Corporate Liability for Corruption in Malaysia - Shanti Mogan, Lilien Wong and Yiew De Quan

The first publication in Malaysia to specifically address corruption offences in the context of corporate liability, Corporate Liability for Corruption in Malaysia covers the legislation, practise, as well as helpful advice and remedies to reduce corruption risk in the corporate sector.

In-house legal counsel, management of organisations, and professionals working on regulatory compliance issues can all benefit from the insights provided in this useful book. Academics and students who are interested in the growth of corporate responsibility in Malaysia would also profit from it.

The Malaysian Anti-Corruption Commission Act's insertion of Section 17A, which took effect on June 1, 2021, modified how company operations are governed. Commercial organisations are subject to strict corporate liability for the corrupt actions of any of their associates, whether they are individuals or corporations acting inside or outside the organisation, so long as those actions are taken for the benefit or advantage of the commercial organisation.

The requirement for law firms to perform anti-bribery and corruption audits, review anti-bribery and corruption policies to address or mitigate gaps, draught anti-bribery and corruption policies, and provide training to directors and other management-related individuals has increased as a result of the statutory defence of demonstrating that the commercial organisation has put in place adequate procedures to prevent people connected to the commercial organisation from engaging in such conduct.