UPDATES ON CORPORATE GOVERNANCE REGULATORY FRAMEWORK AND CURRENT ISSUES EFFECTIVE GOVERNANCE THE WAY FORWARD

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1 MICG Malaysian Institute of Corporate Governance UPDATES ON CORPORATE GOVERNANCE REGULATORY FRAMEWORK AND CURRENT ISSUES 2 APRIL APRIL 2008 SIDC Accredited 10 CPE Points Endorsed By: Malaysian Institute of Accountants Malaysian Association of Company Secretaries Federation of Public Listed Companies Berhad MID Malaysian Institute of Directors Keynote address by: YBHG. DATO YUSLI MOHAMED YUSOFF Chief Executive Officer, Bursa Malaysia Berhad DISTINGUISHED SPEAKERS: Conference benefits and Highlights 1. Hear from regulatory and enforcement authority on the latest updates on Corporate Governance issues. 2. Understand the latest updates on the new Listing Requirements by Bursa Malaysia. 3. Understand the amendments to the Companies Act 1965, which became effective August 2007; and how the amendments affect director and officers. 4. Understand the impact of PCAOB once implemented. 5. Understand the impact of CMSA 2007, as a single licensing regime. 6. Examine the role of Audit Committee Vis a Vis Internal Audit and compliance with the new ruling. 7. Enhancing the role of a Company Secretary. 8. Explore the duties and liabilities of Directors 9. Why CSR is an important element of any corporation. 10. Understand the implementation of a risk governance framework. WONG SAU NGAN General Counsel, The Securities Commission of Malaysia (SC) AZRYAIN BORHAN Director, Corporate Development and Policy Division, Suruhanjaya Syarikat Malaysia (SSM) CH NG BOON HUAT Head, Issuers Investigation and Enforcement, Bursa Malaysia Berhad DAVID CHEW Partner, Deloitte & Touche Enterprise Risk Services Pte Ltd PHILIP SATISH RAO Partner, Ernst & Young CHOW CHEE YAN Chief Internal Auditor, Maxis Communications Berhad (Maxis) MUHAMMAD SURIA DOSHI ABDULLAH General Counsel / Company Secretary, SIRIM Berhad DR. GEOFFREY WILLIAMS (FRSA) Managing Director, Owens, Williams & Wood Consulting in Malaysia & Singapore RAYMOND CORRAY Advisory, BDO Binder Malaysia MOHAMED RIDZA MOHAMED ABDULLAH Managing Partner, Mohamed Ridza & Co WONG TAT CHUNG Partner - Wong, Beh & Toh Co. MICG s objectives are to represent, express and give effect to the opinions of its members on issues relating to governance of the business and affairs of corporations in Malaysia, with the objective to enhance longer term shareholder value and financial sustainability of business. The Report on Corporate Governance published by the High Level Finance Committee on March 1999 has stipulated MICG as The Recognized Corporate Governance Training Centre (CGTC). Together, MICG will also promote public awareness of Corporate Governance and to encourage interaction among its members and the investing public on Corporate Governance Issues. For more info, please visit

2 Good Corporate Governance is key to maintaining investors confidence in our market.... All parties must be more vigilant in their effort towards enhancing Corporate Governance Companies and intermediaries that demonstrate high standard of Corporate Governance and market conduct will be accorded the Green Lane Status Excerpts from the 2008 Budget Speech by Y.A.B. Dato Seri Abdullah Bin Haji Ahmad Badawi, Prime Minister of Malaysia Why you cannot miss this sell out conference? Corporate Governance the buzzword in the corporate arena, now forms the bedrock for top performing companies. The 2008 budget presented by the Prime Minister, put strong emphasis on Corporate Governance issues, resulted in the Malaysian Code of Corporate Governance (Revised 2007) coming into effect in October, This code aims to strengthen Malaysia s governance framework, and aligning it with current globally accepted practices. Furthermore amendments to the Companies Act 1965, takes effect August, 2007, and with the new Listing Requirements listed under Bursa Malaysia Berhad, Directors of Corporations need to update their skills to understand compliance with the new rulings, and to fully understand liability of noncompliance. We have also included roles of PCAOB, the need for effective CSR implementation and the impact of CMSA 2007, as a single licensing regime, and also an interesting topic on risk governance. Boards need to be fully appraised at the outset of their new responsibility and accountability as stewards of their corporations with well equipped necessary knowledge by undergoing continuous training and education. This 2 day conference is designed to provide in depth coverage of new rules and amendments that will enlighten all delegates the need to be proactive to compliance and responsibility of governance. Malaysia is one of the countries in the world with very strong Corporate Governance; Malaysia achieved the highest rating of observed in the area of disclosure and transparency in accounting standards Alexander Berg, World Bank s Head of Corporate Governance Malaysia has overtaken Hong Kong as the benchmark on Corporate Governance Standards according to a comparative study into Corporate Governance Standards in five major Asian economies. Standard and Poor s Survey Who will benefit from this Conference? 1. Chairman 2. Directors/Audit Committee 3. Chief Executive Officers 4. Auditors/Internal Audit 5. Chief Operating/Financial Officers 6. Managing Directors 7. Accountants 8. Company Secretaries 9. Analysts/Researchers 10. Legal Advisors 11. Compliance Officers 12. Licensed Persons From the following: 1. Public Listed Companies 2. Foundations 3. Financial Institutions 4. Government Linked Corporation 5. Government Regulatory/Enforcement Agency 6. Government Appointed Directors 7. The Relevant Government Agency 8. Universities Corporate Governance Unit 9. Management Consultants

