Insight - The provision with a capital alphabet and a capital-sized liability
Mohd Khaidzir Shahari and Darren Lee Siet Loon from KPMG Risk Consulting shared their views on how Malaysian corporations seem to have a relaxed perception towards the impact and implication of Section 17A.
They further explained that the act of giving a bribe in this country has always been associated with an individual, and rarely would a corporation or organization feel the pain from the individual being found guilty, beyond the inevitable but often transient reputational damage – one tends to quickly forget.
They also touched on the importance for business leaders to accord Section 17A the weight it deserves.
Read the full commentary as published in The Star or read the online commentary here.
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