289 Course summary

Congratulations! You  have  successfully  completed  reading  all  five  units  of  the  course material. They  gave  you ideas  on  basic  compliance  and  compliance management  in  corporations. With  this knowledge, you should be able to explain the various legislative  requirements,  forms  used  and  procedures  to  be  followed  in  compliance management. This will enable you to advise directors  on compliance issue and risk on non-compliance.

Unit 1 provided you with a basic understanding of various types  of  companies  and  discussed  the differences  between  the  private  limited and public limited companies. It explained the procedures  of  conversion  of  status,  incorporation,  filing  of  documents  and  stamp duties needed to be paid by corporation. It also explained the  importance  of  the  first  directors meeting  before  the  actual  commencement of business of a newly incorporated company.

Unit 2 covered the Memorandum of Association and the Articles of  Association  of  the  company.  It  highlighted  the  alteration procedures involving the company‘s name, the objects clause, and  change of name of company. It further explained the importance  of directors’ and auditors’ roles in governance.

Unit  3  focused  on  knowledge  of  shares  of  the  company.  It introduced  types of  share  capital made  available by  the Act,  the procedures  and  circumstances where  share were bought back by  the  company  itself. This  sub  unit  also  covered  procedures  for registration of charges and its consequences of non-registration.

In Unit 4, we  highlighted  the  knowledge  on  arrangements  and  reconstructions  of  company.  In  order  to  let  you  appreciate  the  down  side of  the companies, procedures  for application  to court  for arrangements and  reconstruction, qualification and  liabilities of receivers, the priority of payment by the receiver to various parties  were discussed. Lastly, you learnt also the various types of winding  up and its respective procedures of winding up.

Finally,  in Unit 5, we  concluded with  various  regulatory bodies  which  are  relevant  to  compliance management. You were  also  exposed to corporate governance and the need to comply with the  Malaysian Code of Corporate Governance.

We hope you have enjoyed reading and gain adequately knowledge  concerning Corporate Compliance Management.


BCS 202/05 Corporate Compliance Management Copyright © 2011 by Wawasan Open University. All Rights Reserved.


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