SSM to CoSecs: Your License is on the Line. What Now?

A recent warning from the Companies Commission of Malaysia (SSM) has put company secretaries on high alert. With increased enforcement for non-compliance, the risk of hefty fines and even disqualification is now a serious reality for this often-misunderstood profession. But what does this mean for business owners and directors?

This news prompts a crucial conversation that goes far beyond paperwork. Joined by lawyer Sheba Gumis from Skrine and Chartered Accountants SS Gan of SS Gan & Co, we explore the true role of the company secretary as a key governance advisor, a steward for the board, and a vital officer of the company.

We discuss:

• The risks company secretaries face from SSM's enforcement.

• What "reasonable diligence" means in practice and how to prove it.

• Why the CoSecs are gatekeepers of governance, not just a filers.

• How directors can better leverage their CoSec as a strategic advisor.

• Red flags to watch for in both directors and CoSec services.

For business owners, directors, and company secretaries navigating this heightened regulatory environment, this conversation is an essential guide to compliance, risk, and corporate governance.

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