Corporate Liabilities Provision, S17A MACC Act
Understanding Corporate Liability: Section 17A of the MACC (2018 Amendment) Act
The Corporate Liability Provisions under Section 17A of the MACC (2018 Amendment) Act, effective from 1 June 2020, impose significant responsibilities on commercial organizations to prevent corruption within their operations. Section 17A holds organizations accountable for corrupt acts involving the giving of bribes by their “associated persons,” which include directors, controllers, management, and third parties acting on behalf of the organization. To mitigate liability, organizations must demonstrate the implementation of “Adequate Procedures” that effectively deter associated persons from engaging in bribery.
Training Expertise
At VisionEthics, we specialize in comprehensive training sessions tailored for diverse audiences, from board members and senior management to all levels of employees. Our interactive programs cover crucial topics including:
- Understanding the MACC Act, Section 17A Corporate Liability Provisions
- Guidelines for Adequate Procedures
- Corruption Risk Management (CRM) and anti-corruption measures
- Whistleblowing protocols
- Managing Gifts, Entertainment, Sponsorship, and Donations
- Building an Integrity-Centric Culture, Ethical Decision-Making, and Assertiveness
- Integrity Assessments and Case Study Analyses
- Implementing effective monitoring and evaluation frameworks and tools
- Importance of effectiveness indicators
Our case studies are tailored to each organization, offering practical insights applicable across all management levels. We conduct pre and post-training evaluations to ensure effective knowledge transfer and skill enhancement. All training sessions are conducted in strict adherence to anti-corruption laws, regulations, and Adequate Procedures Guidelines.
Collaboration and Expertise
In collaboration with The ICLIF Executive Education Center of Asia School of Business (ICLIF-ASB) under Bank Negara Malaysia (BNM), VisionEthics organizes public seminars and customizes training modules for both public and private enterprises. Our specialized sessions, such as “Raising Defenses: Section 17A MACC Act,” “Dawn Raid Preparedness,” and “Corruption Risk Management,” are designed to address specific compliance needs and operational challenges.
Our team includes seasoned professionals in governance and anti-corruption, supported by esteemed guest speakers like Tan Sri Abu Kassim, former MACC official.
Get Started
Contact VisionEthics today to discuss your training requirements. Together, we can navigate the complexities of corporate compliance and integrity, equipping your organization with the knowledge and tools necessary to uphold ethical standards and effectively mitigate risks.