accounts

Topics: Corporation, Governance, Secretary Pages: 11 (3368 words) Published: April 30, 2014

1991 - 1999 : Raising the Profile of MAICSAe-mail print
With these epochal and momentous events behind it, MAICSA entered the decade of the nineties stronger and surer of itself. A series of memorable events marked the chairmanship of Mardzuki Abdullah who served for two years from 1990 to 1991. The year 1991 witnessed the first convocation ceremony for ICSA graduates held on 27 July. It was officiated by Datuk Dr Fong Chan Onn, the Deputy Minister of Education. It was a historic and personally satisfying moment for graduates of the December 1990 examination in particular and the Association in general.

In the course of the same year, the Association together with its ICSA International fraternity celebrated, , the Centenary of ICSA. To mark this grand occasion, the Association held a centenary dinner on 18 October, 1991 and various other functions and dinners in Kuala Lumpur, Penang and Johor Bahru in the course of the year. The ICSA as a parent body had weathered many a storms in the course of a century and in that period had guided the practitioners of company secretaryship to justly claim due recognition for their role in a world that was increasingly characterised by the rise of modern corporations.

In Malaysia, under the chairmanship of Muhamad Nor Muhamad, MAICSA achieved a strategic milestone in 1992 when the Association was granted recognition as a prescribed body by the Government under Section 139 (a) of the Companies (Amendment) (No. 2) Act 1992 which took effect from September of the same year. Fellow and Associate members of MAICSA would now automatically qualify to act as company secretaries without having to apply for a license from the Registrar of Companies (ROC).

The long and arduous journey towards the achievement of this recognition began as early as in 1977 during the chairmanship of Dato' Junus Sudin when the Association made the first overtures on the issue of the qualification of company secretaries with the relevant government authorities. In 1980 when the Association was invited by the Ministry of Trade and Industry to comment on the draft Companies Amendment Bill, it took the opportunity to submit a proposal for Company Secretaries to be suitably qualified along the lines of Section 79 of the UK Companies Act 1980. Eventually after much efforts and persistence, the endeavour culminated in the strategic milestone being achieved in 1992. Members and students could now look forward with optimism to better serve, with due recognition, the manifold complexities and needs of the new Malaysia.

Having achieved devolved status, the Association continued to pursue its long term development plans with the purchase of its own premises in Bangsar, Kuala Lumpur in 1992. The three-storey shoplot, located ideally between Kuala Lumpur and Petaling Jaya, was planned for occupation 1993. This modest move to purchase a premise of its own was perhaps long overdue. Membership had grown from strength to strength and in 1992 it numbered 2,265. The number of students on the register rose to an all time high of 4,294.

On the academic arena, in 1992 MAICSA developed a full-time matriculation programme, which would qualify candidates for ICSA student registration in Malaysia. It was hoped that such a programme would provide a new avenue to further increase the number of students studying for the ICSA qualification, especially Bumiputra students. This effort on the part of the Association must be seen in the light of its avowed aims to have a more significant Bumiputra membership in the Association in line with national aspirations. The implementation of the matriculation programme was a concrete step by the Association towards encouraging greater interest among Bumiputras for the acquisition of professional qualifications via the ICSA route and also to fulfil the increasing need for such professionals.

With the completion of the Bangsar office, the Association moved its Secretariat from Menara...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Account Payable Essay
  • Chart of accounts Essay
  • demat account Research Paper
  • Essay on Chart of Accounts
  • Essay on National Account
  • Account Titles Essay
  • Essay on Accounts Receivables
  • Essay about account

Become a StudyMode Member

Sign Up - It's Free
Coração de Tinta: O Livro Mágico (Inkheart) 2008 | MARVEL Runaways | Responder