Category: Corporate Secretarial

The Future of Corporate Compliance: Why CEOs Must Act Now

The Future of Corporate Compliance: Why CEOs Must Act Now

khushbuthakkar

In Southeast Asia’s fast-evolving business environment, corporate compliance has become more than a box-ticking exercise. It is a strategic enabler of growth, investor confidence, and long-term sustainability. As companies expand into regional hubs like Singapore and Malaysia, understanding the local nuances of statutory filings, Anti-Money Laundering (AML), Counter Terrorism Financing (CFT), Counter Proliferation Financing (CPF), data protection and governance can be the difference between scaling successfully and stumbling over regulatory hurdles.

“Compliance begins the moment a company looks to set up operations. From AML, CFT, or CPF obligations to timely statutory filings, every step shapes your company’s governance culture,” says Kevin Cho, Director of Corporate Secretarial, BoardRoom Singapore.

This article explores the growing importance of corporate compliance across Singapore and Malaysia, the challenges that businesses face, and how early, well-managed compliance supports sustainable expansion across the ASEAN region.

Why Corporate Compliance Matters in Southeast Asia

Economic integration across Southeast Asia means companies operating in multiple jurisdictions face increasingly complex compliance frameworks. Singapore and Malaysia — two of the region’s most dynamic markets — offer tremendous opportunities but demand high standards of corporate discipline and transparency. 

Corporate Compliance Challenges in Singapore 

According to Kevin, one of the most common challenges in Singapore is missing the Annual Return (AR) and AGM deadlines. “We often see companies delay the submission of audited financial statements or annual returns to ACRA. When clients fail to provide the necessary information and documents, it can delay statutory compliance and increase the risk of penalties for the company and its directors,” he explains. 

What the law says (Singapore): 

  • AGM deadline: Listed companies within 4 months of FYE; other companies within 6 months 
  • AR deadline: Listed companies within 5 months of FYE; other companies within 7 months 
  • Late lodgement penalties for AR: S$300​ (≤ 3 months late) or ​S$600 (> 3 months late) 

In Singapore, under the Companies Act 1967, companies are required to file Annual Returns and hold Annual General Meetings (AGMs) promptly. Late filings can result in penalties between S$300 and S$600, and persistent non-compliance may lead to prosecutorial action or even director disqualification. 

He adds that compliance challenges often extend beyond paperwork. “Another issue arises when we provide nominee director services. If a client becomes unresponsive or defaults on payment, our nominee directors remain legally responsible and cannot simply resign. This creates unnecessary risk for both the company and the appointed director.” 

Kevin also highlights that compliance starts at incorporation, particularly with AML, CFT and CPF obligations. “All companies are required to undergo Know Your Client (KYC) checks before onboarding. Customer due diligence ensures that beneficial owners, directors, and shareholders are properly screened against regulatory watchlists.”

He adds that governance continuity is another area that companies often overlook. “Frequent turnover of directors or key officers can lead to a loss of institutional knowledge and overlooked filings. This creates communication gaps with regulators and potential non-compliance with Singapore’s Companies Act. Businesses must maintain strong governance practices and proper corporate records.” 

Corporate Compliance Challenges in Malaysia

Meanwhile, in Malaysia, the Companies Act 2016 and the Companies Commission of Malaysia (SSM) set out similar obligations. “One of the most frequent issues we see is companies failing to lodge annual returns on time. This can result in fines or even being struck off the company register,” notes Tan Ai Ning, Director of Corporate Secretarial, BoardRoom Malaysia. 

What the law says (Malaysia): 

Public Companies:

  • AGM deadline: Within 6 months from the financial year end (FYE), and not more than 15 months from the date of the last AGM 
  • AR deadline: Within 30 days from the anniversary date of its incorporation date
  • Late lodgement fee for AR: RM150 to RM500 per document depending on the delay (ranging from more than 7 days to over 12 months late) 

Private Companies:

Private Limited Companies are no longer required to hold an AGM. Accordingly, the following will be subject to the Board’s approval:

  • Audited Financial Statements (“AFS”) 
  • Election of Directors 
  • Appointment and fixing of Directors’ fees and benefits payable
  • Declaration of dividend
  • Re-appointment of Auditors

However, the above is subject to the Constitution of the company.

In Malaysia, companies must prepare financial statements within six months of their financial year end and thereafter lodge these statements with SSM within 30 days of circulation to shareholders. Non-compliance may result in fines, compounded offences, or even deregistration, with repeated breaches risking director disqualification. 

She adds that SSM has announced a temporary waiver of late‑lodgement fees for certain MBRS 2.0 filings from 1 June to 30 September 2025, with a further extension from 1 October to 30 November 2025 to help businesses catch up. “Recently, SSM introduced a temporary strike off moratorium in 2025 for dormant companies, allowing directors of inactive or dormant companies to apply for striking off without fulfilling some requirements such as shareholder resolutions. During this period, companies may also receive up to a 95% reduction in outstanding penalties. But reliance on such measures is risky. Repeated non-compliance can still lead to deregistration.” 

Beyond filings, Ai Ning notes that Malaysian firms also face challenges related to AML/CFT compliance under Bank Negara Malaysia (BNM). “Some companies neglect ongoing customer due diligence or fail to report suspicious transactions, which exposes them to penalties under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). Conflicts of interest and insider trading are also rising risks, attracting scrutiny from the Malaysian Anti-Corruption Commission (MACC).” 

The Real Cost of Getting Compliance Wrong

Many businesses underestimate the true impact of poor compliance. While financial penalties may appear minor, the reputational and operational fallout can be far more damaging.

“Non-compliance doesn’t just attract fines,” says Kevin. “It can affect investor confidence, delay fundraising, or derail IPO plans. Regulators today look beyond basic filings to assess whether a company’s governance framework can support sustainable growth.”

In Singapore, a company’s Singapore Governance & Transparency Index (SGTI) score can influence investor perception, while in Malaysia, the Malaysian Code on Corporate Governance (MCCG) plays a central role in Bursa Malaysia’s listing requirements.

“We’ve seen companies face operational disruptions because of weak internal controls or inadequate board oversight. Once regulators or auditors flag governance gaps, it can take months to restore credibility. In some cases, companies lose opportunities for financing or partnerships simply because their governance practices aren’t mature enough.” Ai Ning adds.

She recalls one example: “A Malaysia-listed company faced a governance crisis when its external auditor failed to engage the audit committee properly. The lapse delayed financial statement releases and risked breaching Bursa Malaysia’s listing requirements. We stepped in, guided the board to make transparent regulatory disclosures, and helped appoint an independent audit team for a forensic review. This ensured timely announcements, restored compliance, and preserved stakeholder trust.”

This example demonstrate that corporate compliance in ASEAN is no longer just about avoiding penalties. It is about protecting reputation, maintaining investor confidence, and ensuring long-term business sustainability.

Why Early Compliance Supports Growth

For startups and high-growth firms, compliance may appear secondary to scaling or fundraising, but it should be embedded from the start. “Compliance gives investors confidence that a company operates transparently and is properly governed. It’s not just about obeying the law, it’s about earning trust,” says Kevin.

“In Malaysia, compliance is especially crucial for startups in regulated sectors like fintech or oil & gas. Non-compliance with SSM registration or BNM licensing can halt operations early. Conversely, strong compliance helps companies access government incentives, such as those from the Malaysia Digital Economy Corporation (MDEC), which require proof of good governance.” Ai Ning agrees.

Kevin notes that the same principle applies to IPOs or acquisitions. “A strong corporate governance framework builds confidence among investors, partners, and regulators. During IPO preparation, regulators review everything from financial statements and internal controls to disclosure practices. If these are not in order, the process can stall or fail entirely.”

In Malaysia, Ai Ning adds: “Robust governance is key for Bursa Malaysia listings. The MCCG emphasises board diversity, independent directors, and anti-corruption measures under Section 17A of the MACC Act. Companies with strong governance frameworks are better valued and more attractive to international buyers.”

Navigating Cross-Border Complexity

As companies expand across Southeast Asia, cross-border compliance has become a critical business priority. “Each country has its own regulatory framework. Cross-border transactions, such as fund transfers between subsidiaries or to a parent company, must comply with local laws. Maintaining robust cross-border compliance mitigates risk and instils confidence among stakeholders.” Kevin explains.

Ai Ning adds that this is particularly important for Singapore–Malaysia operations. “Cross-border data transfers must adhere to the Personal Data Protection Act 2010 (PDPA) and the latest guidelines from the Personal Data Protection Commissioner. For fund transfers or lending, companies must also comply with Bank Negara Malaysia’s capital flow regulations and anti-money laundering (AML) requirements.”

She emphasises that proactive compliance can facilitate smoother operations. “Initiatives like the Singapore–Malaysia Digital Economy Framework demonstrate how regulatory alignment can streamline trade and investment. Conversely, overlooking sector-specific rules such as carbon capture regulations in joint projects can trigger sanctions, fines, or operational delays.”

Key takeaways for cross-border compliance: 

  • Align fund transfers, lending, and capital flows with local banking and AML regulations.
  • Ensure personal data transfers comply with PDPA requirements in both jurisdictions.
  • Monitor sector-specific laws to prevent fines, operational disruptions, or reputational damage.
  • Leverage proactive compliance to enhance investor confidence and facilitate trade.

How BoardRoom Helps Companies Stay Compliant

Managing compliance across multiple markets requires both regional insight and local precision. BoardRoom’s integrated Corporate Secretarial Services help businesses simplify compliance obligations and focus on scaling with confidence.

