DIRECTOR RESPONSIBILITY UNDER GOOD GOVERNANCE

As a Director, we need to fully understand the responsibilities, fiduciary duties, and legal accountabilities entrusted upon us under the law. It is not merely a title, but a serious obligation that requires continuous learning, awareness, and ethical governance.

It is therefore essential for Directors to actively participate (which in courses, forums, conferences, audits, assessments, and governance-related programmes involving Anti-Bribery and Anti-Corruption, Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), MACC Act (esp 17A) CCMA, corporate governance, compliance, integrity, risk management, and regulatory requirements.

Over the years, I took my own initiative to be involved in programmes and engagements with organisations and authorities such as BNM, SC, SSM, ROS, CCM and many others. (I still do) Directors should take proactive initiative to equip themselves with knowledge, compliance awareness, and governance competencies instead of waiting until enforcement authorities issue summonses, investigations, or regulatory actions. Prevention, awareness, integrity, and accountability are always better than damage control after a crisis occurs.

Good governance is not only about protecting the company, but also protecting shareholders, employees, stakeholders, public trust, and ultimately the nation's integrity and economic stability.