FINANCIAL
REPORTING
FOUNDATION
The Financial Reporting Foundation (FRF) was established as an independent body under the Financial Reporting Act 1997 (Act). The FRF and the Malaysian Accounting Standards Board (MASB) are part of the financial reporting framework in Malaysia. The framework comprises representation from all relevant parties in the standard setting process, including preparers, users, regulators and the accountancy profession.
The FRF is largely responsible for the establishment of a sound and effective infrastructure for the financial reporting framework and acts as a sounding board for the adoption of the MASB's accounting standards, technical pronouncements and its annual work programme. The FRF, as a trustee body, has responsibility for the oversight of the MASB's performance, financial and funding arrangements, and as an initial source of views for the MASB on proposed standards and pronouncements. It has no direct responsibility with regard to standard setting. This responsibility rests solely with the MASB.
The functions of the FRF as provided under section 4 (1) of the Act:
(a) to oversee the carrying out of the functions of the MASB; and
(b) to perform any other function as the Minister may prescribe by order published in the Gazette.
Without limiting the generality of functions of the FRF in subsection (1), the FRF shall be responsible:
(a) to provide its views to the MASB on any matter which the MASB seeks to undertake or implement in relation to the MASB’s functions under section 7 of the Act;
(b) to review the performance of the MASB; and
(c) for all financing arrangements for the operations of the MASB, including approving the budget of the MASB.
MEMBERS OF THE FINANCIAL REPORTING FOUNDATION
The Financial Reporting Foundation (FRF) comprises twelve (12) members who are appointed by the Minister of Finance. Eight (8) of the members are ex-officio representing the Minister of Finance, the Central Bank of Malaysia, the Securities Commission Malaysia, the Audit Oversight Board, the Registrar of Companies, Bursa Malaysia Berhad, the Malaysian Institute of Accountants and the Malaysian Accounting Standards Board. The four (4) other members who possess knowledge and experience in matters of financial accounting and in one or more of the following fields of accountancy, law, business, or finance.
The members are:
TAN SRI AZLAN ZAINOL
PUAN MAHFUZAH BAHARIN
ENCIK AZNAN BIN ABDUL AZIZ
DATUK SYED ZAID ALBAR
DATO' GUMURI B HUSSAIN
TAN SRI AZLAN ZAINOL
Chairman, Financial Reporting Foundation
Tan Sri Azlan is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a Fellow Chartered Banker of the Asian Institute of Chartered Bankers (AICB), a Member of the Malaysian Institute of Certified Public Accountants (MICPA) and a Member of the Malaysian Institute of Accountants (MIA).
Tan Sri Azlan was previously the Chief Executive Officer of the Employees Provident Fund Board until his retirement in April 2013. Tan Sri Azlan has more than 30 years of experience in the financial sector, having served as the Managing Director of AmBank Berhad and prior to that, as the Managing Director of AmFinance Berhad.
Tan Sri Azlan’s other directorships in public companies include RHB Bank Berhad (Chairman), RHB Investment Bank Berhad (Chairman), Malaysian Resources Corporation Berhad (Chairman), Kuala Lumpur Kepong Berhad, Eco World International Berhad (Chairman), RHB Capital Berhad (In Member’s Voluntary Liquidation) and Rashid Hussain Berhad (In Member’s Voluntary Liquidation). Tan Sri Azlan is also the Chairman/Trustee of Yayasan Astro Kasih and a Trustee of OSK Foundation.
PUAN MAHFUZAH BINTI BAHARIN
Deputy Undersecretary, Tax Division, Ministry of Finance Malaysia
Puan Mahfuzah binti Baharin started her career with the Tax Division of the Ministry of Finance Malaysia since 2000. She has a degree in MBA (International Business) from Universiti Putra Malaysia and first degree in Accounting (Hons.) from International Islamic University of Malaysia. Currently, she is the Deputy Undersecretary of Tax Division who is responsible on formulating and reviewing the tax incentives policy as well as evaluating the application of tax exemptions given to industries and services under various tax legislation.
ENCIK AZNAN BIN ABDUL AZIZ
Assistant Governor, Bank Negara Malaysia
Encik Aznan Abdul Aziz is the Assistant Governor of Bank Negara Malaysia. He is responsible for the Payments Oversight, Financial Conglomerates Supervision, Banking Supervision, Insurance and Takaful Supervision as well as Risk Specialist and Technology Supervision Departments.
