Hari ini menandakan ulang tahun ke-24 penubuhan Suruhanjaya Syarikat Malaysia (SSM). Sejak ditubuhkan pada 16 April 2002, SSM kekal komited melaksanakan mandatnya sebagai pendaftar dan pengawal selia korporat negara, berpaksikan visi untuk menjadi pendaftar dan pengawal selia korporat terulung.
Sepanjang 24 tahun penubuhannya, SSM telah membina legasi kejayaan berasaskan komitmen dan profesionalisme seluruh warganya dalam memperkukuh tadbir urus korporat negara yang sentiasa berkembang seiring dengan tuntutan semasa. Bersempena ulang tahun ke-24 ini dan mengambil inspirasi daripada angka 4, SSM memperkenalkan empat inisiatif utama bagi tahun 2026.
Inisiatif pertama ialah Klinik Pematuhan dan Kempen Pemulihan Serah Simpan Dokumen Statutori bagi membantu syarikat yang menghadapi kesukaran memenuhi kewajipan pematuhan di bawah Akta Syarikat 2016. Inisiatif ini memberi ruang kepada syarikat untuk melaksanakan pemulihan bagi dokumen statutori yang tertunggak, dengan manfaat termasuk pengecualian tawaran kompaun bagi kesalahan yang belum dikompaun serta pengurangan kompaun sehingga 98% mengikut seksyen kesalahan berkaitan.
Inisiatif kedua ialah penerusan Skim 1 OKU 1 Perniagaan bagi menyokong kelangsungan usahawan orang kurang upaya melalui pendaftaran dan pembaharuan perniagaan secara percuma setiap tahun. Inisiatif ketiga pula melibatkan lanjutan Skim Pendaftaran Perniagaan Percuma (SPPP) daripada satu tahun kepada dua tahun, khusus untuk usahawan kumpulan B40 serta pelajar sepenuh masa di IPTA, IPTS, politeknik, kolej, institut kemahiran dan pusat kemahiran.
Inisiatif keempat ialah pengenalan Skim Pendaftaran Perniagaan Percuma Warga Emas (SPPWE) yang akan bermula pada 1 Jun 2026, bertujuan memberi peluang kepada warga emas untuk menjana pendapatan melalui aktiviti keusahawanan sekali gus membolehkan mereka terus aktif menyumbang kepada ekonomi negara.
Kesemua inisiatif ini diharap dapat meningkatkan tahap pematuhan korporat, memudahkan urusan perniagaan serta memperkukuh kecekapan dan ketelusan ekosistem perniagaan negara secara menyeluruh.
Di kesempatan ini, setinggi-tinggi penghargaan diucapkan kepada seluruh warga SSM atas dedikasi dan khidmat bakti yang berterusan. Semoga SSM terus unggul sebagai pendaftar dan pengawal selia korporat yang berwibawa dan progresif, selaras dengan aspirasi Kerangka Ekonomi MADANI.
A shareholder of Jentayu Sustainables Berhad has taken legal action to halt the company’s upcoming Extraordinary General Meeting (EGM), scheduled for 4 December 2025. In a lawsuit filed on 28 November 2025, the shareholder, Andy Lai Wee Young, is seeking to postpone the meeting on grounds that its legality — along with several proposed corporate exercises — is in question. According to a press statement from his solicitors, Mak LK & Co, Lai, who owns 1,361,000 shares in the company, filed an Originating Summons (OS) and an injunction application to restrain Jentayu from convening the “postponed” EGM or acting on any resolutions that may arise from it. The High Court has fixed the hearing for the injunction on 5 December 2025.
Central to Lai’s legal challenge is the company’s decision to delay the EGM from its original date of 22 October 2025 to 4 December 2025. Court filings reveal that Lai disputes the board’s authority to postpone the meeting, arguing that Jentayu’s Constitution — specifically Articles 70 and 71 — does not empower directors to change the date once the notice has been issued. He contends that an adjournment can only occur after the meeting has convened and with shareholders’ consent. Since no meeting took place on 22 October, Lai maintains that the company’s decision to set a new date is invalid.
The lawsuit also raises questions about inconsistencies involving the proxy documents and the record of depositors (ROD) date. The proxy form issued with the original notice dated 3 September 2025 referred to an ROD date of 16 October 2025. However, the rescheduled meeting uses a different ROD date — 27 November 2025 — which Lai argues could place Jentayu in breach of Bursa Malaysia’s Listing Requirements. He further highlights the company’s failure to clarify whether mandatory inspection documents, as outlined in the shareholder circular, remain accessible to shareholders until the new meeting date, potentially representing another compliance issue.
