SSM campaign for better governance

Dr Azman believes greater compliance within the corporate ecosystem will help build better integrity and transparency for the benefit of the nation. – Photo by RAJA FAISAL HISHAN/The Star

THE Companies Commission of Malaysia (SSM) recently announced the upcoming launch of a key campaign designed to encourage the corporate community to comply with the provisions of the Companies Act 1965 and the Companies Act 2016.

For a limited period, SSM will be offering discounts of up to 90% on penalties and compounds levied on companies that have been negligent in certain areas of compliance, specifically, the failure to submit audit and financial statements and annual reports, among other non-compliant areas.