“Our role goes beyond filing paperwork. We guide clients on corporate governance standards, update them on regulatory changes, and perform gap analyses to ensure practices meet local regulatory and governance requirements,” says Kevin.

In Singapore, this includes monitoring ACRA updates, AML/CFT obligations, and timely declarations of key controllers. In Malaysia, BoardRoom supports companies in transitioning to MBRS 2.0, the mandatory digital filing system effective from 2025. “We send regular compliance updates and follow up personally to ensure clients understand what’s required. Our goal is to prevent missed deadlines and overlooked regulations,” explains Ai Ning. BoardRoom also provides ongoing training for staff and clients to stay current with evolving regulations.

Through the One BoardRoom Advantage — a suite of integrated services spanning governance, accounting, tax, and payroll — companies enjoy a single point of accountability across the region, staying compliant while freeing up leadership to focus on growth.

Preparing for the Future of Compliance in Asia

Both Kevin and Ai Ning agree that the compliance landscape across ASEAN is becoming more digital, transparent, and data-driven. “The shift towards digital compliance means companies must be more agile and proactive. Technology will make it easier to stay compliant, but only if businesses adopt the right systems and maintain accurate records,” says Kevin.

In Malaysia, Ai Ning highlights the move to MBRS 2.0 and rising ESG expectations. “Companies that embed strong governance and ethics into their DNA will be the ones that attract long-term investors and partners.”

“Engaging a reputable corporate service provider early in the process makes all the difference. Don’t focus only on cost — prioritise expertise, governance standards, and reputation. A capable provider helps ensure compliance and supports your growth strategy in the region.” Kevin adds.

Building a Future-Ready Compliance Culture

Corporate compliance is the cornerstone of sustainable growth and investment readiness. For CEOs and directors expanding into Singapore and Malaysia, the message is clear:

  • Establish strong governance early,
  • Stay ahead of evolving regulations, and
  • Partner with experts who understand the intricacies of compliance in Asia.

“Ultimately, good compliance is good business. It builds trust, enhances value, and sets the foundation for long-term success,” Kevin concludes.

“For Malaysia expansions, working with local partners like BoardRoom is key to navigating SSM and BNM requirements, capital planning, and upcoming digital compliance shifts. Building the right foundation early helps avoid costly pitfalls later.” Ai Ning agrees.

To strengthen your compliance frameworks or expand confidently across ASEAN, explore BoardRoom’s Corporate Secretarial Services in Singapore and Malaysia, along with our regional support across Southeast Asia.

Corporate Governance Advisory Before Annual Return: What Boards Prioritise and Why It Matters

Corporate Governance Advisory Before Annual Return: What Boards Prioritise and Why It Matters

khushbuthakkar

AGM Season Preparation: Why Companies Engage Early and the Checklist to Lock in Operational Readiness

For listed and large private companies in Singapore, the Annual General Meeting (AGM) is a legal requirement under the Companies Act 1967 and a key governance event that demonstrates how well a company manages shareholder communication, voting control, and meeting records.

Operational issues at the AGM rarely start on the day itself. They tend to originate through incomplete preparation, unclear ownership, or weak control design. Companies that engage early with AGM service providers and internal stakeholders reduce these risks and improve the defensibility of meeting outcomes.

This guide outlines what AGM management services cover, what companies should prepare early, and which controls support a clean, well-documented process from registration to final results.

What AGM Management Services Cover

An AGM requires coordinated execution across corporate secretarial, legal, finance, investor relations (IR), share registry functions, and specialist meeting-day providers. Depending on scope, AGM service providers may support registration, proxy handling, vote counting, electronic polling, meeting-day operations, and results reporting.

Scope must be defined early. Companies should avoid assuming that providers cover all activities, particularly where responsibilities shift between registry functions and on-site meeting operations. Any ambiguity in handoff points introduces compliance and operational risk.

Effective AGM delivery depends on three conditions:

  1. Control over attendance, voting, and exceptions, with clear criteria and validation steps.
  2. Clear role definitions, decision rights, and escalation paths across all teams and vendors.
  3. Complete, traceable documentation from registration through scrutineer confirmation and final results.

Preparatory Actions for AGM Compliance

Preparation quality directly affects meeting outcomes. Issues that surface during the AGM on the day usually stem from earlier data, ownership, or documentation gaps.

Shareholder data

Companies must confirm the accuracy of shareholder lists, beneficial ownership data where applicable, voting rights, and eligibility cut-off dates. Errors at this stage affect registration eligibility, voting entitlements, and reconciliation. Close coordination with the share registry is essential to ensure that every system reflects a uniformly validated and compliant dataset.

Proxy handling

Proxy submissions are a frequent source of issues. Companies should define submission deadlines, acceptable formats, validation checks, and rules for handling duplicate or conflicting instructions.

Clear validation controls reduce disputes, prevent improper voting, and create an auditable record of how each vote or instruction was processed.

Resolutions and meeting materials

Resolutions must be finalised early and aligned across legal, finance, and board stakeholders. Supporting documents should be consistent with shareholder communications and reflect the final approved wording.

Misalignment at this stage creates confusion during voting and heightens challenge risk.

Ownership and escalation steps

Clear ownership expedites decision-making and reduces operational drag. Companies should identify decision-makers for each process step, establish escalation thresholds, and document primary contacts across all teams. Early alignment prevents delays and allows faster response during high-pressure moments.

Meeting Controls that Matter Most

Meeting-day execution must reflect the discipline applied during preparation. Even when the data is correct, weak controls reduce confidence in voting outcomes and expose the company to challenges.

Registration and attendance

Registration processes should verify the identity, confirm participant eligibility, and accurately classify participants as shareholders or proxies. Attendance tracking must be integrated with voting entitlements to ensure that only the validated participants vote.

Required attendance and meeting flow

The company must confirm quorum before commencing the meeting. The agenda should be followed closely with controlled sequencing and clear time management to avoid procedural ambiguity and deviation.

Exception handling

The common exceptions include disputed proxies, late submissions, misaligned voting rights, or technical issues. Pre-defined contingency procedures enable teams to respond quickly without compromising control integrity.

Voting Controls and Dispute Prevention

Voting is the most sensitive component of the AGM. Weak controls expose the company to disputes, reputational risk, and regulatory scrutiny.

For listed companies, voting processes must align with Singapore Exchange (SGX) Mainboard Rules. Controls should ensure accurate vote capture, validation against confirmed voting rights, and comprehensive audit trails that support post-meeting verification.

Electronic polling systems should be assessed for reliability, data security, authentication safeguards, and real-time reporting capabilities. System weaknesses can compromise tabulation accuracy and undermine confidence in results.

Scrutineering and Evidence Pack Discipline

Independent scrutineers provide external assurance that vote counting was conducted correctly and in accordance with procedures. Their responsibilities include reviewing counting methods, validating tabulated results, and confirming procedural compliance.

Companies should treat the evidence pack as a core governance deliverable, and a complete one generally includes:

  • Attendance logs
  • Proxy records
  • Validation outputs
  • Polling system reports
  • Reconciliation records
  • Scrutineer confirmations
  • Exception logs
  • Final results documentation

These records support announcements, internal review, regulatory queries, and future audits. A well-constructed evidence pack also strengthens the company’s defensibility in the event of queries or disputes.

Vendor Readiness Checklist

Before peak AGM season, companies should confirm the readiness of each provider. Key points include:

  • Defined service scope and documented handoffs
  • Responsibilities matrix with decision rights
  • Tested meeting workflows, controls, and systems
  • Reviewed contingency and exception-handling procedures
  • Confirmed support coverage and escalation paths

These checks help companies differentiate between providers that simply execute tasks and those that support a controlled, risk-managed AGM environment.

Post-Meeting Deliverables

The AGM process continues after the meeting concludes. Companies should receive the final voting results, the scrutineer reports, exception summaries, and a consolidated activity record.

Follow-up actions such as statutory filings, SGX announcements, and shareholder communications must be completed promptly and accurately.

All records should be securely archived as part of the company’s broader governance and audit framework. Integration with corporate secretarial services ensures that meeting outputs align with statutory filing requirements.

Secure Your AGM Readiness

A well-run AGM depends on early engagement, clear ownership, strong controls, and complete documentation. Companies that start preparations early are better positioned to manage peak-season pressure, reduce operational risk, and deliver a transparent and defensible governance process.

BoardRoom supports companies with structured AGM preparation, disciplined execution, and evidence-led processes across registry, governance, and compliance workflows. Our integrated approach helps ensure consistency, control, and regulatory alignment at every stage of the meeting lifecycle.

If your organisation is preparing for AGM season, contact us to discuss how our specialist team can support your end-to-end AGM management needs. Early engagement provides an efficient pathway to stronger controls and a smoother, more reliable AGM delivery.

Company Registration in Malaysia: A Guide on the Sdn Bhd Process

Company Registration in Malaysia: A Guide on the Sdn Bhd Process

khushbuthakkar

Company Registration in Malaysia: A Guide on the Sdn Bhd Process

In Malaysia, there are several types of businesses that entrepreneurs can set up, depending on the size, industry and legal structure. The process of company registration in Malaysia marks a critical transition from entrepreneurial concept to a formalised legal entity. For founders, finance leads, and overseas owners, the most common structure for commercial activity is the Sendirian Berhad (Sdn Bhd), a private company limited by shares. This structure provides a separate legal personality, meaning the company can own property, enter contracts, and sue or be sued in its own name, distinct from its shareholders.

