Corporate Governance Corporate governance is defined as a set of policies and procedures affecting the way a corporation is administered. These policies and procedures are mechanisms required to ensure accountability of certain individuals who have great impact on the organization’s direction and goals. The next question will be “Who are these individuals?” they are none…
Category Archives: Corporate Advisory
When a listed company has cash and short term investments, making up at least 70% of its consolidated assets (this condition is referred to as “Cash Criterion”), it has to notify Bursa Malaysia immediately. Bursa will determine if this company is considered a “Cash Company”. In most cases, the listed company will need to determine…
What is PN17? In this article, I will talk about on listed companies that are classified as PN17. PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia; relating to companies that are in financial distress. Companies that fall within the definition of PN17 will need to submit their proposal to the Approving…
To strengthen the position of Bursa Securities as a conducive capital raising destination, the enhanced framework of the MESDAQ Market will be known as ACE Market effective 3 August 2009. Under the enhanced framework of the ACE Market, there will be certain streamlining of regulatory functions such as:- Securities Commission (“SC”) will continue to register…
This is a brief introduction to the unified board of both Main Board and Second Board companies under the Main Market. There is a need for Malaysia to enhance its competitiveness and to strengthen its position as a conducive capital raising destination. Addressing this issue, Securities Commission (“SC”) collaborated with Bursa Malaysia (“Bursa”) to review…
XBRL stands for eXtensible Business Reporting Language. It is an electronic communication of business and financial data language developed to present financial statement on the Internet. The key advantage of this new “language” is that an identifying tag is applied for each individual item of data instead of treating them as a block of text….
After touching briefly on the presentation of financial statements for an Islamic bank in my earlier article, we now move on to a little bit more detail. Let us look at the key differences in presentation of financial statements between conventional an Islamic banking. Statement of Financial Position (Balance Sheet) In conventional accounting, the balance…
Since accounting is very much to do with providing information to assist users of financial information to make sound decisions, financial reporting needs to be different in order to serve the different users. Major groups of financial report users for a financial institution are:- Shareholders Account holders and depositors (Clients of the bank) Borrowers and…
After the economic crisis in 1997, the need for good corporate governance mushroomed, to an extent whereby Malaysia issued its first Code of Corporate Governance in year 2000. Corporate governance is all about how the company, its employees and everyone involved with the company is managed. There are 4 pillars to corporate governance: transparency, accountability,…
During the early years of Islamic banking between the 1960s and 1980s, the main focus of these banks is to establish Islamic working framework within their national boundaries. There is no significant issue then that requires international attention. It is only until the creation of the inter-governmental Islamic Development Bank in 1994 that expanded Islamic…