Lai additionally criticizes Jentayu for not announcing the litigation to Bursa Malaysia despite its material impact, pointing to Paragraph 9.03 of the Listing Requirements, which mandates prompt disclosure of significant legal proceedings. He argues that shareholders and the market deserved timely notification once the suit was filed and case management began.
Beyond the meeting date itself, Lai’s legal action challenges the validity of key resolutions to be tabled at the 4 December EGM, should it proceed. These include a proposed private placement of up to 20% of the company’s issued shares, an acquisition of equity in Jentayu Solar Sdn Bhd, and a variation in the utilization of proceeds from the company’s 2022 rights issue. Lai asserts that the disputed EGM cannot serve as a legitimate platform for decisions involving major corporate exercises, especially when he believes critical information has not been adequately disclosed.
In view of these concerns, Lai is calling for the EGM to be deferred until the High Court reaches a decision. He argues that proceeding with the meeting amid ongoing litigation and alleged procedural irregularities would undermine corporate governance standards, compromise shareholder rights, and expose the company to additional legal complications. His legal action, he says, reflects a commitment to promoting transparency, ensuring compliance with regulatory requirements, and safeguarding the interests of all Jentayu shareholders.
CGS International Securities Malaysia Sdn. Bhd. (CGS MY) has announced a significant leadership transition as part of its strategy to advance its regional ambitions and strengthen its position in Malaysia’s financial landscape. Effective 1 January 2026, current Deputy Chief Executive Officers Khairi Shahrin Arief bin Baki and Alan Inn Wei Loon will assume the roles of CEO and Country Head, respectively, following the retirement of current CEO Azizah Mohd Yatim. Ahead of the transition, Khairi and Alan will serve as CEO-designate and Country Head-designate beginning 1 December 2025 to ensure a smooth handover of responsibilities.
The announcement comes as CGS MY continues to build momentum under a transformative leadership era. Group CEO of CGS International Securities Pte. Ltd., Carol Fong, expressed deep appreciation for Azizah’s contributions since taking on the CEO role in early 2023. Together with Khairi and Alan, Azizah led the company through a period of remarkable achievements, including maintaining CGS MY’s position as the No. 1 broker on Bursa Malaysia for more than half of 2025, recording over MYR 120 billion in trading value as of October 2025, and introducing several market-first financial products and solutions. Under her stewardship, the company also expanded its service offerings across wealth and asset management, derivatives and Islamic products, investment banking and advisory, and sustainability-focused trading and investment solutions.
CSG MY — Khairi Shahri
Fong highlighted that the Group remains committed to its long-term vision of becoming Asia’s global investment house, with a focus on unlocking opportunities across China and ASEAN markets through the support of its shareholder, China Galaxy Securities. She emphasized the Group’s confidence in the Malaysian leadership team as they continue to execute CGS MY’s strategic roadmap under Khairi and Alan’s guidance.
In her farewell remarks, Azizah described her tenure as a privilege and expressed confidence in the incoming leadership duo, citing their collaborative spirit and strategic capability in driving CGS MY into its next phase of growth. Khairi echoed this optimism, saying he is honored by the trust placed in him and is committed to steering the company through strengthened governance, operational excellence, and regional market leadership. He emphasized leveraging CGS MY’s established market expertise, strong research capabilities, and broad networks—especially in Shariah advisory, asset management, derivatives, and sustainability—as key pillars for accelerated growth.
CSG MY — Alan Inn
Alan highlighted the importance of cross-border connectivity in driving Malaysia’s position as a regional financial hub. Over the past two years, CGS MY has enhanced its China-Malaysia and China-ASEAN linkages, enabling deeper collaboration in areas such as mergers and acquisitions, listings, and investment platforms. He affirmed his dedication to further strengthening these strategic ties and positioning Malaysia as a prime destination for business and investment activities in the region.
The leadership appointments underscore CGS MY’s commitment to reinforcing its governance structure, broadening its service offerings, and supporting its growing investment banking, wealth management, and asset management businesses. As the organization continues to scale its regional presence, CGS MY aims to maintain its leading broker position on Bursa Malaysia while progressing toward its goal of becoming a world-class investment house in Asia.
