO Circle, an exclusive leadership platform that is intended to cater to the professional development needs of MIA’s members in senior management, who number about 2000 and make up around 8% of MIA’s Professional Accountants in Business (PAIB) category who accounts for about 65% of total MIA members. The CFO Circle is also intended to function as a high-level platform where you can share experience, learn from best practices and engage on issues and challenges affecting business and the profession. Importantly, the CFO Circle enables us to engage with our senior members and gather feedback that can be funnelled back to government, regulators and policymakers to enable business-friendly policy-making and governance.
  3. We will be focusing today on Adequate Procedures – Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009 (Amendment 2018), a subject that is highly challenging in terms of compliance and risks. Today’s complimentary event is exclusively for CFOs in public interest entities, as PIEs face higher expectations of good governance and increased risks in protecting the public interest.
  4. In response to popular demand from our CFO members, our virtual talk today features Mr Lee Min On, an Independent Director of several Main Market Listed Issuers and a former partner of KPMG Risk Consulting. Many of you would know of Lee Min On as a highly experienced and sought-after speaker and trainer on corporate governance and effective board oversight.
  5. Today, in addition to clarifying the current regulatory landscape with regards to Section 17A and the unavoidable impacts of COVID-19 and the new normal, Min On will also be sharing best practices and practical applications for implementing the “adequate procedures” necessary in your organisation. As the regulator of the accountancy profession, MIA has always upheld the stance that informed compliance backed by proactive regulation is the way to improve enterprise risk governance and protect the public interest.
  6. MIA will continue to organise more competency development programmes in the future, featuring leading subject matter experts. Once again, thank you for joining us and I wish you a productive webinar and a great day ahead.