Governance and Regulatory Compliance continues to be complex business challenge. As new laws and regulations are introduced, their requirements challenge boards to greater levels of transparency, objectivity and professionalism. Increased accountability and potential exposure to liability means directors need to ensure that corporate governance standards are adhered to and robust compliance management systems are in place.
Within this context, KPMG aims to assist the board and senior management of organizations to enhance their governance and regulatory compliance mechanisms through:
• Review, enhance and/or facilitate the development of corporate governance policies
• Benchmarking of policies against the enumerations of the Companies Act 2016, Listing Requirements by Bursa Malaysia Securities Berhad, the Malaysian Code on Corporate Governance and other governance-related better practices
• Review the existing corporate governance framework of your business
• Assess your existing governance practices against the enumerations of the Companies Act 2016, Listing Requirements by Bursa Malaysia Securities Berhad, the Malaysian Code on Corporate Governance and other governance-related better practices
• Engage with your key board members and senior management for their perspectives on corporate governance
• Recommend enhancements to your existing governance practices
Facilitate the drafting/review and enhancement of balanced, meaningful and comparable disclosures in the:
• Corporate Governance Overview Statement and Corporate Governance Report
• Statement of Risk Management and Internal Control
• Audit Committee Report
• Nomination Committee Report
• Management Discussion and Analysis (MD&A)
• Review and/or develop a group governance framework and structure
• Gather feedback from your board on the merits and demerits of the current model
• Consider a centralized or decentralized model alongside the modalities that entail identifying improvement considerations and recommended action plans
• Develop a policy document on the overview of a compliance framework
• Review and/or develop matters reserved for the board relating to oversights on group compliance
• Review and/or develop the terms of reference of the compliance committee, the risk committee and the compliance charter
• Review and enhance the existing compliance structure
• Develop standard operating procedures, including policy instruments such as templates, checklists and forms
• Develop a compliance training document
• Benchmark against legislations/requirements/principles/guidelines/betterpractices
