Tuesday 29 December 2009
Friday 25 December 2009
A number of new laws and changes to existing laws were passed by the Dewan Negara on the last day of its sitting this year. While me are attracted to follow the jokes and acts of our Parliamentarians, what they do could have huge impact on our lives.
Among the new laws that were approved are:
- Labuan Limited Partnership and Limited Liability Partnership Bill
- Labuan Foundation Act 2009
- Labuan Financial Services and Securities Bill
- Labuan Islamic Financial Services and Securities Bill
A number of existing laws were amended as well. Among the interesting ones are changes to the Securities Commission Act to introduce the Audit Oversight Board to enhance the quality of audit in Malaysia.
The changes to the Capital Market and Services Act include making it an offence for directors to cause wrongful loss to listed corporations or to influence the issuance of misleading financial statements.
I am sure more discussions on the new laws would happen in the new year, particularly among the people involved in the areas affected by the new laws such as directors and auditors.
Tuesday 22 December 2009
Saturday 19 December 2009
Should our education system cater for our immediate needs or prepare our future generation for future challenges?
That was one of the issues raised by Tan Sri Dzulkifli Abdul Razak, the Vice-Chancellor of USM at a forum on sustainability at the 8th Asian Academy of Management International Conference in Kuantan yesterday. He argues that education is about preparing for the future so that we could continue to enjoy meaningful life. In doing so, leadership of universities should stand up and do the right thing rather than conceding to the demands from politicians and industrialists who may not have our long term interest in mind.
Tan Sri Dzulkifli also make a point about the need to address the sustainability issues and ensuring a mode balance distribution of wealth among the world's population. At the end of the day we need to re-learn to be human.
As a co-panellist, I discussed my perception about business and the need for business to add value and manage the changing environment. To me, the collapse of the global financial system was mainly driven by greed and the only way forward is to address this issue. However, developed countries do not want to accept the fact that we have ignored the fundamentals of being human.
I also touched about form over substance, that we are obsessed to demonstrate conformance and missing the meaning of our effort. My sharing how different institutions react to change, I strongly propose for a meaningful civil society to be nurtured in Malaysia to provide a check and balance against business which may not be concern about our long term sustainability.
Wednesday 16 December 2009
Friday 11 December 2009
Change is something that scare a lot of people. It also does not make sense when people are comfortable with the present status.
As a country, we are losing our competitive edge quickly and competing in knowledge-driven economy requires different sources of competitiveness and human resource. As the services sector becomes more prominent in driving economic growth, the competition in getting the right brain as source of competitiveness would be more intense.
These are some of the issues highlighted in my presentation as a key note speaker at the forum on Innovation and Change for Business Sustainability organised by the Graduate School of Business, Universiti Sains Malaysia at the university in Penang this week.
Other panellists are Professor Chris Patel from the Department of Accounting and Finance, Macquarie University, Australia; Krishna Singh, Director of Strategic Programs, Service Science, IBM Almaden Research Center, Tan Sri Tengku Mahaleel Tengku Ariff, Executive Chairman, Tien Wah Press Holdings Berhad and Dr Zinaida Fadeeva, Director of Strategy, United Nations University Institute of Advanced Studies, Japan.
Thursday 10 December 2009
Sunday 6 December 2009
Today The Ministry of Tourism organises a mass dancing event showcasing the so called "Tarian Cuti-Cuti 1Malaysia" or 1Malaysia holiday dance at Dataran Merdeka. This consists of a number of dances rooted from the diverse Malaysian ethnic groups, reflecting the cultural diversity and harmony of Malaysia.
While not officially stated, some may argue this is a response to the cultural competitiveness between Malaysia and Indonesia. In fact, Poco-Poco, a popular Indonesian dance is also very popular in Malaysia. So, could this 1Malaysia dance a direct response to the popularity of Poco-Poco?
Promoting 1Malaysia Holiday Dance is one effort in shaping the future culture among Malaysians, especially in promoting inter-ethnic understanding. Could similar effort be used to combat social ills such as corruption?
Maybe it is time for Saya Benci Rasuah or I Hate Corruption dance to be introduced in Malaysia? Part of Cuti-Cuti 1Malaysia dance series?