Establishing a Sdn Bhd involves strictly defined statutory obligations governed by the Companies Commission of Malaysia (SSM), the national regulatory body responsible for corporate regulation and SSM registration. Digital portals such as the Malaysian Corporate Identity (MyCoID) platform have made filings accessible. However, incomplete documentation or mismatched details often cause avoidable delays.

This article outlines a structured roadmap for company setup and incorporation to ensure a seamless entry into the Malaysian market and how to avoid the most common pitfalls.

Sdn Bhd vs Limited Liability Partnership (LLP): How to Pick the Right Structure

Selecting the appropriate business structure is the first step in the registration journey. While several options exist, the choice typically narrows to a Sdn Bhd or a LLP.

  • Sdn Bhd: Ideal for businesses planning to scale, raise external capital, or engage in cross-border activity. It supports multiple shareholders and aligns with Malaysia’s standard corporate governance and audit expectations.
  • LLP: Often preferred by professional partnerships or small ventures seeking a lighter administrative structure while still benefiting from limited liability protection. LLP is a hybrid of partnership and limited companies, providing limited liability to their partners.

Stakeholders must evaluate their long-term funding requirements, the complexity of their intended governance, and their comfort level with mandatory audit and reporting expectations before deciding between the two. For scaling private groups and international businesses, the Sdn Bhd offers clearer advantages in mitigating compliance risk.

Pre-Submission Requirements for Sdn Bhd Registration

Planning ahead is the most effective way to minimise delays during company registration via MyCoID. Several components must be finalised before accessing the portal, such as:

  1. Company Name: Applicants should prepare at least three name options in order of preference. Rejections typically occur when names:
    • Duplicate existing entries
    • Contain prohibited or restricted words
    • Are considered misleading or offensive

    SSM provides an online name search facility to check on name availability.

  2. Business Activity: Provide a clear description aligned with the Malaysia Standard Industrial Classification (MSIC) codes. Misaligned codes often trigger manual reviews.
  3. Registered Office: Every company must have a Malaysian registered office where statutory records are maintained. This is often the address of the appointed company secretary.
  4. Capital Structure: The initial share capital must be defined, including the number of shares and the price per share. The minimum capital requirement for private limited companies is RM1.

Founders must also decide whether to adopt a specific constitution. Under the Companies Act 2016, a company may choose not to have a constitution, in which case the Act itself governs the internal management. However, for companies with complex shareholder agreements, a bespoke constitution is often essential.

Key Incorporation Requirements and Statutory Roles

The SSM mandates specific roles that must be filled at the point of incorporation or shortly thereafter.

  • Directorship: A Sdn Bhd must have at least one director who ordinarily resides in Malaysia. Directors are responsible for the management of the company and ensuring compliance with statutory requirements.
  • Shareholders: At least one shareholder is required, either an individual or a corporate entity.
  • Company Secretary: The appointment of a qualified corporate secretarial professional is a mandatory requirement under the law who must be appointed within 30 days from the date of incorporation. The secretary acts as the primary liaison with the SSM and ensures that the board adheres to governance standards.

For multinational or multi-stakeholder setups, it is advisable to clarify internal approval rights (e.g., founder vs. finance head vs. overseas parent) to avoid mid-submission bottlenecks.

Step-By-Step Flow in MyCoID

The MyCoID User Manual outlines the electronic process for SSM registration and incorporation. The workflow generally follows these stages:

  1. Account Creation: The applicant or their agent must register a MyCoID account and verify their identity.
  2. Name Search: The system performs a real-time check to ensure the proposed name is available for reservation.
  3. Incorporation Submission: The user enters the details of directors, shareholders, and business activities.
  4. Document Upload: Scanned copies of identity documents (NRIC or Passport) and any necessary declarations are uploaded.
  5. Payment: The incorporation fee is paid via the portal, and the system generates a transaction receipt.

Upon approval, SSM issues the Notice of Registration, which serves as conclusive evidence that the company is formally incorporated.

Typical Timeline and What Affects Speed

Company registration can be completed within three to five business days under optimal conditions. Processing speed depends on:

  • Accuracy and consistency of submitted data
  • Clean, legible documents
  • Pre-confirmed shareholder details and signatures

Conversely, factors that commonly slow down approvals include:

  • Name rejections
  • Identity or address mismatches
  • Missing statutory declarations or uncertified foreign documents

Efficient internal planning, especially for overseas shareholders, significantly expedites the incorporation process.

Common Delays and How to Prevent Them

Incorporation hurdles are predictable and preventable.

  • Name Rejection: Occurs due to conflicts with existing names or trademarks. Conduct a preliminary search before submitting as a preventive measure.
  • Identity and address mismatches: MyCoID details must perfectly align with the supporting identification documents (e.g., spelling, punctuation, passport number, etc.).
  • Overlooked foreign requirements: Foreign shareholders may require notarised or apostilled documents. Missing certification is a frequent source of delays.
  • Incomplete shareholding data: Percentages must sum to exactly 100% and remain consistent across all submissions.

A robust pre-submission checklist helps ensure that the company registration process proceeds without interruption.

After Incorporation Checklist

The first 30 days following incorporation are critical for establishing a baseline of compliance.

  • Secretary Appointment: Formally appoint the company secretary within 30 days of incorporation if they were not named in the initial application.
  • Statutory Registers: Set up the Register of Members, Register of Directors, and other mandatory records.
  • Bank Account Opening: Use the Notice of Registration to initiate the opening of a corporate bank account, a process that may require a board resolution.
  • Filing and Discipline: Establish a secure digital folder structure and a compliance calendar to track upcoming annual return and financial statement deadlines.

Some of the licences and permits entrepreneurs need to take note of are:

  • Business Premise Licence and Signboard Licence: For businesses that operate from a physical location, it is mandatory to obtain a business premise licence from the local government.
  • Company and Employee Income Tax Registration: Once the employer has been registered and issued a TIN, they must comply with various tax obligations.
  • Employee Provident Fund, Social Security Organisation and Human Resources Development Fund: Employers in Malaysia are required to make monthly contribution to the EPF, SOCSO and HRDF on behalf of their employees. EPF contributions are mandatory for employees are below 60 years old, while SOCSO contribution are mandatory for all employees.

Strategic Incorporation and Compliance with BoardRoom

While the appointment of a company secretary is a mandatory statutory requirement, BoardRoom provides a far more comprehensive solution, offering essential strategic governance, transparency, and risk mitigation.

To navigate the complexities of the Malaysian regulatory landscape, stakeholders benefit from professional guidance to ensure their entity remains in good standing from the outset. For tailored assistance with your regional expansion, contact BoardRoom to speak with a specialist.

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Digital-Driven Boardroom Governance: Strategies for Smarter Leadership and Decision-Making

Digital-Driven Boardroom Governance: Strategies for Smarter Leadership and Decision-Making

khushbuthakkar

Digital-Driven Boardroom Governance: Strategies for Smarter Leadership and Decision-Making

Across Malaysia, the landscape of corporate leadership is undergoing a profound shift. Boardrooms are no longer confined to physical meeting spaces filled with printed papers. Today, directors operate in a dynamic environment shaped by technology, data, and increasing regulatory complexity.

The rise of governance digital transformation is redefining how board members collaborate, make decisions, and uphold accountability. But it is not simply about using new tools, it is about reshaping the way boards think, act, and lead.

For Malaysian companies, this shift is being driven by two key forces: regulatory change and digital innovation. New frameworks such as the Malaysian Business Reporting System (MBRS) and Bursa Malaysia’s Centralised Sustainability Intelligence (CSI) platform require boards to submit reports digitally, enhancing transparency and efficiency. At the same time, technologies such as artificial intelligence (AI), secure board portals, and real-time analytics are enabling smarter, faster, and more strategic governance.

Samantha Tai, CEO of BoardRoom Malaysia and the Managing Director Asia, Corporate Secretarial, explains, “To remain competitive and lead organisations toward a future-ready path, Boards must evolve beyond traditional governance models. Effective governance today requires embedding technology at the core of oversight, strategy, and risk management. Now is the time for Boards to view digital transformation not merely as an adaptation imperative, but as a governance enabler that fosters greater agility, purpose, and foresight. Equipping Boards with AI knowledge through targeted briefings can further help Directors better understand emerging implications, discharge their fiduciary duties effectively, and assess the adequacy of governance structures, including Board skills matrices.”

This reflects how corporate governance in the digital age is shifting from compliance-driven to strategy-driven leadership, where technology becomes an enabler for smarter, faster, and more transparent decision-making.

Why Digital Transformation Matters for Boards in Malaysia

The limits of traditional board practices

Many Malaysian boards continue to rely on manual, paper-heavy processes. These traditional approaches often cause inefficiencies, create risks, and limit the board’s ability to make timely decisions.

Common challenges include:

  • Time-consuming preparation: Compiling and distributing physical board packs can take days.
  • Information gaps: Delayed updates make it hard to access the latest financial, ESG, or risk information.
  • Security risks: Printed materials and email attachments expose companies to confidentiality breaches.
  • Slow decision-making: Fragmented communication channels reduce agility during critical discussions.

In an era where regulatory compliance and investor expectations evolve rapidly, these traditional methods can no longer keep up.

How governance digital transformation creates value

Digital transformation governance modernises these outdated practices by introducing secure, integrated digital tools that make board operations more efficient, transparent, and strategic.

For example, Board meeting solutions from BoardRoom offer an all-in-one solution for managing board and executive meetings. This integrated solution simplifies every stage of the process from agenda preparation and board pack distribution to digital approvals and compliance tracking while combining professional corporate secretarial support with a robust, secure meeting management system.

