A presentation by SSM Malaysia

1. SELF-SUSTAINABLE REGISTRIES: FUNDING
MODELS THAT WORK
THE MALAYSIAN MODEL
ZAHRAH ABD WAHAB FENNER
CHIEF EXECUTIVE OFFICER/REGISTRAR
COMPANIES COMMISSION OF MALAYSIA (SSM)
CRF 2018
23 MAY 2018
GABORONE, BOTSWANA

2. ABOUT THE COMPANIES COMMISSION OF MALAYSIA
(SSM)
SSM’s INCOME STREAM
SSM’s EXPENDITURE
TO ENSURE SUSTAINABILITY
2
OVERVIEW OF PRESENTATION

3. 3
ABOUT THE COMPANIES
COMMISSION OF MALAYSIA (SSM)

4. HISTORY ON THE FORMATION OF SSM
4
Registrar
of
Companies
(Est. 1898)
Registrar
of
Businesses
(Est. 1939)
Companies
Commission
of Malaysia
(SSM)
Established April 2002

5. GENERAL FRAMEWORK
5
COMPANIES
COMMISSION
OF MALAYSIA
ACT 2001
(Act 614)
Autonomy in
financial
management
Autonomy in
human
capital
management
Management
by CEO
CEO directly
answerable
to Minister
Administered
by a Board of
Commission
Members

6. EVOLUTION OF ROLES AND FUNCTIONS OF SSM
6
TRADITIONAL ROLES
Strictly regula?ng companies and businesses
EVOLVED ROLES
Promo?ng business growth and upholding strict compliance
with governing framework (including CSR, Training and
Products)

7. SSM’S STATUTORY FUNCTIONS
• Due administra?on of prescribed laws
• Agent for the Government in administering, collec?ng and payment of prescribed fees and charges
• Regula?on of corpora?ons and businesses
• Promote corporate governance, corporate responsibility and business sustainability
• Enhance and promote the supply of corporate informa?on
• Research and studies on corporate and business ac?vi?es
• Advising the Minister on corpora?ons and businesses in rela?on to the prescribed laws
7

8. COMPANIES COMMISSION OF MALAYSIA (SSM)
8
7
12
LEGISLATIONS
STATE OFFICES
7
7
BRANCH OFFICES
SERVICE CENTRES
1300EMPLOYEES
1,265,556
COMPANIES
16,067
LIMITED LIABILITY
PARTNERSHIPS
7,048,478
BUSINESSES
1,396
BIZTRUST
63,179
ONLINE BUSINESSES

9. 9
SSM’s INCOME STREAM

10. INCOME STREAM
REGULATORY
INCOME
NON-
REGULATORY
INCOME
10

11. REGULATORY INCOME
REGULATORY
INCOME
SERVICE
INCOME
• Companies Act 1965 & 2016
• Registration of Businesses Act 1956
• Limited Liability Partnerships Act 2012
• Interest Schemes Act 2016
COMPOUND
• Companies Act 1965 & 2016
• Registration of Businesses Act
1956
CORPORATE
INFORMATION
• Company Information
• Business Information
• Limited Liability Partnerships
Information
11

12. NON-REGULATORY INCOME
NON-
REGULATORY
INCOME
CORPORATE
PRODUCTS
• SSM BizTrust
• Attestation of Good Company Standing
• Digitally Certified True Copy
• Company Watch
• Corporate & Business Data (CBID)
CORPORATE
TRAINING
• Training for Directors
• Company Secretaries
• Auditors
• SSM National Conference
NON-OPERATING
INCOME
• Investment
• Property Rental
• Miscellaneous Income
• Staff Financing
12

13. SSM’S EXPENDITURE
13

14. EXPENDITURE
CAPITAL
EXPENDITURE
(CAPEX)
OPERATIONAL
EXPENDITURE
(OPEX)
14

15. CONTRIBUTION TO THE GOVERNMENT
15
¡ 30% of the net annual surplus is paid to
the Government (Federal Consolidated
Fund)

16. TO ENSURE SUSTAINABILITY
16

17. TO MAINTAIN SUSTAINABILITY
v Transform
v Diversify
v Create Innovative Products and Services
v Create Strategic Partnerships
17

18. 18
THANKYOU