Prior to his appointment, he served in several departments in the Bank including Financial Conglomerates and Supervision, Governor’s Office, Islamic Banking and Takaful, Financial Sector Development, Financial Intelligence Unit, Financial Surveillance and Bank Regulation Departments.
He also served as the Chairman of the Financial Technology Enabler Group (FTEG) that is responsible for developing strategies and regulatory policies to facilitate the use of technology in financial services.
Prior to joining Bank Negara Malaysia, he was the Assistant General Manager of Danamodal Nasional Berhad, the special purpose vehicle established to recapitalise distressed financial institutions during the 1997 Asian Financial Crisis. He holds a degree in Economics and Accounting from the University of Bristol, England.
DATUK SYED ZAID ALBAR
Executive Chairman, Securities Commission Malaysia(SC)
Datuk Syed Zaid Albar is the Executive Chairman of the Securities Commission Malaysia (SC). Prior to his appointment as the SC Chairman on 1 November 2018, he was the Managing Partner of Albar & Partners.
Currently, Datuk Syed Zaid chairs the Capital Market Development Fund (CMDF) and a member of the Board of the Financial Reporting Foundation, as well as a member of the Debt Management Office, Ministry of Finance. Datuk Syed Zaid has been elected as the Vice Chairman of the Growth and Emerging Markets (GEM) Committee of the International Organisation of Securities Commissions (IOSCO), the global body of capital market regulators. He is also a member of the governing Board of IOSCO.
Datuk Syed Zaid has a degree in law from the United Kingdom. He is a Barrister at Law of the Lincoln’s Inn, UK and an Advocate and Solicitor of the High Court of Malaya. He has over 38 years’ experience in legal practice predominantly in the fields of corporate law, capital market, conventional banking and Islamic finance.
He has been recognised for his contribution and achievements in the legal practice through numerous domestic and international awards.
With his experience in finance and law, Datuk Syed Zaid has served on the Islamic Law Review Committee of Bank Negara Malaysia and the Appeals Committee of Bursa Malaysia Berhad. He has also served on the boards of several public listed companies in Malaysia.
DATO' GUMURI B HUSSAIN
Non-Executive Chairman, Audit Oversight Board
Dato’ Gumuri, aged 73, is the Non-Executive Chairman of Audit Oversight Board. He was a Board Member of Securities Commission from 2006 to 2016 and Non-Executive Member of Audit Oversight Board from 2012 to 2016.
Among other appointments held by Dato’ Gumuri during his 45 years of experience in audit, accounting and corporate sectors were as a Senior Partner and Deputy Chairman of Governance Board of PricewaterhouseCoopers Malaysia, Chairman of SME Bank, Managing Director and Chief Executive Officer of Penerbangan Malaysia Berhad, Non-Executive Chairman of Sistem Televisyen Malaysia Berhad, Rangkaian Hotel Seri Malaysia Berhad, Non-Executive Director of Media Prima Berhad, Malaysia Airlines System Berhad, Sabah Bank Berhad and Metrod Berhad.
Dato’ Gumuri is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA).
DR. AZMAN HUSSIN
DATUK MUHAMAD UMAR SWIFT
ENCIK HUANG SHZE JIUN
ENCIK MOHAMED RASLAN ABDUL RAHMAN
PUAN ANNE RODRIGUES NEE KOH LAN HEONG
DR. AZMAN HUSSIN
Chief Executive Officer, Companies Commission of Malaysia (SSM)
Dr. Azman Bin Hussin is the Chief Executive Officer (CEO) of the Companies Commission of Malaysia (SSM). Dr. Azman has extensive experience and expertise in the fields of entrepreneurship, corporate, technology and business strategy.
He was previously on the Board of Majlis Amanah Rakyat (MARA), Board of Directors of Silicon Vision Corporation and TSI-Telsys Corporation which are listed on the Montreal Stock Exchange, Canada. He handled the corporate strategy portfolio during his tenure at the Qatar Steel Company and Ooredoo (formerly Qatar Telecom) respectively. In addition, he has taught and trained in strategy in Saudi Arabia, Qatar, Kuwait, Jordan and Malaysia.
Dr. Azman holds a Bachelor's and Master’s Degree in Physics from the University of Ohio, USA and a doctorate in Management from University Utara Malaysia. He has also authored several books that have been marketed internationally including publications titled “Higher Objectives of Humanity” and “Prophet Muhammad the Hallmark of Leadership”.