Board Portal Features include:

  • Real-time document updates and version control
  • Drag-and-drop board pack agenda builder
  • Reusable agenda templates
  • Auto PDF conversion and file merging
  • Multifactor Authentication, Role-based access, and Auto Purge for added security
  • Built-in voting, Review Rooms, and integrated e-signature capabilities

BoardRoom’s expert Corporate Secretarial Support further enhances governance by helping boards:

  • Ensure full compliance with governance and regulatory requirements
  • Conduct thorough documentation and agenda reviews
  • Provide end-to-end support for board and committee meetings
  • Minimise risk and improve overall board effectiveness

Through this centralised meeting management platform, boards gain:

  • Enterprise-grade security to protect sensitive information
  • A full audit trail for transparency and accountability
  • 24/7 access to meeting materials from any location
  • Streamlined preparation tools that save time and reduce administrative workload

When boards adopt such integrated governance digital transformation solutions, they gain more than just convenience. They gain clarity, speed, and confidence in decision-making. This combination of technology and expertise empowers boards to collaborate effectively, comply confidently, and govern with foresight in a rapidly evolving digital environment.

The Smarter Way Forward into a Digitally Enabled Future

While digital transformation is a global movement, in Malaysia it is being accelerated by two regulatory cornerstones that are reshaping how boards operate: the Malaysian Business Reporting System (MBRS) and Bursa Malaysia’s Centralised Sustainability Intelligence (CSI) platform.

Malaysian Business Reporting System (MBRS)

The MBRS, managed by the Companies Commission of Malaysia (SSM), mandates the digital submission of annual returns and financial statements. This shift eliminates manual filings, reduces errors, and enhances transparency. For boards, the implications are clear: directors must ensure that reporting processes are accurate, timely, and fully compliant. By adopting digital governance platforms, boards can automate submissions, maintain audit trails, and reduce the risk of penalties, while freeing up time to focus on strategic oversight.

Bursa Malaysia’s Centralised Sustainability Intelligence (CSI) Platfor

The CSI platform requires Bursa-listed companies to disclose their ESG and sustainability data through a centralised digital system. This not only standardises reporting but also increases visibility for investors and regulators. For boards, CSI is more than a compliance exercise, it is a chance to demonstrate leadership in sustainability. By integrating ESG dashboards and analytics into board discussions, directors can track progress in real time, identify risks early, and align sustainability goals with long-term corporate strategy.

From Compliance to Strategic Advantage

Together, MBRS and CSI are more than regulatory requirements — they are catalysts for governance transformation. Boards that embrace these platforms proactively can move beyond “box-ticking” compliance to strategic governance, where digital reporting becomes a tool for smarter decision-making, stronger investor confidence, and long-term value creation.

Key Strategies for Smarter Board Leadership in Malaysia

1. Use secure digital platforms for meetings and communication

Board members need reliable tools to communicate and collaborate securely. Modern board portals provide 24/7 access to board papers, minutes, and reports — all in one centralised platform.

When combined with professional corporate secretarial support, these digital meeting solutions do more than reduce administrative workload. They strengthen governance by ensuring that every stage of the board process — from agenda preparation to approvals — is streamlined, compliant, and transparent.

Advanced features such as electronic signatures, real-time voting, and integrated collaboration tools make meetings faster and more efficient, while enterprise-grade security safeguards sensitive information.

This seamless integration of people, process, and technology lies at the heart of governance in the digital age. By transforming routine administrative tasks into strategic opportunities, boards can focus on less paperwork and more on purposeful leadership.

2. Use dashboards and data for better decision-making

In today’s digital era, data is the foundation of effective governance. Real-time dashboards and analytics tools empower directors with up-to-date insights on company performance, risk exposure, and sustainability progress.

With a single consolidated view of critical metrics, boards can identify trends early, evaluate risks with greater accuracy, and make evidence-based decisions rather than relying on assumptions.

Advanced solutions, including AI-powered dashboards can analyse ESG data, monitor regulatory changes, and even provide predictive insights. This proactive, data-driven approach strengthens accountability and equips boards with sharper oversight, ensuring decisions are both timely and strategic.

3. Stay compliant with Malaysia’s digital reporting rules

A central pillar of governance transformation is ensuring compliance with Malaysia’s evolving regulatory frameworks.

  • MBRS: Streamlines corporate filings by digitising the submission of annual returns and financial statements to the Companies Commission of Malaysia (SSM).
  • CSI: Provides a centralised platform for Bursa-listed companies to disclose ESG and sustainability data in a structured, transparent manner.

By automating and digitising compliance processes, boards can avoid filing errors, save valuable time, and stay aligned with Malaysia’s fast-changing governance standards. Beyond compliance, these digital platforms also enhance transparency and strengthen investor confidence.

4. Upskill directors in digital literacy

Digital literacy is now a core competency for effective board governance. Directors must be equipped to understand and oversee digital tools, cybersecurity risks, and emerging technologies such as AI.

Boards should invest in continuous learning through workshops, online courses, and peer-to-peer knowledge sharing. This not only builds digital confidence but also fosters adaptability in a rapidly evolving business landscape.

A digitally fluent board is better positioned to oversee innovation, manage digital risks, and lead with resilience. In essence, upskilling directors transforms governance from reactive oversight into proactive, future-ready leadership.

Building Future-Ready Governance Frameworks

From compliance to innovation

A truly effective board goes beyond compliance. Governance transformation enables directors to remain resilient, agile, and prepared for disruption. By embedding technology into governance frameworks, boards can lead change rather than merely respond to it.

Boards can strengthen their frameworks by:

  • Embedding digital and sustainability risks into enterprise risk management.
  • Forming digital or innovation committees to guide technology adoption and oversee emerging risks.
  • Applying compliance-by-design principles to ensure all innovations align with regulatory expectations from the outset.

This shift from compliance-driven oversight to innovation-led governance positions boards as proactive leaders in shaping organisational strategy.

Examples in Malaysia

Malaysian companies are already embracing digital-age corporate governance through initiatives such as:

  • Hybrid AGMs that enable secure virtual participation, digital voting, and transparent Q&A sessions.
  • Real-time ESG dashboards that provide up-to-date sustainability insights for CSI submissions.
  • AI-driven compliance tools that flag potential reporting issues before they escalate.

These examples demonstrate how governance transformation enhances efficiency, foresight and accountability, ensuring board decisions are grounded in facts and guided by purpose.

The Smarter Way Forward into a Digitally Enabled Future

For Malaysian boards, embracing digital governance is no longer optional — it is an essential step towards smarter leadership and sustainable growth.

Leveraging platforms such as MBRS and CSI, alongside secure board meeting solutions, allows boards to enhance transparency, strengthen compliance, and drive meaningful progress.

Boards that act decisively today will not only meet regulatory demands but also set new benchmarks for excellence in corporate governance in the digital age.

With BoardRoom’s expertise in corporate secretarial services and proven track record in governance transformation, organisations can lead with confidence, agility, and purpose — preparing for a future where strong governance and digital innovation go hand in hand.

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Corporate Tax in Malaysia: Turning Annual Tax Returns and Pre-Planning into a Strategic Advantage

Corporate Tax in Malaysia Turning Annual Tax Returns and Pre-Planning into a Strategic Advantag

Corporate Tax in Malaysia: Turning Annual Tax Returns and Pre-Planning into a Strategic Advantage

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For many Malaysian businesses, corporate tax filing is still treated as a routine, once-a-year compliance requirement – something to tick off a list – rather than a strategic lever for business performance. However, this traditional mindset is costing companies more than they realise.

When corporate tax in Malaysia is approached solely as an annual chore, organisations miss opportunities, risk inefficiencies, and are exposed to compliance pitfalls.

In Malaysia and across the region, the annual tax return process has transformed into a business-critical function in today’s regulatory environment. It’s no longer just about filing correctly; it’s about filing smartly. Strategic tax planning and proactive oversight can uncover cost savings and deliver sharper financial visibility to the executive team.

It’s time for finance leaders to elevate the tax conversation. In Malaysia, corporate tax should be treated not just as a back-office function but as a board-level priority with the power to shape enterprise value.

In this article, Eunice Hooi, Managing Director Asia, Accounting and Tax at BoardRoom Group and Victor Cheow, Tax Manager at BoardRoom Malaysia, explore how forward-thinking leaders can shift from compliance-first thinking to treating tax as a core part of business strategy to help unlock efficiency, minimise risk and enhance financial clarity.

An Overview of Corporate Tax in Malaysia

Malaysia’s corporate income tax regime is a central pillar of the country’s financial infrastructure. It is governed by the Inland Revenue Board (IRB) under the Income Tax Act 1967. The regime applies to both resident and non-resident companies, with resident corporations taxed on global income and non-residents taxed only on income sourced from Malaysia. However, many businesses still struggle to understand how to file company tax returns efficiently.

At a glance, here’s what companies need to know about the corporate tax rate in Malaysia:

Company Type Tax Rate
Resident Company (Standard) 24%
SME (First RM150,000) 15%
SME (RM150,001 – RM600,000) 17%
SME (Above RM600,000) 24%
Non-Resident Company 24%

Corporate income tax is charged on a wide range of earnings, from profits and dividends to royalties, rents and capital gains. All Malaysian-incorporated companies (Sdn Bhd) must file Form C within seven months of their financial year-end (FYE) and settle payment within eight months.

Here is an example based on the fiscal year ending on 31 December.

