Date post: | 07-May-2015 |
Category: |
Government & Nonprofit |
Upload: | corporate-registers-forum |
View: | 452 times |
Download: | 1 times |
SSM’s CORPORATE RESPONSIBILITY INITIATIVES : A STRATEGIC COLLABORATION BETWEEN
SSM & UNICEF ON ENCOURAGING RESPONSIBLE BUSINESS & CHILD RIGHTS IN MALAYSIA
NORHASLINDA SALLEH HEAD, CORPORATE PLANNING & STRATEGY
COMPANIES COMMISSION OF MALAYSIA
WHY THE COMPANIES COMMISSION OF MALAYSIA DRIVES CR?
The Companies Commission of Malaysia (SSM) is placed in the bestposition to drive the CR culture among the corporate and businesscommunities in Malaysia.
WHY?
SSM is theRegistrar ofcompanies,businesses andlimited liabilitypartnerships in
in Malaysia.
SSM serves asthe startingpoint to dobusiness inMalaysia.
Existence ofSSM’sorganizationallinkage andnetworking.
Availability ofa ready pool ofauxiliarysupportiveelements.
SSM’S STATUTORY FUNCTIONS
3
7. Advising the Minister on corporations and businesses in relation to the prescribed laws
1. Due administration of prescribed laws
2. Agent for the Government in administering, collecting and payment of prescribed fees and charges
3. Regulation of corporations and businesses
4. Promote corporate governance
5. Enhance and promote the supply of corporate information
6. Research and studies on corporate and business activities
Companies Act 1965
Trust Companies Act 1949
Kootu Funds (Prohibition) Act 1971
Registration of Businesses Act 1956
Subsidiary legislations under the above Acts
Promotion through SSM’s CR Agenda
Limited Liability Partnerships Act 2012
Foreign4,569
*As at 28 February 2014
NUMBER OF COMPANIES INCORPORATED
4
TOTAL COMPANIES : *1,071,118
TOTAL ACTIVE COMPANIES : 444,544
LOCAL COMPANIES : 1,066,545
FOREIGN COMPANIES : 4,573
AVERAGE REGISTERED PER YEAR : 42,250
AVERAGE REGISTERED PER MONTH : 3,860
* As at 28 February 2014
TOTAL BUSINESSES REGISTERED
5
TOTAL BUSINESS REGISTERED: 5,355,928
TOTAL SOLE-PROPRIETORSHIPS: 4,235,967
TOTAL PARTNERSHIPS: 1,119,961
AVERAGE PER YEAR: 261,897
AVERAGE PER MONTH: 27,490
Launched: 5 February 2013
*Total LLPs: 1,810
LIMITED LIABILITY PARTNERSHIP ACT 2012
*As at 28 February 20146
THE SSM CR AGENDA
Developed pursuant to SSM’sStrategic Direction Plan II (2010-2014) which envisages SSM as thedriver of CR by the end of 2014.
Agenda was launched on 30 June2009.
This Agenda with a tagline“Driving Business BeyondProfitability”, sets out SSM’sstrategic framework whichoutlines SSM’s approach ininculcating the culture of CRamongst companies & businessesin Malaysia, focusing on SmallMedium Enterprises (SMEs).
OBJECTIVES:
1. To nurture the culture of CR in the Malaysian business environment;
2. To encourage all companies to strive in striking an equilibrium between the
quest for profitability and creating a sustainable living environment;
3. Inculcate a corporate culture among Malaysian corporate players that values
and recognizes all CR initiatives pursued by corporations demonstrated as
creating premium for companies and businesses; and
4. Pursue and propagate good corporate governance in a more holistic basis.
THE SSM CR AGENDA PARAMETER
• Comprise of Malaysia Anti-Corruption Commission (MACC),Companies Commission of Malaysia (SSM), Malaysia Institute ofIntegrity (IIM), National Key Result Areas (NKRA) Anti-Corruption,Performance Management & Delivery Unit (PEMANDU), BursaMalaysia Berhad, Securities Commission & TransparencyInternational Malaysia
• To implement the Corporate Integrity System Malaysiaa
CORPORATE INTEGRITY
SYSTEM MALAYSIA
ROUNDTABLE MEMBERS
FORMATION OF STRATEGIC ALLIANCES
To collaborate in the area of CR, mainly focusing on research andadvocacy
To collaborate in the area of CR and corporate integrity
To collaborate towards enhancing the well-being of children throughthe practice of CR
NATIONAL UNIVERSITY
MALAYSIA INSTITUTE OF
INTEGRITY
UNICEF
WHY SSM & UNICEF ?
Formed a strategic partnership where a win-win to implement SSM’s CR agenda and UNICEF to make aware on responsible business and children’s rights.
UNICEF added value was to provide technical input in building institutional capacity (long-term) of SSM in children’s rights and business (advocacy documents and training).
SSM as a the regulatory body of all businesses and as a nationally mandated corporate registry are well positioned to set a change in business practice behavior especially in corporate responsibility.
BEST BUSINESS PRACTICE CIRCULAR (BBPC) 1/2010
11
Serves as a general guideline tofacilitate employers in setting upchild care centres at the work placefor their employees.
Touches on:I. The general legal and regulatory
framework;II. The general procedures for the
registration of child carecentres; and
III. The main principles of childcare.
TOOL KIT ON HOW TO SET UP A CHILD CARE CENTRE AT THE WORK PLACE
12
Complements the Best Business PracticeCircular 1/2010 on the Establishment ofChild Care Centres at the Work Place byCorporate and Business Employers
Touches on :I. The application of the principle of best
interest of the child;II. Recruitment of qualified staff;III. The importance of having child centred
programmes and curriculum;IV. The need for staff performance
monitoring;V. The need for human resource
management;VI. Financial resources; andVII. Registration procedures.
