Corporate Governance is a process and structure implemented by companies and businesses to achieve business prosperity and sustainability while ensuring corporate accountability, with the ultimate objective of realising long-term shareholder value, taking into account the interests of all stakeholders. In order to realise a comprehensive and rigorous anti-corruption corporate culture, there is an urgent need for Malaysian companies and businesses to put in place preventive measures that reinforce ethical leadership, good governance, transparency, accountability and respect for the rule of law in their operational procedures.
In view of the recent national spotlight on corruption, Group Internal Audit decided to take on fraud as the key topic for our annual workshop this year.
CMS annual management retreat was held this year from 23 to 25 October at Samalaju, Bintulu. This round’s participants were very privileged as this was the first time the management retreat was held outside of Kuching.
A total of 68 employees including the senior management team, secretaries, managers and senior executives from the various divisions participated in this year’s retreat.
During the retreat, we received valuable insights from our esteemed leaders and I would like to use this platform to share my personal experience about the retreat and some of these insights I gained, with the CMS family.
Our 3rd batch of Management Trainees successfully completed their year-long training at the end of March 2017. Out of 19 trainees who came from diverse backgrounds, 16 were offered a position with CMS.
A journey of a million mile begins with a single step and a drop of concrete!
And so, there is this joke about the love/hate relationship between auditors and clients.
Auditor: We’re coming to audit you soon. Will you guys be available?
Auditee: Sure, you know we love you guys!
Auditee: Well, we hate to see you coming and love to see you going.