Malaysian Alliance Of Corporate Directors (MACD)

Join the SID Directors Conference 2024 - "Directorship in Transition: Redefining Roles, Risks, and Results" Explore the evolving landscape of corporate governance at this one-day conference. Whether you're a seasoned director or new to the boardroom, this event offers valuable insights, peer learning opportunities, and the latest industry best practices. Lead with confidence into the future of governance. As a Community Partner, MACD members enjoy up to S$150 off the public rates. For more details, visit https://lnkd.in/gMgyT5FA #CorporateGovernance #Leadership #DirectorsConference #Boardroom #Governance #MACD #SID2024

🚀 Unlock Unparalleled Opportunities with Top Industry Leaders! 🚀 Dive into the interactive sessions to explore cutting-edge trends and revolutionary strategies in people and culture management on 6 & 7 August at Aloft KL Sentral! 🔹 Build meaningful connections with top executives and innovators. 🔹 Participate in engaging forums, interactive workshops, and insightful fireside chats. 🔹 Get answers to your burning questions on top corporate challenges. Don’t miss your chance to elevate your professional journey and network with the best. 🎟 Grab your early bird ticket now at peopleandcultureconference[dot]com (Click here: https://lnkd.in/eJm5iJSk) Supported by: 30% Club Malaysia Malaysian Alliance Of Corporate Directors (MACD) LeadWomen Speak Up Malaysia

We are pleased to share the GNDI Board Performance Evaluation Guideline 2024, published by the Global Network of Director Institutes (GNDI). Paul W Chan #Boardevaluation

Wishing all our members, business partners, and associates Salam Aidilfitri, Maaf Zahir dan Batin, and may the holiday season ahead be filled with joy and blessings for everyone. #SelamatHariRayaAidilfitriMaafZahirBatin #Aidilfitri2024

Wishing all our members, business partners, and associates a Happy Chinese New Year 2024! #HappyChineseNewYear2024!!! #cny2024

What next for normative accounting in 2024... The break was healthy to reflect on where to focus Rethinking Capital's energy in 2024. As explained in the attached document, our 2024 program will focus on enabling a thoughtful transition of the Interpretations Committee's decisions from standards into use in practice by the end of the year. And to enable companies to recognize both a provision for a net zero transition commitment but also investments purposed to meet it as appreciating assets in real decisions by Q4 2024. A transition within one accounting year is quite ambitious but achievable. It's achievable by focusing on a few relationships within a small number of stakeholder groups and a small number of concrete asks. A one-year transition also has precedent in other accounting changes introduced in the past—the last being accounting for share options—which began with a note to the financial statements in the first year before being fully accounted for in the next year's statements. The first quarter of 2024 will seek to leverage the two unexpected effects of the IFRIC decision. The first is that the decision is still tentative and will only be ratified on 5/6 March 2024 while companies are preparing their FY23 statements. The second is that, in effect, the IFRIC decision is retrospective—in that if a provision is to be recognized now then it should already have been recognized in previous financial years in which the net zero transition commitments were first made and actioned. Those effects seem to move the issue of whether or not to recognize a provision in Q1 2024 from an accounting and audit issue into a board governance issue--requiring the board to ensure independence by taking the decision today out of the hands of those who decided not to recognize a provision in previous years. As a former General Counsel this feels like good legal and governance practice. We have standard suggested wording available for anyone who wants to respond to the IFRIC consultation by 5th February. Please mail me on LinkedIn and I'll share this. And will be releasing other standard documents to guide how to make the independent decision in Q1 2024. And so it begins...please share this widely. Rebecca Kershaw Bridget Jackson FICRS Sagarika Chatterjee Sarah Kemmitt Harriet Harthan Emily Farnworth Pim Valdre Martina Tessari Kerry King Mark Manning Sepi Roshan, CA, MSc Richard Giles Rob Zochowski Katie Panella Ira Poensgen Narayan P.S. Lingaraj Dinni Paul Munter Radhica Kanniganti Brian Harper Charlotte O'Leary Surabi Menon Michael Hugman Dean Cambridge Alexandra R. April Mackenzie Charis Halliday Sébastien Harushimana, FCCA Vincent Thomas Papa Blomme Hilde James Vaccaro Alan Gómez Fiona Watson Patrick Schröder

🌐   Building Partnerships: Insights from MACD's Successful Day 🚀   Thrilled to share the success of two impactful meetings in a single day on Thursday, 4 January 2024! Morning with HRDCorp and afternoon with Institut Integriti Malaysia (IIM).   HRDC: Gratitude to Puan Nur Hafiza Harun (Head of Department, Central Region) and Puan Munirah Mohamed Shaharuddin (Senior Associate, Stakeholder Engagement – Central Region) for shaping MACD's path in the ESG program. Special thanks to MACD members Mr. Tan Meng Chai, Datuk Fazlur Rahman, and Mr. Loong Caesar for their time and enriching discussions on corporate governance.   IIM: Thanks to YBhg Datuk Nor Yahati binti Awang, IIM CEO for hosting MACD's visit. Discussions with Prof Paul Chan, Dato' William Ng, and Ms. Reinushini Chandasegaram laid the foundation for collaboration. Exciting outcome - agreement on GNDI 2025 collaboration!   Focus on Integrity with IIM: Discussions explored strategic collaborations, emphasising integrity and good governance. Proposed CISM implementation aims to assess and foster integrity within organisations, aligning with ESG standards nationally and internationally.   What's Next in 2024: As we step into 2024, anticipate productive programs, enhancing skills, and knowledge. Stay connected for real-time updates on our LinkedIn page.   Your trust propels us forward. Looking forward to an impactful journey together in 2024!   #MACD ##IIM/HRDC StrategicCollaboration #ESG #Integrity #CorporateGovernance #GNDI2025 🚀     Paul W Chan | Samantha Tai Yit Chan | Michael Marquardt | Adelena Lestari Chong, CFA | William Ng | Reinushini Chandrasegaram, FCCA, CIA, MBA(UK),CAMCO, CeIO | ella ali

Wishing all our members, business partners, and associates a year filled with prosperity and success. Here's to another year of thriving in the business world! #HappyNewYear2024!!!