Strengthening Governance

Executive summary

From 1 June 2020, the highly anticipated Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act will take effect. This means that the top management – including the board of directors – may be liable regardless of if they had knowledge of the corrupt acts committed. This new provision has thrown a spotlight on the role of the private sector in relation to one of the hottest topics in Malaysia today. The adequate procedures issued follows a framework denoted by the acronym TRUST. Click on the document to find out more.