3 DAY ONE UPDATES ON CORPORATE GOVERNANCE REGULATORY FRAMEWORK AND CURRENT ISSUES 2 APRIL 2008 / 3 APRIL :00am 8:30am 8:30am 8:40am 8:40am 9:00am 9:00am 10:00am Registration Welcoming address by YBhg Dato Shahran Laili Hj Abdul Munid Chief Executive Officer / Executive Director, Malaysian Institute of Corporate Governance Opening address by YBhg Dato Seri Megat Najmuddin Megat Khas President, Malaysian Institute of Corporate Governance Keynote address by YBhg Dato Yusli Mohamed Yusoff Chief Executive Officer, Bursa Malaysia Berhad 10:00am 10:30am Refreshments / Networking MORNING SESSION Professor Dr. Normah Omar Professor of Management Accounting and Corporate Governance, Faculty of Accountancy, Universiti Teknologi Mara (UiTM), Shah Alam 10:30am 11:30am The Role of Company Secretary in Enhancing the Board Decision Making Process - Emphasising the role of Company Secretary as an advisor to the Chairman and the Board of Directors - Keeping abreast with the latest legal and business updates to ensure that the Board receives the information for timely strategic decisions - Effectively planning the agenda of Board meetings to ensure that key issues are covered - Properly documenting minutes of Board meetings for references for future business decisions - Instilling the rights and limitations of Directors with respect to proper conduct of Board meetings - Tackling common challenges and best practices in mediating effective Boardroom meetings Muhammad Suria Doshi Abdullah General Counsel / Company Secretary, SIRIM Berhad 11:30am 12:30pm Directors Duties and Liabilities to Promote Accountability and Corporate Governance - Definition of Directors - Section 4 of Companies Act The New Amendments of Companies Act (2007) - Definition of Corporate Governance - Finance Committee on Corporate Governance in Malaysia in the Report on Corporate Governance (2002) - Principles of Corporate Governance - Four main Principles under Malaysian Code on Corporate Governance - Directors Remuneration - Shareholders - Accountability and Audit Mohamed Ridza Mohamed Abdullah Managing Partner, Mohamed Ridza & Co 12:30pm 2:00pm Lunch

4 AFTERNOON SESSION Professor Dr Aishah Bidin Professor of Company and Insolvency Law, Faculty of Law, Universiti Kebangsaan Malaysia (UKM) 2:00pm 3:00pm Public Companies Accounting Oversight Board (PCAOB) - What PCAOB is all about? - Status, authority and responsibilities of the PCAOB - Membership - How will it work in practice - Short term and long term implications Wong Sau Ngan General Counsel, The Securities Commission of Malaysia (SC) 3:00pm 4:00pm Impact of the The Revised Malaysian Code on Corporate Governance & Related Changes in Listing Requirements - What are the changes and why? - Are we being different? - Understanding the impact on Board operations, performance and public disclosure - Practical suggestions on how to make it work Philip Satish Rao Partner, Ernst & Young 4:00pm 4:30pm 4:30pm 5:30pm Refreshments / Networking Effective Board Governance - "Definition" of effective boards - what would be deemed to be an effective board? - Factors that contribute to board effectiveness structure, processes and culture - The silent threats to board effectiveness inner circles, limitations of information - Case studies of ineffective boards and boards of successful companies - Keys to enhancing board effectiveness Raymond Corray BDO Binder Malaysia Advisory 5:30pm Closing of Day One

5 DAY TWO UPDATES ON CORPORATE GOVERNANCE REGULATORY FRAMEWORK AND CURRENT ISSUES 2 APRIL 2008 / 3 APRIL :30am 9:00am Registration MORNING SESSION Pn. Fatimah Abu Bakar President, The Institute of Internal Auditors Malaysia 9:00am 10:00am Compliance and Enforcement of the Listing Requirements: Updates on Case Studies - Listed issuers obligations in the event of unusual market activities - Profit derivation, profit warning of internal targets When and What to announce - Dealings during closed period - Corporate Governance disclosure in annual report substance over form - Common breaches of the Listing Requirements Case Studies - Director enforcement Case Studies Ch ng Boon Huat Head, Issuers Investigation and Enforcement Bursa Malaysia Berhad 10:00am 11:00am Implementing an effective Risk Governance Framework - Establishing a risk governance framework that will evaluate, control and monitor all potential risk that may directly and indirectly affect the Board - The different type of risk governance model - Pros and cons for each model - How to implement an effective risk governance model - Risk monitoring and reporting to support the risk governance model David Chew, Partner Deloitte & Touche Enterprise Risk Services Pte Ltd 11:00am 11:30am Refreshments / Networking 11:30am 12:30pm The Internal Audit s role in ensuring the effectiveness of the Audit Committee - Capitalising on the internal audit s function to enhance the role of the Audit Committee - Methodology in establishing an effective framework to enhance the Audit Committee function and effectiveness - Methods of evaluating the effectiveness of the Audit Committee based on international best practice Chow Chee Yan Chief Internal Auditor Maxis Communications Berhad (Maxis) 12:30pm 2:00pm Lunch

