Friday, February 26, 2010
KUALA LUMPUR: Company secretaries must stand their ground when advising their board of directors in light of a recent landmark sentence against a company secretary.
Companies Commission of Malaysia (CCM) CEO Datuk Azmi Ariffin said the corporate world has to restructure their mindset about company secretaries because their responsibilities within a company was no longer merely administrative.
“Many company secretaries face the challenging task of advising the board of directors on governance issues which are usually controversial in nature, but if principles of integrity, professionalism and ethical conduct are not compromised, I believe they have succeeded in discharging their duties,” he said.
He cited a recent landmark case of conviction where a company secretary was fined RM30,000 in default, three months imprisonment.
Minyak Zaitun dan Wanita