  • Fiscal Year-End: 31 December 2025
  • Form C Due: 31 July 2026
  • Tax Payment Due: 31 July 2026

It may sound straightforward, but changing regulations, manual data entry and missed deadlines often complicate the process. Missing these deadlines can trigger financial penalties and legal action, not to mention reputational risks. It’s important to remember that the due date isn’t the same for every company, and your business’s deadline is determined by its classification.

While these obligations may seem procedural, they’re far more than a compliance checkbox. As Victor explains, “Executive leaders should pay close attention to tax because it’s about reputation management. Tax issues can damage trust with stakeholders and investors. And because tax spending is a business strategy, it affects strategic decisions like mergers, acquisitions, and investment.”

In other words, modern corporate tax planning isn’t just about staying compliant; it’s a governance issue that directly impacts operational integrity and long-term value creation.

Companies winding down operations must also consider how to close a company tax file in Malaysia. This involves finalising tax obligations, filing outstanding returns and notifying the IRB, a process that, if mismanaged, can lead to lingering liabilities and legal issues.

The Hidden Costs of Traditional Tax Filing

Traditional tax workflows may appear reliable on the surface, but beneath that familiarity lies a series of inefficiencies that quietly erode business value. For C-suite leaders, the hidden costs of legacy processes are becoming too significant to ignore. Manual systems, siloed communication, and reactive planning drain resources and expose companies to compliance risks, missed tax savings, and strategic blind spots.

“In Malaysia, traditional workflows are often built around manual processes: filling out physical forms for updates, managing fragmented communications, and dealing with a lack of automation,” Victor says. “These inefficiencies weigh heavily on finance teams and increase the risk of costly errors.”

The Risks of Reactive Tax Planning

A key vulnerability is the failure to plan. Waiting until the corporate tax filing deadline to address tax obligations is a reactive approach that limits optimisation opportunities. When companies only act when required to file corporation tax, they miss strategic tax deductions and risk penalties and can even face cash flow issues due to poor forecasting.

“Reactive tax planning leads to short-term thinking, which can cause companies to overlook savings opportunities,” says Victor. “It also creates operational inefficiencies and heavier administrative burdens. If finance teams aren’t current on new reporting or e-invoicing rules, that can trigger fines or penalties.”

The impact of traditional tax handling extends beyond finance. Disconnected tax processes create friction across legal, compliance and operational systems. Each department may operate on outdated or incomplete information, slowing decision-making and increasing regulatory exposure.

In today’s complex business environment, a fragmented approach to tax is no longer sustainable. Executives must demand systems and processes that support integration, transparency and foresight.

Strategic Tax Filing: A New Lever for Growth, Governance and Efficiency

Forward-looking companies in Malaysia no longer view taxes as a compliance function. Instead, they’re turning their corporation tax return process into a strategic tool to improve efficiency and support business growth.

“The real shift is in mindset,” Eunice explains. “Tax should no longer be seen as a year-end task. It needs to be embedded in business planning. Every strategic decision, from cross-border expansion to supply chain changes, carries tax implications. Finance leaders must move from just meeting deadlines to leveraging tax data for informed decisions.”

This strategic approach to corporate tax filing allows organisations to stay ahead of regulatory requirements, giving them sharper financial visibility and the ability to identify cost-saving opportunities throughout the year.

A core benefit of strategic tax planning is discovering how to reduce corporation tax through early detection of incentives, deductions, and rebates often missed during last-minute filings.

“If we stop treating tax as a once-a-year activity,” adds Victor, “we can identify incentives early, optimise deductions and improve cash flow through better tax estimation and planning.”

A properly executed tax strategy can:

  • strengthen governance by ensuring full compliance with Malaysian tax regulations
  • enhance efficiency through automated workflows that reduce human error and administrative burden
  • improve agility and insight t with real-time tax data feeding into forecasting and financial planning
  • unlock savings by identifying how to reduce tax through timely deductions, incentives and informed decision-making.

 

One example is a regional retail group that partnered with BoardRoom to optimise its tax structure. BoardRoom’s tax specialists identified inefficiencies within the client’s group setup and implemented a more tax-efficient holding company model. Through strategic restructuring and cross-border tax planning, the client achieved a 15% reduction in its overall tax burden while improving governance and maintaining full compliance across multiple jurisdictions.

Another example is e-invoicing in Malaysia. With Malaysia’s e-invoicing mandate, traditional paper-based processes are being replaced with automated, digital invoicing. Implemented with cloud accounting systems, businesses can now have real-time visibility into their financial data. Beyond just improving operational efficiency, e-invoicing empowers companies to make strategic tax planning decisions with up-to-date transactional data. This real-time data capability also improves cash flow forecasting, strengthens audit readiness and reduces tax compliance risks. With digitalisation, companies can move from reactive tax filing to proactive, data-driven financial and tax strategy.

Outsourcing to a trusted corporation tax service provider like BoardRoom brings additional advantages. With deep technical expertise and a proactive approach, BoardRoom helps companies stay compliant, avoid penalties (like the 10% penalty when actual tax payable exceeds the estimated amount by more than 30%) and reduce overhead costs. Rather than maintaining an in-house team and absorbing the associated costs of salaries, training and software, companies gain access to a full-service tax function while keeping internal resources focused on growth.

By partnering with BoardRoom, businesses gain a strategic ally that helps elevate tax to a C-suite priority that actively contributes to resilience and performance.

Rethink Tax: From Obligation to Opportunity

As the regulatory landscape evolves, the way businesses approach corporate tax in Malaysia must evolve with it. The traditional view of tax as a once-a-year compliance task is no longer sufficient. Today, your corporation tax return can and should be a tool for strategic advantage.

With the right corporate tax planning services, companies can reduce risk, improve cash flow and strengthen governance. Whether through automation, real-time insights or cross-functional alignment, proactive corporate tax planning strategies unlock real business value. Partnering with an expert corporate service provider ensures you’re filing on time and making informed, forward-looking decisions.

It’s time for leaders to shift the tax function from the back office to the boardroom.

Ready to turn compliance into a competitive edge? Contact BoardRoom for trusted, strategic tax solutions to support smarter decisions at every level.

SSM Crackdown: Ensure Annual Return Compliance

SSM Crackdown Ensure Annual Return Compliance

SSM Crackdown: Ensure Annual Return Compliance

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The Companies Commission of Malaysia (SSM) has recently intensified its enforcement of annual return compliance regulations. This development has serious implications for all companies operating in Malaysia, especially those that have not kept up with filing obligations for their company annual return, Audited Financial Statements (AFS), and Ultimate Beneficial Ownership (UBO) declarations.

Many organisations are still unaware of how important it is to meet statutory deadlines. Yet, inaction now could cost more than just fines; it could lead to the suspension of your company secretary’s licence or the striking off of your company from the register.

If your business is not yet compliant, it is essential to act immediately. With the right corporate governance support, such as the expertise provided by BoardRoom Malaysia, your company can align quickly and effectively with all of Malaysia’s annual return requirements before enforcement actions begin.

What Is Driving SSM’s Crackdown?

Low Compliance Rates Among Malaysian Companies

Despite clear regulatory obligations, a significant number of companies continue to overlook or delay their annual return submissions in Malaysia. This widespread non-compliance has triggered the SSM’s heightened surveillance and zero-tolerance approach.

Stricter Enforcement Timeline

SSM has made it clear that submitting company annual return filings and related documents is no longer an administrative task to be taken lightly.

SSM has outlined a phased enforcement plan:

  • July 2025: Show-cause letters to non-compliant company secretaries.
  • August 2025: Issuance of compounds under Section 259(1) of the Companies Act 2016.
  • Post-September 2025: Full enforcement actions

Late or inaccurate filings will be treated as serious non-compliance issues, subject to legal penalties.

Who Is at Risk?

Company secretaries may face licence suspension if the entities under their care persistently fail to meet their statutory responsibilities. Likewise, directors are personally accountable for ensuring that their company complies with all requirements, including the timely submission of the company’s annual return and AFS documents.

Dormant Companies Are Not Exempt

Many businesses mistakenly assume that dormant or inactive companies are exempt from these filing obligations. However, unless the company has been formally struck off or liquidated, it must still submit its annual return documentation annually. Ignoring this can lead to penalties and administrative complications.

SSM’s Moratorium Until 30 September

Recognising the need for a transitional period, SSM has granted a temporary moratorium until 30 September 2025. During this time, companies have a limited window of opportunity to rectify non-compliance issues for eligible applicants before tougher enforcement action begins.

Risks of Non-Compliance

Failing to meet annual return compliance obligations can trigger multiple issues, extending beyond monetary penalties.

Financial Penalties

Every day of delay increases the fines and compounds the risk. Over 36,000 fines were issued in 2024 alone, with the majority related to late AR submissions. Such delays can turn into costly compliance issues, particularly if left unaddressed for months or years.

Public Reputational Damage

Compliance records are public. Late or missing filings reflect poorly on your business’s reliability, governance, and transparency. Investors and business partners are less likely to trust organisations with inconsistent corporate practices.

Operational Disruption

Non-compliance may prompt an investigation or result in your company being struck off the SSM register. This can significantly impact your ability to operate, conduct business, or access financing.

How to Ensure Annual Return Compliance

How to Ensure Annual Return Compliance

In this environment of stricter oversight, businesses must prioritise accuracy, timeliness, and transparency in their filings.

Here are steps you can take immediately to protect your business:

Take Immediate Measures

Conduct a full compliance review by evaluating the current status of your company’s filings. Ensure that your company’s annual return, AFS, and UBO declarations are up to date. If any documents are missing or overdue, submit them before the moratorium ends.

