On 1 June 2020, the corporate liability provision of the Malaysian Anti-Corruption Commission Act (MACC Act) came into force with wide-ranging repercussions. Since then, there has been an increase in the number of corruption cases being charged in court. On 18 March 2021, Pristine Offshore Sdn Bhd became the first company to be charged under this Act.
This program seeks to provide an understanding of the corporate liability provision of the MACC Act, and its implications for boards and senior management. It will also delve into the definition of corruption and what would constitute adequate procedures to protect boards and senior management. The program will include discussion of case studies and suggestions on how to integrate the Organization Anti-Corruption Plan into the organization’s strategic and operational business plans.
At the end of the program, participants will be able to:
• Articulate the requirements of Section 17A of the Malaysian Anti-Corruption Commission Act (MACC Act);
• Define bribes and the implications of giving and accepting bribes;
• Gain knowledge on how to establish ‘adequate procedures’ as defence;
• Articulate the components of an Organization Anti-Corruption Plan (OACP);
• Learn how to integrate the OACP into strategic and operational business plans;
• Gain knowledge about measures to detect, prevent and respond to corrupt practices.
• Directors of companies
• Senior management of companies
• Legal Counsel
• Compliance Officers
• Persons associated with commercial organizations