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THE NEW CODE ON CORPORATE GOVERNANCE 2012

Posted by CLC on February 25, 2013 at 12:57 pm

THE NEW CODE ON CORPORATE GOVERNANCE 2012
RAISING THE BAR

The new Malaysian Code on Corporate Governance 2012 (??strong>MCCG 2012?? was issued by the Securities Commission (??strong>SC?? in March 2012, and is effective from 31 December 2012. The MCCG 2012 is the first major deliverable of the SC?? Corporate Governance Blueprint 2011 which outlines a [...]

Franchise (Amendment) Act 2012

Posted by CLC on November 30, 2012 at 12:46 pm

Franchise (Amendment) Act 2012
Reinforcing the Franchise Industry
A. Introduction
In 2011, the franchise industry contributed a total of RM21.48 billion to the Malaysian economy, equivalent to 2.5% of Malaysia?? Gross Domestic Product. Among the well-known brands are Nelson??, Gloria Jean?? and Secret Recipe, to name a few. In order to encourage healthy competition in this important industry, the [...]

Consumer Protection (Amendment) Act 2010

Posted by CLC on October 30, 2012 at 12:39 pm

Consumer Protection (Amendment) Act 2010
Empowering Consumers, Undermining Retailers?
A. Introduction
Malaysia did not have specific legislation governing unfair contract terms between businesses and consumers, unlike the United Kingdom and other commonwealth countries such as Singapore, until the Consumer Protection (Amendment) Act 2010 introduced Part IIIA to the Consumer Protection Act 1999 (??PA?? which has, to some extent, addressed [...]

The Minimum Retirement Age Act 2012

Posted by CLC on September 24, 2012 at 4:44 pm

The Minimum Retirement Age Act 2012
How this affects working people

Introduction
The Minimum Retirement Age Act 2012 (??strong>MRA?? was passed in June 2012 and is expected to be enforced by January next year. What is the significance of the MRA? The retirement age previously stood at 55. The MRA raises the retirement age of an employee [...]

Money Services Business Act 2011

Posted by CLC on December 1, 2011 at 5:32 pm

Money Services Business Act 2011
A revamp of the money services business industry
 
In 2009, Bank Negara Malaysia (??NM?? initiated a review of the legal and regulatory framework for the remittance, money changing, and wholesale currency businesses (collectively described as the ??oney services business?? in Malaysia, with a view of modernizing the landscape of these businesses on [...]