Corporate compliance management requires knowledge and understanding of the structure of regulatory bodies, function and responsibilities towards the regulation of the conduct of the entity called corporation. It is a corporation objective to be a good corporate citizen, saving cost on compliance and in line with corporate governance. Thus knowledge and understanding of the regulatory bodies’ respective structure and function is important to facilitate public private cooperation towards governance of a corporation.
This unit describes the regulatory framework for the regulation of companies in Malaysia under the Companies Act, 1965 (Companies Commission of Malaysia) (sub unit 5.1), regulation of public listed companies by the Securities Commission (SC) and Bursa Malaysia (BM) (sub units 5.2 and 5.3) and duties of companies under the EPF Act 1991 (sub unit 5.4).
In addition, this unit also explains the other regulatory authorities established under the various Acts and Code such as SOCSO (sub unit 5.5), Inland Revenue Board of Malaysia (IRB) (sub unit 5.6) and corporate governance (sub unit 5.7).