MIA symposium to discuss if Enron could happen again

Board gender diversity, integrated reporting and cyber risk are among the issues that will be discussed at the Corporate Board Symposium 2017 organised by the Malaysian Institute of Accountants (MIA) in Kuala Lumpur on Oct 25.

The one-day event seeks to aid participants in increasing overall board effectiveness by keeping abreast of the new corporate governance code, drive gender diversity on boards by generating concrete strategies to increase the number of women on boards, and successfully overcome challenges and assessing readiness in adopting integrated reporting in Malaysia.

The event will also touch on advancing corporate governance culture by embracing transparency in board remuneration, devising the necessary steps to avoid Enron Corp-like incidents in Malaysia, improving information technology governance through mitigation of technology and cyber risk, as well as evaluating board composition by assessing the implications of having politicians on board.

An all-women panel will discuss the issue of enhancing gender diversity on the board. The panellists are Malaysia Professional Accountancy Centre CEO Datuk Zaiton Mohd Hassan, Caring Pharmacy Group Bhd chairman Datin Sunita Mei-Lin Rajakumar, and LeadWomen Sdn Bhd CEO and founder Anne Abraham. It will be moderated by PricewaterhouseCoopers Malaysia managing partner Sridharan Nair.

In another session, Institute of Internal Auditors Malaysia past president and governor Vijayam Nadarajah will talk about ensuring effective governance by improving communications between the board and management.

“Management cannot properly follow the mandates and views of its board of directors if these are not communicated in an effective and timely manner. Thus, information flow between the board and management is critical to the proper functioning of both, as well as to the execution of a company’s strategic plan and many other critical processes.

“This session identifies strategies to improve communication between board members and the management, and hence heighten governance,” according to information made available on the session.

“Enron: Could It Happen Again” is the topic of a session led by Coalition for Business Integrity Bhd director Lee Min On and Azmi & Associates partner of corporate, mergers and acquisitions Norhisham Abd Bahrin. It will be moderated by the Association of Chartered Certified Accountants Malaysia advisory committee past president Devanesan Evanson.