Corporate Liabilities Provision, S17A MACC Act
The Corporate Liability Provisions of the Section 17A of MACC (2018 Amendment) Act came into force on 1 June 2020. This act emphasizes the responsibilities of a commercial organization in corruption prevention.
Section 17A provides that commercial organizations are liable for the corrupt acts involving giving of bribes of its “associated persons” which include directors, controllers, management and third parties perform services on the organization’s behalf. In its defense, a commercial organization must prove that that they have “Adequate Procedures” in place to deter all associated persons from committing giving of bribes.
It is essential for all associated persons in your organizations to be aware of and understand the implications of their actions at the workplace. Awareness and training, therefore, can help shed some light on your understanding the spirit of the letter of the law and make sense of the legalities behind the Corporate Liabilities Provision and what it means for your company, your people & your stakeholders.
We conduct a range of trainings for a range of audience, from Board to management level and employees of organisations. The trainings include interactive awareness sessions on MACC Act, S17A Corporate Liability Provisions, Adequate Procedure Guidelines, various anti-corruption measures and tools including Corruption Risk Management (CRM), Whistleblowing reporting channel, integrity assessments, sharing of case studies and walkthrough exercises.
We collaborate with The ICLIF Executive Education Center of Asia School of Business (ICLIF-ASB) under Bank Negara Malaysia (BNM), to organize public seminars, as well as conduct customized one-on-one training sessions for both public and private companies to develop a range of modules to meet your training requirements including:
- Raising Defences: Section 17A MACC Act;
- Dawn Raid: Don’t Be Caught Unprepared; and
- Corruption Risk Management Training.
We work closely with a team of knowledgeable and experienced professionals in governance and anti-corruption fields. We also invite special guest speakers to be part of the platform of sharing knowledge and experiences. This include Tan Sri Abu Kassim, former Chief Commissioner of MACC; Dato’ Muhammad Salim Sundar Abdullah, former Deputy Commissioner of MACC; and Dato Paduka Muhammad Juanda Abdul Rashid, former Director of Anti-Corruption Bureau Brunei.
Talk to us about your training needs and we’ll help you get started!