Presentation by the Companies Commission of Malaysia (SSM) - Reaching out to our stakeholders through education

1. REACHING OUT TO OUR
STAKEHOLDERS THROUGH
EDUCATION
1

2. 4 INITIATIVES
Organisational
Operational
Enforcement Transformation Education
Enhancement
Programme
2

3. PHILOSOPHY
1. Balanced Enforcement Concept – Conventional
Enforcement vs Education
2. Statutory obligation to comply and render full
disclosure to the Registrar upon a certificate of
incorporation / registration being issued
3

4. OBJECTIVES
• To seek • To enhance
voluntary public awareness
compliance on the need,
importance and
benefits of
compliance
4

5. ESTABLISHMENT
The Companies Commission of Malaysia Training
Academy (COMTRAC) commenced operation since April
2007 to:
Enhance the skills and competencies
of employees; and
Elevate and promote ethical business
and good governance values amongst
business and corporate community.
5

6. ADVISORY PANEL MEMBERS (APM) OF COMTRAC
Consists of eight prominent persons from private and public sectors.
TERMS OF REFERENCE
Advising the Academy on the formulation of strategic direction and
curriculum development.
SSM encapsulates modules on regulatory developments, compliance
issues, principal of corporate governance, accountability, best
boardroom practices in its training programs to educate our
stakeholders and these augment well in ensuring voluntary
Monitoring the activitiescompliance.
and progression of the Academy.
SSM encourages compliance with Malaysian company law through
Sharing their experiences with services.
education and information the Academy.
Advising or assisting the Academy in forming its external or
international programs or collaborations.
6

7. INTERNAL CORPORATE INTERNATIONAL RESOURCE
DEVELOPMENT DEVELOPMENT PROGRAMMES CENTRE
• To develop • To develop • To promote •To directly
and conduct and conduct and market serve, contribute
training training training and facilitate
efficient
programmes programmes programmes information
for CCM for external to services in
staff. participants. International supporting
counterparts. research, training
and educational
programs for CCM
employees and its
stakeholders.
 School Of Business And Corporate Law
 School Of Civil, Prosecution & Investigation
 School Of Corporate Financial Reporting
 School Of Staff Development
7

8. INTERNAL DEVELOPMENT
KNOWLEDGE ENHANCEMENT FOR EMPLOYEE PROGRAMME (KEEP).
• Technical competency;
• Management competency;
• Behavioral competency
Objective of KEEP
To equip and prepare staff with knowledge
for purpose of job confirmation and promotion
To equip staff to answer public queries or represent SSM
at any external meeting/programs/seminar.
To help staff to understand all related legislations.
To create a pool of experts within CCM.
8

9. INTERNAL DEVELOPMENT
Law Module
Level 1 (Basic) & Level 2 (Intermediate)
Operations Module
Level 1 (Basic) & Level 2 (Intermediate)
Management Module
Level 1 (Basic) & Level 2 (Intermediate)
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10. INTERNAL DEVELOPMENT
CENTRE FOR STAFF DEVELOPMENT
Financial Accounting Module
(Basic, Intermediate & Advance)
Law (Advance) Module
Enforcement Module
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11. INTERNAL DEVELOPMENT
Other Technical Competency Programs
English Writing & Communication
Program (Basic, Intermediate & Advance)
“Train The Trainers” Program
ICT Awareness Program
Call Centre Development
Program
11

12. INTERNAL DEVELOPMENT
SCHOOL OF CIVIL PROSECUTION & INVESTIGATION
• Criminal Prosecution in the Subordinate Courts
• Investigation Officers‟ Workshop
• BURSA Listing Requirements
• Banking And Finance Institutional Act (BAFIA)
• Laws Regulating Website Content/Blocking/Closing Websites
CyberSecurity/MCMC (Malaysian Communication and Multi
Media Commission)
• Legislative Drafting Training Program 12

13. INTERNAL DEVELOPMENT
TRAINING GAP ANALYSIS
• COMTRAC developed Training
Gaps Analysis (TGA) Form in
2007 to identify training
programs required by the
employees and organization and
to assess the employees
performance.
• Assessment period is held at
every year end.
• Technical competency
assessment result is analyzed
and findings are reflected in the
Training Plan for the following
year.
13

14. CORPORATE DEVELOPMENT
DIRECTORS
SERIES
CORPORATE CORPORATE
GOVERNANCE DIRECTORS
& TRAINING
ENFORCEMENT PROGRAM
SMEs & LICENSED
BUSINESS SECRETARIES
ENTERPRISE TRAINING
SERIES PROGRAMS PROGRAM
AVAILABLE
AT COMTRAC
FREE
SSM E-
LODGEMENT
FINANCE TRAINING
PROGRAM
COMPANY COMPANY
SECRETARIAL
LAW SERIES
14