ASEAN’s journey toward a sustainable, net-zero future took a decisive step forward at the inaugural ICAEW ASEAN Sustainability Summit 2025, held at the Securities Commission Malaysia. Bringing together policymakers, regulators, and finance leaders, the one-day hybrid summit — themed “ASEAN Rising: The Net Zero Playbook” — gathered more than 600 in-person delegates and 500 virtual participants from around the world to transform sustainability commitments into actionable strategies that balance growth, inclusivity, and accountability.
Alan Vallance, Chief Executive of ICAEW, opened the Summit by emphasizing the pivotal role of the accountancy profession in driving ethical and transparent sustainability transformation. “Achieving a just and inclusive transition to net zero will require collaboration across borders, sectors, and generations,” he said. Vallance noted that accountants and finance professionals are uniquely positioned as “trusted stewards of both financial and non-financial information,” whose insights can influence ethical decisions and long-term value creation for people, business, and the planet. He highlighted ICAEW’s ongoing collaborations with the Securities Commission Malaysia and the ASEAN Capital Markets Forum in implementing the IFRS Sustainability Disclosure Standards (S1 and S2) — a milestone in developing a unified regional framework for sustainability reporting and assurance.
ICAEW leaders and team members on stage at the ICAEW ASEAN Sustainability Summit 2025.
In his keynote address, Datuk Johan Mahmood Merican, Secretary General of Treasury at Malaysia’s Ministry of Finance, represented by Dato’ Faiz Azmi, Executive Chairman of the Securities Commission Malaysia, reaffirmed the country’s strong commitment to sustainability as the foundation of the Madani Economy Framework. “For Malaysia, sustainability is not a separate policy pillar but the foundation of our economic strategy,” he stated. Through initiatives such as fiscal reforms, carbon pricing, and green budgeting, Malaysia aims to align innovation, investment, and inclusivity toward long-term resilience. The nation remains steadfast in achieving net-zero carbon emissions by 2050, supported by the National Energy Transition Roadmap, a forthcoming Climate Change Bill, and the planned carbon tax for emission-intensive industries.
The Summit also underscored ASEAN’s dual opportunity — sustainability as both an environmental necessity and an economic growth engine. Speakers highlighted that harmonising sustainability standards, mobilising regional capital, and strengthening collaboration will position ASEAN as a competitive and credible player in the global value chain.
Delegates fill the auditorium at the ICAEW ASEAN Sustainability Summit 2025.
Elaine Hong, ICAEW Director for Southeast Asia, described the event as a milestone in connecting ASEAN’s sustainability priorities with global standards. “Southeast Asia is at the crossroads of sustainability transformation,” she said. “Our transition to net zero cannot happen in silos — it demands alignment, trust, and shared purpose.” Hong further highlighted ICAEW’s Sustainability Accelerator Programme and Sustainability and Climate Change Community, which aim to build regional capacity in carbon accounting, sustainability assurance, and scenario planning — helping professionals across ASEAN develop the expertise to lead the transition effectively.
The Summit featured five thematic sessions with experts from PETRONAS, HSBC Malaysia, KPMG, PwC, Deloitte, City Developments Limited Singapore, Olam Agri, the Malaysian Institute of Accountants, and the University of Oxford. Topics ranged from Ethics and Sustainability to Green Financing, Climate Scenario Analysis, and The Evolving Role of Finance in Value Creation. The Student–Practitioner Debate and the COFAR (Coastal Flooding Adaptation and Resilience) Challenge, co-hosted by ICAEW and the Securities Commission, showcased the role of youth and innovation in advancing climate resilience.
Alan Vallance and Dato Mohammad Faiz Azmi speak during the Ethics and Sustainability panel.
As the event concluded, participants and speakers — including Jean Bouquot, President of the International Federation of Accountants (IFAC) — jointly called for ethics, data quality, and transparency to remain at the heart of ASEAN’s sustainability frameworks. The consensus was clear: strong governance, consistent disclosure, and capacity building are vital to unlocking sustainable finance and long-term regional resilience.
Summarising the summit’s spirit, Vallance reaffirmed ICAEW’s commitment to ASEAN’s sustainability journey. “ICAEW stands ready as a trusted partner in shaping ethical, transparent, and impactful responses to sustainability challenges,” he said. “Together with governments, regulators, and business, we can advance a collective net-zero agenda for ASEAN and beyond.”
