EVENT

BoardRoom Corporate Liability Seminar (Penang)

Seminar Details

19 July 2019

8.30am – 2.00pm

Fees:
1st participantRM280 per participant
(RM296.80 including 6% SST)
2nd and/or more participant
from the same organization
RM250 per participant
(RM265 including 6% SST)

* Rate includes seminar fee, tea break and lunch

The Malaysian Anti-Corruption Commission Amendment Act 2018 (“MACCA 2018”), which was gazetted on 4 May 2018, has a new section – Section 17A (also known as the Corporate Liability Provision). This Section, which will take effect from 1 June 2020, provides that “a commercial organization commits an offence if any person associated with the commercial organization commits a corrupt act (i.e. gives, agrees to give, promises or offers to any person any gratification) to obtain or retain business or advantage for the commercial organization”.

There are heavy penalties for any organization found convicted of corruption including a fine of not less than 10 (ten) times the value of the gratification or RM1 million, whichever is higher, and/or a jail sentence not exceeding 20 (twenty) years. In view of this, it is highly imperative for Directors/Partners and Management of a commercial organization to prevent the commission of such acts by establishing adequate procedures in line with the Ministerial Guidelines issued by the regulators to assist commercial organizations.

Join us as we unpack the MACCA 2018 to understand its rationale and the implications to commercial organizations, their Directors/Partners and Management. We will also discuss how commercial organizations can better prepare themselves by developing and establishing adequate procedures as their “lines of defence” against prosecution.

Discussion Points
  • What is the implication of Section 17A?
  • How will it affect your Organization, Directors/Partners and management?
  • How to prepare your Organisation, Directors/Partners and management in the event of prosecution?
  • What are your “lines of defence” and base-line “must-haves”
Who Should Attend
  • Owners and Partners
  • Directors and Management team
  • Company Secretaries
  • Risk/Compliance Managers and Internal Auditors
  • Governance advocates
Program Outline
  • Key features and rationale for the MACCA 2018
  • Overview and highlights of Section 17A
  • Existing local legislations & better practices addressing corruption and gratification
  • Common modus operandi and root causes of Gratification
  • Ministerial Guidelines on Adequate Procedures (including the 5 Principles): T.R.U.S.T.
  • Case studies under the UK Bribery Act 2010 and US Foreign Corrupt Practice Act 1977
  • ISO 37001:2016 Anti-Bribery Management System – key elements
  • Other related legislation and governance practices on bribery and corruption
Key Speaker - Mr. Lee Min On

Min On is a retired partner of KPMG Malaysia after serving the Firm for close to 37 years. His experience in the Firm encompasses audit, merger & acquisitions and board advisory services on sustainability, corporate governance, enterprise risk management, internal controls and risk-based internal audit.

Min On regularly conducts in-house training and participates in public seminars and conferences as a speaker – sharing thoughts and insights on Corporate Liability, Sustainability, Corporate Governance, Enterprise Risk & Fraud Risk Management, Internal Controls and Internal Audit.

He is currently the Chairman of Audit Committee of the Institute of Internal Auditors Malaysia (IIAM) and an Independent Non-Executive Director of 4 Main Market listed issuers . Min On is a Chartered Accountant, CA(M), Malaysian Institute of Accountants, Certified Public Accountant, CPA(M), Malaysian Institute of Certified Public Accountants and Fellow Member CFIIA of the IIAM.