15. CORPORATE DEVELOPMENT
CORPORATE DIRECTORS TRAINING PROGRAMME (CDTP)
OBJECTIVES CDTP ACHIEVEMENTS
April 2007 – February 2009
Total programs conducted: 101
(a) Keep abreast with regulatory and Total number of participants: 5035
governance developments;
(b) Enhance knowledge and understanding TARGET PARTICIPANTS
of directors towards company law and Company directors
corporate governance; Aspiring directors
Officers of companies
(c) Provide a clear understanding about
Company secretaries
companies and responsibilities of
directors; Auditors
Lawyers
(d) Provide insights to common offences Delinquent directors
committed by company directors; and
(e) Prepare corporate community to cope
with changes in the business
environment.
15

16. CORPORATE DIRECTORS TRAINING PROGRAMME (CDTP)
ONE-DAY CDTP TWO-DAY CDTP
PROGRAMME CONTENTS: PROGRAMME CONTENTS:
Module 1:
Module 1: The Roles and Responsibilities of Company
directors.
The Roles and Responsibilities of Module 2:
Company directors. The Law and Practices for Company‟s Meeting
Module 3:
Module 2: The Common Offences Committed by Company
The Law and Practices for Company‟s Directors
Meeting Module 4:
Understanding and Application of Good
Corporate Governance
Module 3:
The Common Offences Committed by Module 5:
Company Directors What Directors Need To Know About
Corporate Taxation?
Module 4: Module 6:
Understanding and Application of Good What Directors Need To Know About
Corporate Governance Analyzing and Interpreting the Financial
Statements?
Fee: RM250 (USD70) Fee: RM500 (USD150)
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Panel of trainers: SSM staff

