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Governance in Malaysia

This event is part of the Governance around the world series of events. This series aims to equip investors and multi-national organizations with an understanding of national approaches to governance and prevailing imperatives.


“From the Securities Commission Malaysia (SC) perspective, institutional investors play a critical role in driving good corporate governance in the country. From our observation, there are some opportunities for improvement in various aspects of stewardship.”


For one, it wants to see more transparency with regards to the discharge of institutional investors’ stewardship role – “There is recognition that institutional investors have been engaging investee companies on governance issues, but information on the issues discussed and the outcome of their engagement are limited.”


The SC also urges institutional investors to be more vocal about corporate practices that raise governance concerns, and take a stand on corporate governance issues such as gender diversity or long-serving independent directors — two practices that have remained at the lowest level of adoption among the practices stipulated in the Malaysian Code on Corporate Governance.


This event provides key information about the status of corporate governance in Malaysia from both an investor’s perspective as well as that of the regulator.

Further Reading


Paul Chan

President, Malaysian Alliance of Corporate Directors

Paul is President and Founding Board Member of the Malaysian Alliance of Corporate Directors (MACD) and is an Executive Committee Member of Global Network of Director Institutes (GNDI). Paul works with the Malaysian business community and the wider South East Asian market, and with GNDI member bodies.


Paul’s professional, business and corporate experiences span four decades in leadership capacities in Public Accounting, Auditing, Financial, Business and Corporate Advisory Services in a variety of industries. He has served over a dozen Boards and Committees ranging from Publicly Traded Companies, Private Companies, Regulatory Committees and not-for-profit Professional Institutions; he is an all-rounded corporate professional.


A Chartered Accountant, a Fellow Member of ACCA (Association of Chartered Certified Accountants, UK), ICSA (Institute of Chartered Secretaries & Administrators, UK) and CPA Australia, respectively, he is also an NACD Governance Fellow and an NACD Board Leadership Fellow of the National Association of Corporate Directors, USA.


Paul was, respectively, the President of ACCA Malaysia and Malaysian Institute of Chartered Secretaries and Administrators, a Council and Executive Member of Malaysian Institute of Accountants, Secretary General of Malaysian Institute of Corporate Governance and had served on the International Council of ICSA (UK).

Dr Kheng Min Loi

President of ABMS-MY

Dr KM Loi Has A Mechanical Engineering Background With Post Graduate Management Degrees (MBA-Strathclyde & DBA-UUM) And Has Fifteen (15) Years Of Hands-On Working Technical Experience In The Manufacturing Environment Covering Food & Beverages, Chemical Process, Medical Devices, Rubber And Plastic, Metal Industries, Serving In The Laboratory, Quality Assurance, Manufacturing And General Management Functions.


Dr KM Loi has another twenty five (25) years of management skill in quality consulting, training and auditing with wide exposure to various industries in the context of ISO 9001, ISO 14001, SA 8000, ISO 13485, ISO 37001 & IATF 16949 certifications and good manufacturing practices. He has expanded his experience and knowledge into Corporate Social Responsibility (CSR), Governance, Risk, Integrity, Compliance and Ethics (GRICE) components. He has also attended an Advanced Training program in Total Quality Management under SIDA programme (Sweden).


Dr KM Loi, has been appointed as the Vice Chair of ISO/PC 278, a Project Committee which is responsible for the development of ISO 37001:2016 – Anti-Bribery Management System standard. He has been involved in ISO standard development since 1995 and represented Malaysia as expert in ISO/TC 176 (ISO 9001-QMS); ISO/TC 207 (ISO 14001-EMS); ISO/TMB/WG Social Responsibility (ISO 26000) and ISO/TC 309 – Governance of Organizations.


With a long-standing background in anti-corruption advocacy work since 2000, he has served as Deputy President (2015-2017) and Secretary-General (2013-2015) of Transparency International Malaysia and a Vice Chair of UNCAC Coalition (2015-2017). He is also a certified ISO 37001:2016 Tutor and Lead Auditor. Attended three (3) International Anti-corruption Academy (IACA) Regional Summer Programs in Beijing, China (2018), Seoul, Korea (2019) & Laxenburg, Austria (2020)

Reinushini Chandrasegaram


Reinushini Chandrasegaram brings more than 22 years of leadership and professional experience in the areas of compliance, corporate governance, internal audit, ESG and sustainability, risk, anti-corruption, advisory and consultancy. Her wide executive experience in multi-national companies and public listed companies encompassing oil & gas, manufacturing, construction, oil palm plantation, hotels & resorts, property development, education, granite quarrying, and gaming, has provided her with much insights into complex industry, business eco-system and governance.

