BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  SSM to CoSecs: Your License is on the Line. What Now?

SSM to CoSecs: Your License is on the Line. What Now?

Sheba Gumis, Partner, Skrine | SS Gan, Managing Partner, SS GAN & CO

24-Jun-25 12:00

SSM to CoSecs: Your License is on the Line. What Now?

A recent warning from the Companies Commission of Malaysia (SSM) has put company secretaries on high alert. With increased enforcement for non-compliance, the risk of hefty fines and even disqualification is now a serious reality for this often-misunderstood profession. But what does this mean for business owners and directors?

This news prompts a crucial conversation that goes far beyond paperwork. Joined by lawyer Sheba Gumis from Skrine and Chartered Accountants SS Gan of SS Gan & Co, we explore the true role of the company secretary as a key governance advisor, a steward for the board, and a vital officer of the company.

We discuss:

  • The risks company secretaries face from SSM's enforcement.

  • What "reasonable diligence" means in practice and how to prove it.

  • Why the CoSecs are gatekeepers of governance, not just a filers.

  • How directors can better leverage their CoSec as a strategic advisor.

  • Red flags to watch for in both directors and CoSec services.

For business owners, directors, and company secretaries navigating this heightened regulatory environment, this conversation is an essential guide to compliance, risk, and corporate governance.

Produced by: Roshan Kanesan, Kishan Sivaswamy

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Corporatesmanagingthe workplacemarketsSME

Tags:  company secretarySSM Malaysiabusiness lawcorporate governancecompliance





Play / Pause

Listen now : A Bit of Culture: Kam, Sharmilla Ganesan and Vernon Adrian Emuang discuss...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Peter Lim, Chief Research Officer, Trident Analytics, tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Ng Yao Loong of SGX joins us to unpack the group’s record 2025 financial performance.

7:45 AM

Morning Brief

Lee Chean Chung, MP for Petaling Jaya discusses how overlapping roles in GLCs may hinder Malaysia’s growth and urges urgent restructuring.

8:00 AM

The Breakfast Grille

Azlina Bulmer of ICAEW shares how the institute is evolving to prepare future accountants as business leaders and attract new talent in Malaysia.

8:30 AM

Morning Brief

Dr. Ferooze Ali of the Asia Middle East Center for Research & Dialogue discusses developments on the war in Gaza.

8:45 AM

Morning Brief

Dr Liew Chee Yoong, UCSI University discusses the latest data on Malaysian BNPL users and the new Consumer Credit Commission.

9:00 AM

Opening Bell

(REPEAT) Peter Lim, Chief Research Officer, Trident Analytics, tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

Pinnacle Perspectives

Ng Zhu Hann, CEO of Trade View Capital discusses how the Malaysia-US tariff agreement and the 13MP will reshape Malaysia’s economic landscape and impact local businesses.

10:05 AM

Open For Business

Koppiku's founder Rajiv Bhanot on raising $2.5M to take on giants like ZUS in Malaysia's crowded grab-and-go coffee market.

11:05 AM

P&L

Business owner Nazri Adam of Sausage Sizzle and a CoSec Agnes Wong break down the practical steps, costs, and common pitfalls of moving from a sole proprietorship to a Sdn Bhd in Malaysia.

12:00 PM

Enterprise Explores

Lawyers Ong Johnson and Lo Khai Yi unpack Malaysia’s new Data Protection Officer (DPO) mandate and why it matters for businesses.

1:00 PM

The Breakfast Grille Repeat

Azlina Bulmer of ICAEW shares how the institute is evolving to prepare future accountants as business leaders and attract new talent in Malaysia.

2:05 PM

Discovery Hour

3:05 PM

Earth Matters

World Elephant Day 2025: Spotlight on Borneo’s Elephants

4:05 PM

Health & Living

Autoimmune Diseases Are Often Diagnosed Too Late

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

In commemoration with the 80th anniversary of the atomic bombings on Hiroshima and Nagasaki, we explore the identity, demands and importance of the survivors of the atom bomb, also known as the hibakusha.

7:00 PM

Just For Kicks

Football returns with a bang—and a shock at Wembley! We discuss Crystal Palace's victory against Liverpool in the Community Shield and other football conversations that happened throughout the summer break.

8:00 PM

A Bit of Culture

Kam, Sharmilla Ganesan and Vernon Adrian Emuang discuss grandma hobbies, poetry making a comeback and Malaysia's cultural metropole on another insightful episode of ABoC!