13
BBPC 2/2011 ENTITLED “ESTABLISHING A CONDUCIVE WORKING ENVIRONMENT FOR WOMEN: NURSING MOTHERS PROGRAMME AT THE
WORKPLACE”
• Highlights the role that companies andbusinesses can play in supporting familyand child-friendly environment at theworkplace by endorsing a nursing mother’sprogramme.
• Lists the basic components for a nursingmother’s programme and guides onestablishing a nursing room.
• Lists the tremendous implementationbenefits that employers will gain fromcontributing to a nursing mother’sprogramme at the workplace.
14
The objectives of this BBPC are :
To promote and support public-privatepartnership (PPP) in providing technicaleducation and vocational training (TEVT), asan alternative to mainstream educationespecially for school dropouts; and
To provide the corporate sector withguidance on responsible employment ofyoung workers who come from TEVTprogrammes, and respecting and supportingchildren’s rights based on the Children’sRights and Business Principles that waslaunched in Malaysia on 11th September2012.
BBPC 4/2013 ENTITLED“EDUCATION FOR SUSTAINABLE DEVELOPMENT: PROMOTING
TECHNICAL AND VOCATIONAL TRAINING (TEVT)”
VOLUNTARY DISCLOSURE OF CSR INITIATIVES
• SSM plans to introduce a provision that willencourage non-financial reporting - includesvoluntary reporting on CSR initiatives in the newCompanies Act in 2014.
• This would indirectly place companies in aposition to re-strategize their business operationsinternally and externally and in many cases willimpact consumers, employees, suppliers andcommunity stakeholders, including children.
The framework of the CRBP could provide guidance to many companies on howbest to formulate their CSR work and strategic engagement whether they arean SME part of a global supply chain or whether they are a public listedcompany committed to producing annual company sustainability reports andgenerally all companies as a whole.
BBPC 5/2013 ENTITLED “CORPORATE RESPONSIBILITY : GUIDANCE TO DISCLOSURE AND REPORTING
• Promote the importance and relevance ofcorporate responsibility (CR) disclosureamong companies and businesses inMalaysia.
• Raise awareness on disclosure in line withsocietal need and to provideunderstanding on the new non-financialreporting under the new Companies Act.
• Provide an overview of availableapproaches, tools and resources andstandards to facilitate an accurate andreliable disclosure.
The objectives of this BBPC are:
ENHANCING THE DOMESTIC LEGAL & POLICYFRAMEWORK ON CORPORATE RESPONSIBILITY
Various laws relating to CR:Environmental Law
Employment Relations LawConsumer Protection
Labour Laws
Ratified UN Conventions relating to CR:
UN Convention No. 8 (Elimination of Discrimination against Women)UN Convention No. 11 (Children’s
Rights)ILO Convention no. 138
(Minimum Age)
Bursa Malaysia Listing Requirements – PLCs:
Provide statement on CR activities in Annual Report –
Rule 9.25 read together with Item 29 of Appendix
9C
Khazanah Nasional Berhad – GLCs:
Silver Book: Achieving Value through
Corporate Responsibility
Directors’ Report
will cover additional
matters including policies
on internal control and CR
CURRENT FUTURE
FUTURE REPORTING ON CORPORATE RESPONSIBILITY
Business Review
(Director’s Report)
Environmental matter, including the impact
of the company’s business on the
environment
Relates to: environment content
Company’s Employees
Relates to: workplace content
Social and community issues
Relates to: marketplace and
community content
Information on any policies in relation to
above matters and effectiveness of those
policies
Document Information
ref: page 10 of BBPC 5/2013
INFORMATION ON CORPORATE RESPONSIBILITY REPORTING
ENVIRONMENT
CONTENT
WORKPLACE
CONTENT
MARKETPLACE
CONTENT
COMMUNITY
CONTENT
Relates to
company’s efforts
to protect and
preserve natural
resources and
environment.
Examples: -
initiatives to use
renewable energy;
reduce air and
water pollution;
and
reduce use of
hazardous
chemicals.
Relates to
company’s efforts
on improvements
towards working
benefits and
support.
Examples: -
improve wages,
pensions and other
employees
benefits;
improve health
and safety at the
workplace; and
establish nursing
mother’s facility.
Relates to
company’s efforts
to integrate
responsible
business conduct
into practice and
operation.
Examples: -
improve product
safety;
establish
customer
education; and
fair pricing.
Relates to
company’s efforts
to promote
economic
development.
Examples: -
community
engagement and
development;
improve local
infrastructure; and
community
healthcare or
education.
IMPLEMENTATION BENEFITS
ref: page 20-21 of BBPC 5/2013
» Demonstrate better
governance and
transparency
» Create financial value
» Increase competitive
advantage
» Encourage innovation
» Motivate and align existing
staff and attract new talent
» Enhance reputation
» Reduce corporate risk
» Attract favourable financing
conditions
UNITED NATIONS AWARD 2013
On 24 October 2013, SSM was awarded the United Nations
Award 2013 for the “Millennium Development Goal (MDG) Eight” in conjunction with the celebration
of the 68th Anniversary of the United Nations. The primary objective of the Award is to
recognise the contribution of individuals or entities towards the achievement of a particular MDG.
MDG 8: Develop A Global Partnership For Development
21
THANK [email protected]