Guidelines on Adequate Procedures


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

ON Dec 10, 2018, Prime Minister Tun Dr Mahathir Mohamad launched the “Guidelines on Adequate Procedures”, which seek to provide further clarity on the soon-to-be-enforced Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act.

Under the new legal provision, commercial organisations in Malaysia such as companies, partnerships and limited liability partnerships are required to introduce “adequate procedures” to prevent acts of corruption related to the organisations.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 31
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Rubberex proposes RM78.6mil share placement for capacity expansion�
George Kent posts 14-month net profit of RM48.7mil
FBM KLCI falls 16.81 points; 784 stocks in red
Serba Dinamik denies Abu Dhabi contract is a RPT
Record net profit for Comfort Gloves
Cryptocurrencies tumble amid China crackdown on bitcoin miners
Stocks fall as hawkish Fed reverberates; Treasury yields slide
Moody’s: Chinese banks’ asset quality, capitalisation stable
Oil prices climb as Iran nuclear talks drag, summer demand aids
ESG related projects require RM45b financing in next 5 years

Stories You'll Enjoy


Vouchers