Implement Annual Return Reminders

Create a structured compliance calendar. Use digital tools to automate your annual return reminder system and track key deadlines. This reduces the risk of human error and makes year-round compliance easier.

If you are working with multiple entities or subsidiaries, a centralised system for annual return reminders can help you to avoid gaps in compliance across different company structures.

Engage with a Trusted Compliance Partner

Navigating these statutory filing requirements internally can be time-consuming, resource-intensive, and likely to result in mistakes. Collaborating with a professional services provider like BoardRoom ensures that all legal obligations, including annual return compliance and timely financial statement submissions, are met accurately and efficiently.

By partnering with an experienced provider, you not only receive timely annual return reminders, but also gain peace of mind knowing that your company’s annual return obligations are managed in line with SSM’s AR Malaysia framework.

With a trusted compliance partner, your internal team can remain focused on core operations while regulatory professionals handle the complexity of Malaysia’s annual return requirements and other SSM submissions.

Annual Return Compliance in Malaysia – How BoardRoom Can Help

Annual return compliance in Malaysia requires coordination across both corporate secretarial and accounting functions. Our team ensures that your annual filings, from statutory returns to financial statements, are accurate, timely, and fully compliant with SSM requirements.

If your organisation has dormant or inactive entities, leaving them idle can increase compliance risks and add unnecessary administrative costs. Properly closing such companies through strike-off or voluntary liquidation helps streamline operations and strengthens your group’s overall compliance status.

Whether your business is active or no longer operational, we provide end-to-end support for both corporate secretarial and accounting compliance, including:

  • Preparing and finalising Audited Financial Statements (AFS) and converting to XBRL for MBRS submissions
  • Filing Annual Returns and updating Beneficial Ownership (BO) details
  • Ensuring timely and accurate submissions across all SSM corporate secretarial and accounting compliance requirements
  • Advising on and executing company strike-offs or Members’ Voluntary Winding Up (MVWU) for dormant entities

By partnering with BoardRoom, you gain the assurance of full annual return compliance across both secretarial and accounting obligations, while reducing the strain on your internal resources.

Act Now to Secure Compliance

Now is the time to act. With the SSM moratorium ending on 30 September 2025, the risk of non-compliance is increasing daily. Financial penalties, operational disruptions, and reputational damage are all avoidable if you act early.

Whether you need help filing your company’s annual return, ensuring your AR records are up to date, or closing dormant entities that no longer serve a purpose, BoardRoom is here to support you.

Our experienced team is ready to help you stay compliant with all aspects of Malaysia’s annual return regulations from timely submissions to strategic advice on corporate restructuring.

Reach out to us today to get expert support and complete peace of mind.

The Role Of A Company Constitution In Corporate Governance

The Role Of A Company Constitution In Corporate Governance

The Role Of A Company Constitution In Corporate Governance

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A company constitution is a foundational document that outlines the governance structure of a business. It serves as a legally binding agreement between the company and its internal members, defining shareholder rights, the appointment and powers of directors, meeting procedures (such as AGMs and EGMs) and rules on amending the constitution. A company constitution ensures that the company operates according to the shareholders’ intentions, enhancing governance practices and providing flexibility in decision-making and control.

While Malaysia’s New Companies Act 2016 allows new companies to rely on the Act for governance, a tailored constitution remains valuable and critical in some cases. A company constitution provides clearer control over internal operations, helping companies address unique needs beyond standard laws. Existing companies with constitutions – formerly called the Memorandum and Articles of Association – should keep them updated to ensure ongoing compliance.

In this article, we explain exactly what the constitution of a company is in corporate governance and highlight how BoardRoom can assist in maintaining an up-to-date constitution.

The Importance Of A Company Constitution In Corporate Governance

So, what is a company constitution? A company constitution is a crucial legal framework that governs the relationships between the company, its directors and its stakeholders. It aligns with corporate governance principles by establishing clear fiduciary duties for directors, ensuring they act in the best interests of the company and its shareholders.

Tan Ai Ning, Director, Corporate Secretarial at BoardRoom Malaysia says, “The company’s constitution is like a contract regulating how the stakeholders want the company to be governed.”

By outlining the rights and obligations of all parties, the constitution promotes transparency and accountability.

In addition, the constitution protects shareholder rights, allowing for customised governance rules that go beyond statutory requirements. Generally, provisions in a Constitution should not provide more stringent requirements than legal requirements (if there are already specific requirements in Companies Act 1965 unless provided therein).

This flexibility empowers shareholders and mitigates risks by clarifying decision-making processes.

A company constitution also plays a vital role in managing relationships among stakeholders. It regulates critical decisions regarding shareholder voting rights, board composition and governance policies, providing peace of mind to directors and shareholders alike.

Ai Ning says, “These internal regulations are good to have so that they govern the management of the company. These regulations facilitate smoother interactions with authorities and aid in licensing matters.”

Why Is A Regular Review Of The Company Constitution Necessary?

With the business landscape continually evolving, regular reviews of a company’s constitution are necessary to ensure it remains compliant with changing laws. As regulations change, companies must adapt their governing documents to reflect these shifts and maintain legal compliance.

Ai Ning highlights the recent amendments to the Companies Act that mandate the disclosure of beneficial ownership. She explains that, while this requirement is government-mandated, including a declaration clause within a company’s constitution provides an additional governance framework. This clause establishes a clear set of rules for directors and future owners, such as during mergers or acquisitions, to ensure consistent compliance. By embedding these guidelines into the constitution, companies strengthen their governance practices and demonstrate a proactive approach to regulatory compliance requirements.

In addition to legal compliance, businesses often face changes in their operating environment that necessitate a review of their constitution. These may include adopting new electronic signatures practices for passing resolutions, which contrasts with the traditional ink signatures practices specified in older constitutions.

“We need to keep up-to-date and relevant in light of the new business environment,” Ai Ning adds.

The question remains: does a company constitution need to be signed? This is one area where specific requirements can vary by jurisdiction, so it’s important to consult a corporate secretary familiar with local laws, such as BoardRoom, to ensure compliance.

Changes that may require an update to a company’s constitution may also arise from expansions into new markets, shifts in ownership structures or alterations in corporate strategy.

Furthermore, regular reviews can prevent potential conflicts among stakeholders by clarifying roles, responsibilities and procedures. For instance, as companies grow, their governance needs may evolve, requiring updates to provisions concerning board composition, decision-making processes or shareholder rights.

By proactively reviewing and updating the constitution, companies can mitigate risks and ensure that their governance framework remains effective and aligned with best practices.

Review Of Company Constitution

Consequences Of An Outdated Company Constitution

An outdated company constitution can lead to significant legal and compliance risks, conflicts and disputes among stakeholders. One critical area where ambiguity can arise is in the context of donations. Ai Ning explains that while charitable donations may appear straightforward, the complexities increase when it comes to political donations. Without a clear constitutional framework outlining the nature of permissible donations, companies may inadvertently find themselves in legal dilemmas.

Such situations can tarnish a company’s reputation and lead to potential legal repercussions, emphasising the need for clear guidelines within the constitution.

Additionally, a lack of clarity regarding shareholding thresholds can cause friction among shareholders. In a private limited company, maintaining a clear governance structure is crucial, as there’s a minimum number of members required for decision-making. For example, if a shareholder owning 5% of the company wishes to nominate a board member, but the constitution is outdated or unclear regarding the threshold for nominations, conflicts can arise.

“If the constitution sets a minimum threshold for shareholding, then you qualify to nominate a board member,” Ai Ning adds.

Failure to address these nuances can result in shareholder disputes, undermining trust and harmony within the company.

Moreover, companies may face compliance risks if their constitutions do not align with the latest legal requirements. Take the introduction of regulations around beneficial ownership, which necessitates that companies explicitly state disclosure obligations within their constitutions. Without these provisions, companies could find themselves non-compliant, which may lead to fines or legal actions.

Consequences Of An Outdated Company Constitution

Best Practices For Reviewing And Updating A Company Constitution

Regular reviews of a company constitution are essential for ensuring compliance with evolving laws and business practices. While there is no specific guidance on how often to conduct these reviews, staying up-to-date on legal changes and integrating any necessary adjustments in business practices is important.

Engaging stakeholders during the review process is vital to represent their interests effectively. Including directors, shareholders and key management personnel ensures that diverse perspectives are considered, contributing to a more robust constitution.

Ai Ning says, “We work together with stakeholders and if they have a legal counsel or lawyers, we review whatever joint venture (JV) agreements or shareholder agreements that they may have regulating their relationships as business partners. For amendments to Constitution to align with any JV or Shareholders Agreement, it is pertinent for a company secretary to review, as well as to state which will supersede in the event of any discrepancies between both.”

Furthermore, aligning the company constitution with current corporate governance codes is important for maintaining relevance and compliance. Regular checks against these codes help identify potential gaps or outdated provisions.

Seeking professional guidance during the review or update process is also a best practice. Engaging experts, such as a professional company secretary firm like BoardRoom, can provide invaluable insights. “It’s very important to have a good company secretary to help clients stay abreast with developments in law changes that are pertinent to their businesses,” Ai Ning adds.

By working with corporate services firms like BoardRoom, companies can ensure their constitutions remain effective tools for governance and risk management, ultimately fostering a healthier corporate environment.

Ensuring Sound Corporate Governance Through A Robust Company Constitution

A well-structured company constitution is essential for effective corporate governance, acting as a foundational document that guides the relationships among shareholders, directors and the company itself. Regular reviews and updates are crucial to ensure alignment with evolving laws and business practices.