She is Chair of Professional Development, Malaysian Alliance of Corporate Directors (MACD) and Policy Committee Member of Global Network of Director Institutes (GNDI).

She is in the Panel of Assessors of Institute Integrity Malaysia (IIM) for the national “Integrity, Governance and Anti-Corruption Award” (AIGA 2022). She is the appointed writer and facilitator of Compliance Professional Education Modules by Securities Industry Development Corporation (SIDC) for the capital market.

She is a valued advisor to the Boards of the organisations she engages with in her current executive capacity as CEO and Principal Consultant of RC Compliance Consultancy, a boutique compliance advisory and consultancy firm in Kuala Lumpur, Malaysia. 

She engages with the Boards and C-Suite of major organisations in a broad range of industry sectors on:

  • Advisory on Corporate Liability provision [Section 17A of Malaysia Anti-Corruption Commission (Amendment) Act 2018/UK Bribery Act 2010]
  • Advisory on ESG and sustainability
    • Advisory and review on corruption risk assessment and management (CRA/CRM)
  • Development of Organisational Anti-Corruption Plan (OACP)
  • Evaluation of compliance programs for anti-money laundering and anti-corruption
  • Develop and delivery compliance training programs for organisation-wide roll out
  • Establishing the ISO37001:2016 Anti-Bribery Management System (ABMS)

Her substantial hands-on professional expertise in business integrity & compliance, risk management, internal controls, internal auditing, corporate governance, sustainability, corruption risk assessment, emerging risks, fraud detection and prevention, integrity & ethics training, compliance reviews, whistleblowing and fraud investigations, international sanctions, anti-money laundering, human rights and 3rd party due diligence, enables her to provide targeted advisory in these critical business spheres.

She is well versed in the governance requirements of Bursa Malaysia’s Main Market Listing Requirements. In her executive roles in internal audit and governance in conglomerates, she was part of the Working Committee of the Compliance Committee of the Board of Directors, where she advised on Bursa Malaysia governance requirements. Within her internal audit career, she has developed and implemented internal audit and risk management frameworks and programs, instituted governance reforms, overhauled existing practices to align with international control frameworks and established improved measures to revitalise business specific functions across the plantation, property development, construction, manufacturing, hotels & resorts, education, granite quarrying, and gaming sectors.

In her previous executive role as Compliance Officer and Advisor, Business Integrity and Compliance Division Head of Aker Solutions, she developed, implemented and managed Aker Solutions’ Compliance Program throughout the Global Products Delivery Centre. She has an exemplary record of elevating compliance and inculcating a culture of integrity, instituting Compliance Week within the Asia Pacific region, South America, Africa and Europe. She completed significant advisory assignments, compliance reviews, investigations and provided substantial insights into compliance which uplifted the global compliance program, aligning compliance strategies, risk and governance. Her track record on all these initiatives contributed to improved levels of business integrity and compliance, achieving targeted performance and KPIs in the respective areas.

She led in-house ethics, business integrity, governance, sustainability, compliance, risk, internal audit professional reviews and knowledge sessions in Europe, Africa and Asia Pacific. Her thought leadership on anti-corruption compliance best practices and internal audit has been published in professional journals, national newspaper and internal global company arena.

Previously, she was the technical resource on internal audit for Institute of Internal Auditors Malaysia as the Corporate Services Manager, fielding all queries from members related to internal audit, developed and implemented the framework for the inaugural Internal Auditor of the Year Award (2000) and was technical assistant to the Project Director on the industry led Task Force on Internal Control formed by Bursa Malaysia to formulate the Statement on Internal Control – Guidance for Directors of Public Listed Companies.

She speaks at national and international professional forums and conferences and frequently facilitates programs for Directors, C-suite and Senior Management. She is an appointed speaker of programs she develops for the Securities Industries Development Corporation (SIDC), the training and development arm of Securities Commission Malaysia. She develops and delivers programs for Institute of Internal Auditors Malaysia (IIAM), Malaysian Institute of Accountants (MIA) and Malaysian Alliance of Corporate Directors (MACD).

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