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:

Corporate Governance Policies

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

Corporate Governance Diagnostic Assessment

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

Corporate Governance Disclosures

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)

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Group Governance Framework

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

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Compliance Review

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