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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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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