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Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
Session on corporate social responsibility   norhaslinda salleh
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Session on corporate social responsibility norhaslinda salleh

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  • 1. SSM’s CORPORATE RESPONSIBILITY INITIATIVES : A STRATEGIC COLLABORATION BETWEEN SSM & UNICEF ON ENCOURAGING RESPONSIBLE BUSINESS & CHILD RIGHTS IN MALAYSIA NORHASLINDA SALLEH HEAD, CORPORATE PLANNING & STRATEGY COMPANIES COMMISSION OF MALAYSIA
  • 2. WHY THE COMPANIES COMMISSION OF MALAYSIA DRIVES CR? The Companies Commission of Malaysia (SSM) is placed in the best position to drive the CR culture among the corporate and business communities in Malaysia. WHY? SSM is the Registrar of companies, businesses and limited liability partnerships in in Malaysia. SSM serves as the starting point to do business in Malaysia. Existence of SSM’s organizational linkage and networking. Availability of a ready pool of auxiliary supportive elements.
  • 3. SSM’S STATUTORY FUNCTIONS 3 7. Advising the Minister on corporations and businesses in relation to the prescribed laws 1. Due administration of prescribed laws 2. Agent for the Government in administering, collecting and payment of prescribed fees and charges 3. Regulation of corporations and businesses 4. Promote corporate governance 5. Enhance and promote the supply of corporate information 6. Research and studies on corporate and business activities Companies Act 1965 Trust Companies Act 1949 Kootu Funds (Prohibition) Act 1971 Registration of Businesses Act 1956 Subsidiary legislations under the above Acts Promotion through SSM’s CR Agenda Limited Liability Partnerships Act 2012
  • 4. Foreign 4,569 *As at 28 February 2014 NUMBER OF COMPANIES INCORPORATED 4 TOTAL COMPANIES : *1,071,118 TOTAL ACTIVE COMPANIES : 444,544 LOCAL COMPANIES : 1,066,545 FOREIGN COMPANIES : 4,573 AVERAGE REGISTERED PER YEAR : 42,250 AVERAGE REGISTERED PER MONTH : 3,860
  • 5. * As at 28 February 2014 TOTAL BUSINESSES REGISTERED 5 TOTAL BUSINESS REGISTERED: 5,355,928 TOTAL SOLE-PROPRIETORSHIPS: 4,235,967 TOTAL PARTNERSHIPS: 1,119,961 AVERAGE PER YEAR: 261,897 AVERAGE PER MONTH: 27,490
  • 6. Launched: 5 February 2013 *Total LLPs: 1,810 LIMITED LIABILITY PARTNERSHIP ACT 2012 *As at 28 February 2014 6
  • 7. THE SSM CR AGENDA Developed pursuant to SSM’s Strategic Direction Plan II (2010- 2014) which envisages SSM as the driver of CR by the end of 2014. Agenda was launched on 30 June 2009. This Agenda with a tagline “Driving Business Beyond Profitability”, sets out SSM’s strategic framework which outlines SSM’s approach in inculcating the culture of CR amongst companies & businesses in Malaysia, focusing on Small Medium Enterprises (SMEs).
  • 8. OBJECTIVES: 1. To nurture the culture of CR in the Malaysian business environment; 2. To encourage all companies to strive in striking an equilibrium between the quest for profitability and creating a sustainable living environment; 3. Inculcate a corporate culture among Malaysian corporate players that values and recognizes all CR initiatives pursued by corporations demonstrated as creating premium for companies and businesses; and 4. Pursue and propagate good corporate governance in a more holistic basis. THE SSM CR AGENDA PARAMETER
  • 9. • Comprise of Malaysia Anti-Corruption Commission (MACC), Companies Commission of Malaysia (SSM), Malaysia Institute of Integrity (IIM), National Key Result Areas (NKRA) Anti-Corruption, Performance Management & Delivery Unit (PEMANDU), Bursa Malaysia Berhad, Securities Commission & Transparency International Malaysia • To implement the Corporate Integrity System Malaysia a CORPORATE INTEGRITY SYSTEM MALAYSIA ROUNDTABLE MEMBERS FORMATION OF STRATEGIC ALLIANCES To collaborate in the area of CR, mainly focusing on research and advocacy To collaborate in the area of CR and corporate integrity To collaborate towards enhancing the well-being of children through the practice of CR NATIONAL UNIVERSITY MALAYSIA INSTITUTE OF INTEGRITY UNICEF
  • 10. WHY SSM & UNICEF ? Formed a strategic partnership where a win-win to implement SSM’s CR agenda and UNICEF to make aware on responsible business and children’s rights. UNICEF added value was to provide technical input in building institutional capacity (long-term) of SSM in children’s rights and business (advocacy documents and training). SSM as a the regulatory body of all businesses and as a nationally mandated corporate registry are well positioned to set a change in business practice behavior especially in corporate responsibility.
  • 11. BEST BUSINESS PRACTICE CIRCULAR (BBPC) 1/2010 11 Serves as a general guideline to facilitate employers in setting up child care centres at the work place for their employees. Touches on: I. The general legal and regulatory framework; II. The general procedures for the registration of child care centres; and III. The main principles of child care.
