How Ready is Your Organization to Meet Section 17A of the MACC Act 2009?
This webinar aimed to provide you an understanding of Corporate Liability Provision under the new Section 17A of Malaysian Anti-Corruption Commission Act (MACC) 2009 and how to better prepare your organization for compliance.
Sep 07, 2021, 10:30
Sep 07, 2021, 11:30
The MACC Act 2009 has been amended to introduce corporate liability provision under Section 17A which came into effect on June 1, 2020.
This amendment enables organizations involved in corruption activities to be subjected to legal action and persons associated with the organizations, be it directors, officers, partners and management will be held liable for not preventing the corrupt acts from happening.
Penalty for the offence shall be a fine of not less than 10 times the value of the gratification in question or RM1 million, whichever is higher or imprisonment for not more than 20 years, or both.
The objective of this webinar (45-minute presentation / 15-minute Q&A) is to:
- Introduce the amended MACC Act 2009 that incorporates corporate liability provision, which came into effect on 1st June 2020
- Describe its consequences on the organizations, directors, partners and the management.
- Discover brief overview steps to mitigate bribery risk and defend against its charges
Overview of MACC Section 17A
Implications on organizations and the management
Action plan to defend against Section 17A charges
Directors, senior managers, compliance managers, corporate governance team , risk management practitioners, human resources manager, and any appointed person that oversees corporate ethics.
Cost: No Charge
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