6 AFTERNOON SESSION Richard Yeoh Executive Director, Transparency International Malaysia 2:00pm 3:00pm Amendments to the Companies Act 1965: Its Implications to Directors and Officers of Companies - Identification of the amended provisions in the Companies Act affecting company directors and officers - Comparison between the previous regulatory framework and current regulatory framework - How the amendments affect such directors/officers Azryain Borhan Director, Corporate Development and Policy Division, Suruhanjaya Syarikat Malaysia (SSM) 3:00pm 4:00pm CSR as a good corporate citizen image - Why CSR is an important element of any corporation - The incentives of being a good corporate citizen - The example of CSR benefiting corporation - CSR as a Listing Requirements - Independence and transparency Are they truly achievable? Dr Geoffrey Williams (FRSA) Managing Director, Owens, Williams & Wood Consulting in Malaysia & Singapore 4:00pm 4:30pm 4:30pm 5:30pm Refreshments / Networking The new Capital Markets and Services Act 2007 (CMSA) - Background and introduction to the Act - The new Licensing regime - Part VI on Issues of Securities and Take-overs and Mergers - Self-Regulatory Organisations Wong Tat Chung Partner, Wong, Beh and Toh 5:30pm Closing of Conference

7 REGISTRATION FORM CG02/2008 UPDATES ON CORPORATE GOVERNANCE REGULATORY FRAMEWORK AND CURRENT ISSUES 2 APRIL 2008 / 3 APRIL 2008 Yes! Please register the following delegate(s) for this Event (Please photocopy for more delegates) I am unable to attend but please put me on your mailing list I claim 15% discount as a member of Malaysian Institute of Corporate Governance / Federation of Public Listed Companies Bhd MICG membership number: FPLC membership number: Name: (Dr/Mr/Mrs/Ms): Job Title: Name: (Dr/Mr/Mrs/Ms): Job Title: Approving Manager: Job Title: Company: Address: Tel: Fax: Booking Contact: Nature of Business: Company Website: Bankdraft/Cheque No. Amount Important Notice: 1. Payment Terms: Following completion and return of the sales contract, full payment is required within seven (7) working days receipt of invoice. Cheques, bankdrafts should be crossed and made payable to Malaysian Institute of Corporate Governance. PLEASE NOTE: Payment must be received prior to the conference date. We reserve the right to refuse admission if payment is not made on time. 2. Cancellation/Transfers:cancellations must be received in writing by mail four (4) weeks before the conference in order to obtain a refund (Less 20% Administrative Charges) Thereafter the full conference fee is not refundable and will automatically entitle your organization to utilize the same credit amount for any future Conference/Forum/Training that is of interest to your organization conducted by Malaysian Institute of Corporate Governance and credit voucher will be issued. 3. If you unable to attend, a substitute delegate is acceptable at no extra charge. Please provide the name and the position of the substitute delegate at least 2 days prior to the conference. 4. The Organizer reserves the right to make any amendments or changes as may be necessary on the replacement of speaker, venue, agenda and topics of this conference. 5. Upon confirmation of registration, an invoice will be as a proof of acceptance and confirmation of delegates participation in the conference and the receipt and original invoice will be posted to the address as per the registration form, after the full payment has been made. 5 EASY STEPS TO REGISTER 1.PHONE: (603) FAX: complete and send this registration form to: (603) MAIL: this completed form together with payment to: Malaysian Institute of Corporate Governance 2B-1, Bangunan PanGlobal, 1A, Jalan Tandang, Petaling Jaya, Selangor Darul Ehsan 4. WEBSITE: info@micg.net Your Investment for attending this Conference is: Conference Regular Fee Early Bird Fee (Payment after (If payment & 15 th March 2008) registration are received by 15 th March 2008 Only RM RM The fee includes lunch, refreshments and conference documentation. Group Discount: Enjoy a group discount of 10% for 3 or more delegates registered at the same time from the same organization and of the same billing source. For Government Officials A Local Order or Letter of Approval to participate must be presented before the conference. ACKNOWLEDGEMENT OF REGISTRATION MICG hereby confirmed the registration of the above delegate/s for the conference as stated Approved by: Date:.