  • 12. TOOL KIT ON HOW TO SET UP A CHILD CARE CENTRE AT THE WORK PLACE 12 Complements the Best Business Practice Circular 1/2010 on the Establishment of Child Care Centres at the Work Place by Corporate and Business Employers Touches on : I. The application of the principle of best interest of the child; II. Recruitment of qualified staff; III. The importance of having child centred programmes and curriculum; IV. The need for staff performance monitoring; V. The need for human resource management; VI. Financial resources; and VII. Registration procedures.
  • 13. 13 BBPC 2/2011 ENTITLED “ESTABLISHING A CONDUCIVE WORKING ENVIRONMENT FOR WOMEN: NURSING MOTHERS PROGRAMME AT THE WORKPLACE” • Highlights the role that companies and businesses can play in supporting family and child-friendly environment at the workplace by endorsing a nursing mother’s programme. • Lists the basic components for a nursing mother’s programme and guides on establishing a nursing room. • Lists the tremendous implementation benefits that employers will gain from contributing to a nursing mother’s programme at the workplace.
  • 14. 14 The objectives of this BBPC are :  To promote and support public-private partnership (PPP) in providing technical education and vocational training (TEVT), as an alternative to mainstream education especially for school dropouts; and  To provide the corporate sector with guidance on responsible employment of young workers who come from TEVT programmes, and respecting and supporting children’s rights based on the Children’s Rights and Business Principles that was launched in Malaysia on 11th September 2012. BBPC 4/2013 ENTITLED “EDUCATION FOR SUSTAINABLE DEVELOPMENT: PROMOTING TECHNICAL AND VOCATIONAL TRAINING (TEVT)”
  • 15. VOLUNTARY DISCLOSURE OF CSR INITIATIVES • SSM plans to introduce a provision that will encourage non-financial reporting - includes voluntary reporting on CSR initiatives in the new Companies Act in 2014. • This would indirectly place companies in a position to re-strategize their business operations internally and externally and in many cases will impact consumers, employees, suppliers and community stakeholders, including children. The framework of the CRBP could provide guidance to many companies on how best to formulate their CSR work and strategic engagement whether they are an SME part of a global supply chain or whether they are a public listed company committed to producing annual company sustainability reports and generally all companies as a whole.
  • 16. BBPC 5/2013 ENTITLED “CORPORATE RESPONSIBILITY : GUIDANCE TO DISCLOSURE AND REPORTING • Promote the importance and relevance of corporate responsibility (CR) disclosure among companies and businesses in Malaysia. • Raise awareness on disclosure in line with societal need and to provide understanding on the new non-financial reporting under the new Companies Act. • Provide an overview of available approaches, tools and resources and standards to facilitate an accurate and reliable disclosure. The objectives of this BBPC are:
  • 17. ENHANCING THE DOMESTIC LEGAL & POLICY FRAMEWORK ON CORPORATE RESPONSIBILITY Various laws relating to CR: Environmental Law Employment Relations Law Consumer Protection Labour Laws Ratified UN Conventions relating to CR: UN Convention No. 8 (Elimination of Discrimination against Women) UN Convention No. 11 (Children’s Rights) ILO Convention no. 138 (Minimum Age) Bursa Malaysia Listing Requirements – PLCs: Provide statement on CR activities in Annual Report – Rule 9.25 read together with Item 29 of Appendix 9C Khazanah Nasional Berhad – GLCs: Silver Book: Achieving Value through Corporate Responsibility Directors’ Report will cover additional matters including policies on internal control and CR CURRENT FUTURE
  • 18. FUTURE REPORTING ON CORPORATE RESPONSIBILITY Business Review (Director’s Report) Environmental matter, including the impact of the company’s business on the environment Relates to: environment content Company’s Employees Relates to: workplace content Social and community issues Relates to: marketplace and community content Information on any policies in relation to above matters and effectiveness of those policies Document Information ref: page 10 of BBPC 5/2013
  • 19. INFORMATION ON CORPORATE RESPONSIBILITY REPORTING ENVIRONMENT CONTENT WORKPLACE CONTENT MARKETPLACE CONTENT COMMUNITY CONTENT Relates to company’s efforts to protect and preserve natural resources and environment. Examples: - initiatives to use renewable energy; reduce air and water pollution; and reduce use of hazardous chemicals. Relates to company’s efforts on improvements towards working benefits and support. Examples: - improve wages, pensions and other employees benefits; improve health and safety at the workplace; and establish nursing mother’s facility. Relates to company’s efforts to integrate responsible business conduct into practice and operation. Examples: - improve product safety; establish customer education; and fair pricing. Relates to company’s efforts to promote economic development. Examples: - community engagement and development; improve local infrastructure; and community healthcare or education.
  • 20. IMPLEMENTATION BENEFITS ref: page 20-21 of BBPC 5/2013 » Demonstrate better governance and transparency » Create financial value » Increase competitive advantage » Encourage innovation » Motivate and align existing staff and attract new talent » Enhance reputation » Reduce corporate risk » Attract favourable financing conditions
  • 21. UNITED NATIONS AWARD 2013 On 24 October 2013, SSM was awarded the United Nations Award 2013 for the “Millennium Development Goal (MDG) Eight” in conjunction with the celebration of the 68th Anniversary of the United Nations. The primary objective of the Award is to recognise the contribution of individuals or entities towards the achievement of a particular MDG. MDG 8: Develop A Global Partnership For Development 21
  • 22. THANK YOU norhaslinda@ssm.com.my

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