Fighting Corruption Update Session by Deloitte

Fighting Corruption: A New Era of Corporate Governance


Dear MOGSC Members,

With Malaysia actively fighting bribery and corruption, there have been legislative changes introducing a new corporate liability offence under Section 17A of the Malaysian Anti-Corruption Commission Act 2009 that holds corporations and their directors, officers and managers, potentially liable for failing to prevent such corrupt acts from taking place.
The penalties for such offence, which comes into force on 1 June 2020, are hefty – with fines of no less than 10 times the sum of gratification or RM1 million (whichever is higher) and/or 20 years imprisonment.
Deloitte Malaysia and MOGSC are pleased to jointly organise a breakfast talk where we will discuss Malaysia’s efforts to fight corruption.
You will have the opportunity to hear from Deloitte experts on how businesses can embrace the fight against corruption, the challenges to consider and how to prepare for this change. You will also get to learn the key financial crime risks facing Oil & Gas Services companies.
Date:   Tuesday, 11 February 2020
Time:   10.00am to 12.00noon
Venue: Deloitte Apollo Room, Level 15, Menara LGB, 1, Jalan Wan Kadir, Taman Tun Dr Ismail, Kuala Lumpur
Fee:     Complimentary
Limited seats:   30 pax

Register to: shafiq @ mogsc . org

Who should attend: Chief Executive Officers (CEOs), Chief Risk Officers (CROs), Chief Compliance Officers (CCOs), Chief Internal Auditors (CIAs), Chief Financial Officers (CFOs) and other governance professionals who wish to gain insight into this new ruling, as well as uphold accountability and brand image for their business in the long term. Due to seat limitation, priority will be given to Senior Management and C-suites on a first-come, first-served basis.

Thank you.

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