BoardRoom’s company secretarial services play a pivotal role in this process, leveraging regional expertise to navigate local regulations effectively. By prioritising client interests and providing timely updates and comprehensive advice, BoardRoom helps organisations maintain a strong governance framework, ensuring they operate with both clarity and in full compliance.

Contact BoardRoom today to learn how our comprehensive corporate secretarial services can strengthen your governance framework.

Contact BoardRoom for more information:

Tan Ai Ning

Corporate Secretarial Services Director, BoardRoom Malaysia

E: [email protected]

T: +60 3 7890 4800

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Johor-Singapore SEZ: A New Era of Incorporation & Tax Incentives for Businesses

Johor-Singapore SEZ A New Era of Incorporation & Tax Incentives for Businesses

Johor-Singapore SEZ: A New Era of Incorporation & Tax Incentives for Businesses

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Table of Content

  1. What Is the Johor-Singapore SEZ (JS-SEZ)?
  2. Why Incorporate in the Johor-Singapore SEZ?
  3. Unlocking Tax Incentives in the Johor-Singapore SEZ
  4. Which Sectors Benefit Most?
  5. Economic Impact & Forward Outlook
  6. Why Act Now? 

On 7 January 2025, Malaysia and Singapore marked a historic milestone with the formal launch of the Johor-Singapore Special Economic Zone (JS-SEZ), a bold step forward in regional economic collaboration. More than just a bilateral agreement, the Johor-Singapore SEZ represents a platform for cross-border synergy, sustainable development, and high-value investments. For companies eyeing expansion in Southeast Asia, the Johor-Singapore SEZ presents a compelling proposition – attractive tax incentives and schemes that that lower the cost of entry, accelerate operational setup, and create long-term advantages for cross-border businesses.

In this article, we explore how the JS-SEZ initiative could help transform your business.

What Is the Johor-Singapore SEZ (JS-SEZ)?

The Johor-Singapore SEZ is a strategic cross-border initiative that combines the strengths of both Johor and Singapore. It facilitates the smoother flow of goods, services, investments, and people between the two regions and aims to emerge as a key engine of Southeast Asia’s economic future.

The Special Economic Zone covers nine flagship development zones, including well-established powerhouses like Iskandar Malaysia and the Pengerang Integrated Petroleum Complex. Each area is designated for strategic industries such as clean energy, digital innovation, advanced manufacturing, and tourism.

According to the Malaysian Investment Development Authority (MIDA), these are the nine Special Economic Zones in JS-SEZ and their focus areas:

  • Johor Bahru City Centre: Business services, digital economy, health
  • Forest City Special Financial Zone: Financial services, sustainable urban development
  • Iskandar Puteri: Manufacturing, business services, digital economy, education, health, tourism
  • Tanjung Pelepas–Tanjung Bin: Manufacturing, energy, logistics
  • Pasir Gudang: Manufacturing, energy, logistics
  • Senai–Skudai: Manufacturing, digital economy, education, logistics, tourism
  • Sedenak: Manufacturing, business services, digital economy, education, energy, food security, health, logistics, tourism
  • Pengerang Integrated Petroleum Complex (PIPC): Manufacturing, energy, logistics, petrochemicals
  • Desaru: Education, food security, health, tourism

Why Incorporate in the Johor-Singapore SEZ?

To fully access the tax incentives, regulatory support, and strategic advantages offered under the Johor-Singapore SEZ framework, businesses must incorporate or register a legal presence in Malaysia. While the SEZ is designed to enhances bilateral cooperation, most government-administered incentives including reduced corporate tax rates and investment allowances are specifically tied to incorporation and operations within the designated Malaysian zones.

Incorporating within the JS-SEZ positions your business to unlock a wide range of government-backed benefits, tailored to accelerate business growth.

These include:

Streamlined Incorporation Process

The JS-SEZ initiative simplifies and accelerates the incorporation journey in alignment with Malaysia’s broader push for a pro-business ecosystem. Startups and multinational companies alike can establish operations quickly and gain faster access to key regional markets and capitalise on first-movers advantages.

Need expert assistance with your company setup? Discover our incorporation services designed for end-to-end support.

Strategic Cross-Border Location

Incorporated businesses in the Johor-Singapore SEZ enjoy proximity to Singapore’s global trade and finance hub while benefiting from Johor’s lower cost base, extensive infrastructure, and access to a growing talent pool. This unique positioning enables companies to optimise both operational efficiency and regional market access which are ideal for ASEAN expansion.

Unlocking Tax Incentives in the Johor-Singapore SEZ

One of the most compelling reasons to consider incorporation in the Johor-Singapore SEZ is the strong set of tax incentives rolled out by the Ministry of Finance and Johor State Government, administered by the Malaysian Investment Development Authority (MIDA).

Here’s a breakdown of the tax incentives available to eligible businesses:

Corporate Income Tax (CIT)

Businesses operating within qualifying sectors of the SEZ may enjoy a reduced corporate tax rate as low as 5% for up to 15 years, compared to Malaysia’s standard corporate tax rate of 24%.

Investment Tax Allowance (ITA)

Companies in targeted industries can benefit from up to 100% Investment Tax Allowance on qualifying capital expenditure, encouraging reinvestment and business expansion within the Johor-Singapore SEZ.

Knowledge Worker Tax Relief

To attract high-value talent, the SEZ offers a flat tax rate of 15% on employment income for knowledge workers, applicable for up to 10 years.

Stamp Duty Exemptions & Sponsorship Deductions

Eligible companies can receive up to 40% exemptions on stamp duty for commercial property transfers. Companies can also claim tax deductions of up to RM1 million for sponsoring major business events.

Renovation Incentives

Qualifying renovation costs are eligible for Accelerated Capital Allowance (ACA) of up to 60%, making it more cost-effective for businesses to modernise their workspaces within the Johor-Singapore SEZ.

Qualifying renovation costs are eligible for Accelerated Capital Allowance (ACA) of up to 60%, making it more cost-effective for businesses to modernise their workspaces within the Johor-Singapore SEZ.

Which Sectors Benefit Most?

The SEZ’s tax incentives are tailor-made for key growth sectors, including:

  • Global Business Services (GBS)
  • Smart Logistics & Supply Chain Management
  • Aerospace & Specialty Chemicals
  • Artificial Intelligence & Medical Technology
  • Tourism, Hospitality & Retail
  • Green Energy & Sustainable Infrastructure

Whether you operate in high-tech industries or tourism sector, the Johor-Singapore SEZ offers targeted tax incentives to help your business scale more efficiently and competitively.

High-tech industries

Economic Impact & Forward Outlook

The JS-SEZ is projected to generate 20,000 high-skilled jobs and execute over 100 high-impact projects within the next decade. This ambitious plan positions Johor on the map as a premier investment destination, while allowing Singapore-based firms to benefit from regional expansion at a lower cost base.

Initiatives such as passport-free clearance trials and upgraded customs protocols complement these efforts, further reinforcing the SEZ’s commitment to ease of doing business.

Why Act Now?

Applications for tax incentives under the Johor-Singapore SEZ are open from 1 January 2025 until 31 December 2034. With growing investor interest and a limited window for early movers, businesses that act now are better positioned to secure first-mover advantages and unlock the full range of SEZ tax incentives.

How BoardRoom Malaysia Can Help

At BoardRoom, we specialise in helping businesses navigate the complexities of incorporation, corporate governance, and regional tax incentive programmes. With our deep understanding of the Johor-Singapore SEZ environment, we provide end-to-end support, from entity structuring to tax incentives application and long-term compliance.

Ready to expand into the Johor-Singapore SEZ? Contact us to learn more about our tailored Company Incorporation Services and how your business can benefit from this game-changing opportunity.

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Guide to Filing Annual Returns in Malaysia

Guide to Filing Annual Returns in Malaysia

Guide to Filing Annual Returns in Malaysia

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Ensuring your company operates compliantly in Malaysia involves filing annual returns. This legal requirement keeps the Companies Commission of Malaysia (SSM) informed about your company’s current status. This guide simplifies the process for you, providing a step-by-step approach to filing your annual return electronically. This will help you fulfil this important obligation efficiently and maintain the integrity of your business standing in Malaysia.

What Is an Annual Return (AR)?

An Annual Return (AR) is a mandatory document that must be filed with the Companies Commission of Malaysia (SSM) yearly by registered companies in Malaysia. This comprehensive report provides a snapshot of your company’s essential details, ensuring transparency and keeping the authorities informed.

Why Is Filing Annual Returns Important?

Filing annual returns is important for several reasons. First and foremost, it guarantees your business operates compliantly. The SSM utilises these reports to verify your company’s legitimacy and adherence to regulations. Additionally, annual returns promote transparency. By submitting accurate information, you demonstrate responsible business practices, potentially fostering trust with investors, clients, and partners. Finally, timely filing helps you avoid potential penalties imposed by the SSM for late submissions.

Filing Annual Returns

Who Needs to File an Annual Return?

All registered companies in Malaysia are required to file an annual return. This includes limited liability companies (LLCs), private companies limited by shares, companies limited by guarantee, and foreign companies registered to operate in Malaysia.

What Information is Required in an Annual Return?

Your annual return filing in Malaysia should include the following key details:

  • Company Details: This section captures your company’s name, registration number, and registered office address.
  • Business Activities: Briefly describe the core business activities your company undertakes.
  • Director(s) Information: Provide the full names, identification numbers (IC/Passport), and residential addresses of all company directors.
  • Company Secretary Information (if applicable): If your company has a designated company secretary, include their name, IC number, and residential address.
  • Members’ Information (shareholding details): List all company members (shareholders) and their corresponding shareholding details.