17. LICENSED SECRETARIES TRAINING PROGRAMME (LSTP)
OBJECTIVES
 Enhance knowledge, skills and competencies of company secretaries;
 Acquire in-depth understanding on the roles, responsibilities and duties of a company
secretary;
 Keep abreast with regulatory and governance developments;
 Understand the duties and responsibilities of directors and disclosure requirements
 Take cognizance of common offences committed by company secretaries
TARGET PARTICIPANTS:
 Company secretary
 Individuals or students who aspire to be company secretary
 Members of professional bodies who need a refresher course on
Company Secretarial Practice
 Corporate administrators
 Support and relevant staff dealing in company secretarial duties
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18. LICENSED SECRETARIES TRAINING PROGRAMME (LSTP)
PROGRAMME CONTENTS:
Level 1
Module 1 : The Changing Roles and Responsibilities of Company Secretary
Module 2 : What Do You Need to Know About Companies?
Level 2
Module 3 : Directors, Company Officers and Auditors
Module 4 : What Do You Need to Know About Registered Office, Statutory
Books, Statutory Returns & Other Documents?
Level 3
Module 5 : Dealing with Company Meetings
Module 6 : Common Offences Committed By Company Secretaries
LSTP ACHIEVEMENTS Fee: RM200 (USD60) per module
April 2007 – February 2009
Panel of trainers: SSM staff
Total programs conducted: 60
Total number of participants: 1,944
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19. CORPORATE DEVELOPMENT
Fees range from
USD60 to USD150
DIRECTORS SERIES COMPANY SECRETARIAL SERIES
• Regulators’ Guide On Transactions By • Company Secretarial Practice For
Directors & Practical Issues & Solutions Beginners.
• Understanding Boardroom Finance. • Examining Critical Company Secretarial
• Analyzing & Interpreting Financial Issues @ Boardroom .
Statements – What Directors Need To • Regulators’ Guide On Shares and Related
Know. Issues.
• Understanding Corporate Taxation. • Practical and Regulatory Issues and
• Implementing the Single-Tier Tax System Solutions to Year End Compliance Matters
– AGM, Audited Accounts And Annual
• Risk Management.
Returns.
• Managing Meetings And Effective Minutes
· Writing Workshop.
• Managing Statutory Register And Guides
To Comply With Statutory Forms
· Requirements.
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20. CORPORATE DEVELOPMENT
Fees range from
USD60 to USD150
COMPANY LAW FINANCE
• Implications Of Companies Amendments • Understanding Boardroom Finance
Act 2007 On Companies And Directors. • Finance Essentials For Non-Finance
• Insights Into Voluntary Winding-Up, Managers.
Striking Off Application And Its • Interpretation of Financial Statements For
Procedures. Non-Finance Executive.
• Law And Practice On Receivership & • Understanding Financial Statements For
Winding – Up By Court. Non-Accounting Personnel.
• A Guide For Industry Practitioners: • Cash Management & Credit Control
Offering of Interest Schemes . Strategies.
• Law On Registration Of Charges And
Debentures & Implications In the Event
·
Of Default.
• Company Limited By Guarantee: Law &
Compliance.
· • Understanding Partnership Law.
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21. CORPORATE DEVELOPMENT
SMEs & BUSINESS CORPORATE BRIEFING ON „SSM E-
ENTERPRISE SERIES GOVERNANCE & LODGEMENT FOR
• Start Your Own Business ENFORCEMENT COMPANY SECRETARIES‟
(SYOB): Understanding • Corporate Governance
Incorporation Of Companies Cases & Corporate Fraud
& Registration Of Business. Detection And Prevention
• Corporate Governance & Framework For
Corporate Social Whistleblower .
Responsibilities (CSR) For • Protection And Creation Of
SMEs. Anti-Fraud Culture Within A
• Implementing An Effective Corporation.
System of Internal Control.
Fee range from USD60 to
USD150
FREE
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22. CORPORATE DEVELOPMENT
CORPORATE GOVERNANCE FRAMEWORK FOR
CASES & CORPORATE FRAUD WHISTLEBLOWER
DETECTION AND PROTECTION AND CREATION
PREVENTION OF ANTI-FRAUD CULTURE
• 1 Jun 2009 @ Kuala Lumpur WITHIN A CORPORATION
• Fee USD90 • 19 Aug 2009 @ Kuala Lumpur
• Fee USD60
WE INVITE PARTICIPATION
FROM MEMBERS OF CRF, ECRF AND IACA
www.ssm.com.my
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23. LOCAL AND INTERNATIONAL COLLABORATIONS
Fostering stronger ties with reputable professional bodies and international organisations
Signed MOU with:
 Malaysian Institute of Accountants
 Association of Certified Chartered Accountants
COMTRAC had collaborated with:
• Malaysian Institute of Chartered Secretaries and
Administrators
• Institute of Internal Auditors Malaysia
• Institute of Approved Company Secretaries
• Malaysian Institute of Certified Public Accountants
• Professional bodies on 22 FOC „SSM E-Lodgement‟ events
SSM encourages compliance with Collaborations:
Forthcoming International
Malaysian company law through
education and information services.
● ‘Cambridge International Symposium on Economic Crime for
East Asia Region in Kuala Lumpur’ in Year 2010/11 with
University of Cambridge, United Kingdom.
● „International Corporate Governance and Fraud Detection
Conference’ for 30 delegates from Commonwealth nations in June
2009. (This is a collaboration with the Malaysian Institute of
Integrity ).
)23

24. OUTREACH PROGRAMMES
MEDIA ENGAGEMENT
• Broadcast and create greater
awareness on CCM’s compliance
requirements.
• Interviews on radio network and
TV.
• Issue press releases to propagate
corporate governance and
amendments to the Companies
Act 1965.
• Regular notification on
enhancement in the service
delivery systems, enforcement
initiatives and products and
services.
24

25. ACTIVE STAKEHOLDERS ENGAGEMENT
Forums,
Companies
Stakeholders
Commission
dialogues
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26. LEVERAGING MOBILE COUNTERS AND
CIRCUIT COUNTERS
• Join efforts with municipal authorities to
reach out to our stakeholders; small
business operators and traders.
• Facilitate business registration and
renewals.
• Promote compliance and understanding
of the legal requirements .
PARTICIPATING IN EVENTS AND
EXPOSITIONS
• Participate in events and expositions
conducted by other authorities &
institutions nationwide.
• Promote compliance amongst
businessmen and publicize our initiatives
26

27. MEDIA COVERAGE 2008
150
100
123
50
NUMBER OF MOBILE COUNTER FOR 2005 - 2008
0 4
8
Newspaper
Radio
TV
Frequency Coverage

28. 28

29. NUMBER OF MOBILE COUNTERS FOR 2006 - 2008
1400
1200
1379
1000
800
600
810
400
200 117
0
2006 2007 2008
No. of Programmes

30. COMPLIANCE RATE
100%
80%
60%
40%
64% 80% 91%
71%
20% 44%
0%
2003
2004
2005
2006
2007
30

31. Thank You
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