Beneficial Ownership (BO) Who is a Beneficial Owner: A Beneficial Owner is always a natural person who ultimately owns or controls over a company through interest in shares and effective interest and includes an individual who exercises ultimate effective control over a company, regardless of whose name the shares are held in. Persons Responsible for …
Latest SSM Updates: Beneficial Ownership and MBRS 2.0 Submissions Read More »
As businesses look toward 2025, they are entering an era defined by rapid technological innovation, shifting market demands, and a stronger societal focus on sustainability. The lessons learned from the pandemic and the ensuing global disruptions have reinforced the importance of adaptability, long-term vision, and a holistic approach to business strategy. The next few years …
Business Planning for 2025: Embracing Change and Shaping the Future Read More »
Safeguarding your company’s assets is crucial for maintaining stability, ensuring operational efficiency, and achieving long-term growth. Whether these assets are tangible—like property, machinery, and inventory—or intangible, such as intellectual property, customer data, and brand reputation, they are the backbone of your business. Leaving them vulnerable to risks like theft, fraud, cyberattacks, or mismanagement can lead …
Employee well-being has become a focal point for modern organisations, impacting everything from productivity to employee retention. As businesses recognise that their most valuable assets are their people, the importance of fostering a healthy workplace culture has never been more evident. This article delves into the specifics of what constitutes employee well-being, the tangible benefits …
Employee Well-Being in the Workplace: Fostering a Healthy Culture Read More »
In today’s digital age, cyber security is not just a concern for large corporations; small and medium-sized enterprises (SMEs) are equally, if not more, vulnerable to cyber attacks. SMEs often face unique challenges due to limited resources and expertise. With cyber threats becoming increasingly sophisticated, it’s essential for SMEs to adopt robust cyber security measures …
The implementation of e-invoicing aims to support the growth of Malaysia’s digital economy and enhance the efficiency of its tax administration. E-invoices will replace traditional paper-based invoices, improving the efficiency of recording financial transactions and facilitating real-time data collection. The Inland Revenue Board of Malaysia (IRBM) has outlined specific requirements and the various methods available …
E-invoice: What Is Mandatory and What Are The Options To Transmit E-invoices to IRBM Read More »
In the realm of modern business operations, where data reigns supreme and regulatory scrutiny is ever-increasing, the role of artificial intelligence (AI) in bolstering internal controls and compliance mechanisms has become paramount. With its ability to analyse vast amounts of data, detect patterns, and make decisions with minimal human intervention, AI offers a transformative solution …
The Role of Artificial Intelligence on Internal Controls and Compliance Read More »
Internal controls form the bedrock of a company’s governance structure, encompassing a multifaceted set of mechanisms and procedures designed to safeguard assets, ensure financial accuracy, and fortify operational efficiency. In this article, we will delve into the definition of internal controls and explore their significance in the corporate landscape. Defining internal controls: Internal controls encompass …
What Are Internal Controls and Why Are They Important Read More »
In today’s dynamic business landscape, where the impacts of climate change, social inequality, and ethical considerations are more apparent than ever, organisations are increasingly recognising the need for comprehensive sustainability reporting. The evolution from traditional financial reporting to Enhanced Sustainability Reporting signifies a paradigm shift towards a holistic understanding of corporate responsibility. This article explores …
Enhanced Sustainability Reporting: Elevate Sustainable Practices and Disclosures Read More »
Setting your business up for success in 2024 requires a combination of strategic planning, adaptability, and a proactive approach. As we prepare to bid farewell to 2023 and lay the groundwork for a thriving 2024, here are 7 practical tips to ensure your business is well-prepared for the challenges and opportunities that the year 2024 …