How to File an Annual Return?

The company secretary should file, sign, and submit the annual return electronically through the Malaysian Business Reporting System (MBRS) in Malaysia, as this user-friendly system streamlines the process. To ensure accurate filing of annual returns, you should follow the below steps.

Preparation with MBRS Preparation Tool (mTool)
To start with the filing, you should first utilise the MBRS Preparation Tool (mTool) to prepare your annual return. This tool simplifies data entry and ensures consistency. You can download it from the MBRS Portal if needed.

Once you have downloaded the mTool, use it to enter company details, director information, shareholding details, and other relevant information. Then, import your prepared financial statements, if applicable, into mTool for verification.
Submission through MBRS Portal
Once everything is prepared with mTool, you can begin your annual return submission through the MBRS Portal with the following steps:

  1. Log in to SSM4U and access the MBRS Portal.
  2. Create a new annual return submission.
  3. If you use mTool, upload the generated XBRL file directly into the portal. Alternatively, you can manually enter the data into the online form.
  4. Carefully review all information for accuracy before submission.
  5. Submit the annual return electronically and proceed to pay the filing fees online.
  6. Upon successful submission, you will receive a confirmation email with a reference number for your records.

Deadlines and Due Dates of Annual Returns

Companies are required to file your annual return within 30 days of your company’s anniversary date, which is the date your company was incorporated. In the case of a foreign company, the annual return due date will be on the company’s registered date. This deadline is independent of your financial year-end.

It’s also crucial to double-check the deadlines and due dates with the SSM website for any change in regulations.

Deadlines and Due Dates of Annual Returns

Penalties for Late Filing

Late filing of annual returns can result in fines imposed by the SSM. The severity of the penalties depends on the duration of the delay and whether the company is a private or public company.  These penalties must be paid during the delayed submissions of the documents to SSM.

Furthermore, neglecting to file can lead to additional legal consequences, such as the SSM striking the company off the register. This can significantly impact your business operations, making it difficult to open bank accounts, enter into contracts, or maintain good legal standing.

How can BoardRoom help with your Annual Returns Filing?

Filing annual returns is a necessary step for maintaining a compliant and transparent company in Malaysia. By understanding the process and adhering to the deadlines, you can ensure your business operates smoothly and avoids any potential complications.

BoardRoom offers professional assistance with filing your annual returns. Our dedicated team of corporate secretarial specialists can guide you through the entire process, from preparing your documents in XBRL format to filing your annual returns accurately and on time. This allows you to focus your valuable time and resources on running your core business activities with peace of mind.

Contact us today and let us guide you every step of the way with our tailored services and advice.

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A guide to the entities available for business registration in Malaysia successfully

A guide to the entities available for business registration in Malaysia successfully

A guide to the entities available for business registration in Malaysia successfully

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With its dynamic business environment, strategic location and excellent digital connectivity, Malaysia is an attractive destination for businesses looking to establish their presence in the Asia-Pacific region (APAC). Indeed, roughly 3,600 companies are formed in Malaysia every month.

Malaysia’s supportive government policies are particularly attractive for foreign investors, with the Malaysia Budget 2023 offering several business incentives to drive sustainable economic growth.

Whether you wish to learn about registering a private limited company in Malaysia or explore the other entity options available, this article provides guidance for successful set-up. Read on as BoardRoom Director of Corporate Secretarial Malaysia Tan Ai Ning unpacks the process of business registration in Malaysia and offers expert advice for getting your venture off to a strong start.

Entity options for business registration in Malaysia

Businesses expanding or starting in Malaysia have a variety of structures available to them.

Common entities formed are:

  • Sole proprietorship or partnership – Only available to Malaysian citizens (or permanent residents), this entity type is ideal for small business owners with either a sole proprietorship or up to 20 partners.
  • Limited liability partnership (LLP) – A hybrid between a company and a conventional partnership, an LLP provides the merits of the private limited companies (eg. limited liability) minus their cumbersome reporting requirements.
  • Company – Private limited or public limited companies are separate legal entities that can bind contracts, purchase assets and act as their own legal entity in court.
  • Private limited company – Many investors choose to register a Sendirian Berhad company (a private limited company) so they are able to conduct commercial activities, pursue long-term expansion, enjoy local tax benefits and obtain necessary grants and licences.
  • Foreign branch office – Ideal for short-term business expansion, this entity may only conduct business activities that align with the parent company.
  • Representative office – Valid for two years, and can be renewed, this entity type cannot generate revenue but allows foreign expatriates to explore business prospects and undertake product research locally.
  • Foreign LLP – Well suited to professional services, LLPs are a flexible, straightforward business structure investors can have full control over.

Foreign investors can set up a sole proprietorship or partnership in Malaysia on the condition that they have permanent residency in Malaysia.

Private versus public companies

The registration process for private and public limited companies is similar, but some key differences exist.

Private limited companies can be owned by Malaysian residents and foreign investors, but they can only have up to fifty shareholders and cannot offer shares to the public.

If you wish to access public markets to raise funds, as well as the benefit of liquidity and generate further investment, you may consider registering a public limited company.

Registering as a public limited company also provides the opportunity to apply for listing on the Malaysian stock exchange with the view to enhance your public profile, invite new business opportunities or promote expansion.

Malaysian stock exchange

LLP registration explained

Popular among business partners, family-owned businesses, start-ups and small-to-medium enterprises, LLPs offer more flexibility than private limited companies in their formation, maintenance and termination.

“Additionally, the compliance requirements for LLPs are less strict than they are for companies,” says Ai Ning.

As LLPs are a separate legal entity from the owners, they can provide additional protection for partners’ personal assets and wealth. However, this also means they may incur higher taxes, as partners are individually taxed based on their share of the profits.

“The tax bracket for individuals is higher than corporates in Malaysia,” Ai Ning explains. “When choosing between LLP and a company structure, several factors need to be considered. If the business is small and has a limited number of partners, LLP might be a better choice as it offers simpler compliance requirements. However, if you have a larger business that requires significant investments, a company might be a better choice as it offers greater flexibility in raising funds.”

Registering a company in Malaysia

How to register a company in Malaysia

The process for registering a company can seem complex to foreign investors, given the country’s unique legal and regulatory framework and navigating through unfamiliar administrative procedures. However, with the assistance of experienced local consultants and a clear understanding of the requirements, this process can be streamlined, unlocking the vast potential and opportunities Malaysia offers.

These steps include:

  1. Choose your entity type – Investigate the business structures available to you, and decide which will best suit your needs.
  2. Select a name – Choose a unique trade name that aligns with your marketing strategy and brand identity, then submit it for Companies Commission of Malaysia (CCM) approval.
  3. Organise your structure – You must nominate at least one resident director and a local company secretary. Private companies must also have at least one shareholder, while public companies must have at least two.
  4. Designate a local office address – This must be a physical address for receiving mail, such as legal and tax correspondence. If you do not have a registered office location, BoardRoom can provide one.
  5. Prepare your incorporation documents – You will need to collate a constitution, statutory declaration for directors, Declaration of Compliance, company name approval letter, and the identity card of every director and company secretary. Public limited companies must also supply an abridged prospectus for investors.
  6. Complete the online form – Visit the CCM website to submit your registration application.
  7. Pay the registration fee – The company registration fee is MYR 1,000.

“In the absence of any issues or questions, the CCM will then issue a certificate of registration, and the company will be registered,” Ai Ning says. “All in all, this generally takes about five to seven working days.”

The benefits of professional corporate services

Expanding into a new international market can be equally exciting and nerve-wracking. Consider engaging the support of a reputable corporate services firm who can assist with:

  • applying for government schemes and grants you may be eligible for;
  • opening a secure bank account;
  • meeting your compliance obligations (including obtaining necessary licences and permits);
  • helping your company thrive post-incorporation.

At BoardRoom, our highly credentialed Company Incorporation experts can help you register a business in Malaysia with confidence. Thanks to our deep knowledge and extensive network of trusted professionals, we can guide you on the most advantageous structure for your business, considering the types of activities you wish to conduct in Malaysia and the goals you aim to achieve.

We can then support you through the entire incorporation process so that you can make informed decisions every step of the way.

“When foreign investors want to establish a presence in Malaysia, they usually want to know about the local financing schemes, grants and compliance requirements they should be aware of once the incorporation process is finished,” Ai Ning says. “That is why we’re here – BoardRoom has the technology, international presence and professional advice to assist during incorporation and beyond.”

Our suite of end-to-end corporate services is designed to support you with all aspects of running a successful business, including corporate secretarial, tax, accounting, payroll, share registry, Employee Stock Options Plans and Environmental, Social and Governance.

Benefits of professional corporate services

Comprehensive support for business growth in Malaysia

A leading provider of corporate services in APAC, BoardRoom is ready to support and guide your regional or global business expansion journey. Our personalised, prompt and reliable service delivery helps ensure efficient, stress-free business registration in Malaysia.

“With a 60-year history of delivering outstanding corporate services, we have a strong track record, we anticipate problems, and we inspire action,” Ai Ning says. “Our full suite of services means we can support our clients throughout the entire business lifecycle, from the date of incorporation to the end.”

Contact us today to find out more about setting your new business up for success.

Contact BoardRoom for more information:

Tan Ai Ning

Corporate Secretarial services Director, BoardRoom Malaysia

E: [email protected]

T: +60 3 7890 4800

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