DATUK MUHAMAD UMAR SWIFT
Chief Executive Officer, Bursa Malaysia Berhad
Datuk Muhamad Umar Swift is the Chief Executive Officer of Bursa Malaysia Berhad. He is also the director of all subsidiary companies within Bursa Malaysia Group, and serves as a Chairman of Bursa Malaysia Derivatives and Clearing.
Datuk Umar has more than 25 years of experience in the areas of banking and financial services. Prior to helming the Exchange, he was the Chief Executive Officer / Group Managing Director of MAA Group Berhad, where he also assumed the role of Chief Executive Officer of Malaysian Assurance Alliance Berhad (now known as Zurich Insurance Malaysia Berhad).
Commencing his career with Price Waterhouse Chartered Accountants, Datuk Umar went on to hold numerous positions within the banking industry before joining Gas Malaysia Sdn Bhd. in 1996 as General Manager, Corporate Finance. A year later, he was promoted to Chief Executive Officer of Gas Malaysia.
In 2002, Datuk Umar became a Practice Leader for the Utilities Business of Deloitte Consulting in Malaysia, before re-entering the financial services industry as Executive Vice President – Head, Enterprise Financial Services Group of Maybank in 2004.
Datuk Umar holds a Bachelor of Economics from Monash University, Australia, and is an Associate of Chartered Accountants Australia and New Zealand, a member of CPA Australia, a Chartered Tax Adviser of The Tax Institute of Australia, and a Fellow of the Financial Services Institute of Australasia (FINSIA) in Australia. He is also a Chartered Accountant with the Malaysian Institute of Accountants, and a Registered Financial Planner.
ENCIK HUANG SHZE JIUN
President, Malaysian Institute of Accountants(MIA)
Encik Huang Shze Jiun is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), an approved Auditor under the Malaysia Companies Act 2016 and a licensed Tax Practitioner.
He holds a number of professional qualifications: He is a member of ASEAN CPA, a Fellow member of the Association of Chartered Certified Accountants, a Fellow member of CPA Australia and a member of the Chartered Tax Institute of Malaysia. In addition, he graduated with an MBA from the University of New England and a Bachelor of Commerce degree from the University of Western Australia.
An experienced practitioner, Encik Huang has been a partner with Johor Bahru-based Baker Tilly HYT since 2005, specialising in taxation and auditing. Previously, he had worked in audit and corporate finance roles in Johor Bahru.
Backed by a wealth of experience in audit and taxation, Encik Huang previously served as the Chairman of the MIA Public Practice Committee and as Chairman of the MIA Practice Review Committee. He is also involved in other key Committees including the Oversight Committee, Nominating Committee, and the Young Professionals Committee of the MIA.
ENCIK MOHAMED RASLAN ABDUL RAHMAN
Chairman, Malaysian Accounting Standards Board
Encik Raslan, a graduate of University of Melbourne with a Bachelor of Commerce, is a Fellow Member of the Chartered Accountants Australia and New Zealand (formerly known as Institute of Chartered Accountants Australia), former Vice President and Council Member of the Malaysian Institute of Certified Public Accountants (MICPA), former Council Member of the Malaysian Institute of Accountants (MIA) and has chaired its disciplinary and investigation committees, and Associate Member, Malaysian Institute of Cooperative and Management Auditors (ICMA). Encik Raslan was an EXCO member and Treasurer of TI-Malaysia. He was a partner in KPMG from 1994 to 2018, carrying out audit and advisory work. Encik Raslan was also the Managing Partner in KPMG from 2010 to 2013. Encik Raslan has been appointed as Chairman for BDO Malaysia Group, with effect from 2 January 2020.
PUAN ANNE RODRIGUES
Independent Non-Executive Director, Kuala Lumpur Kepong Berhad
Puan Anne Rodrigues is a member of Malaysian Institute of Accountants and a Fellow of the Association of Certified Chartered Accountants (ACCA). She also holds a Masters in Business Administration (Distinction) from the University of Bath MIM and a Bachelor of Economics (Class 1 Honours) degree from University of Malaya. She has completed training programmes in “Project Appraisal and Risk Management for Bankers “by Harvard Institute for International Development and Institute of Banks Malaysia and training programmes in Japanese Securities Business by Nomura Securities Co. Ltd Japan.
Puan Anne Rodrigues was the Group Chief Financial Officer of Felda Global Ventures Holdings (FGV) till her official retirement in December 2010. Subsequent to that, she continued as Finance Advisor in FGV and also was posted to Boston as Chief Financial Officer of TRT Holdings Boston USA. She retired in December 2012. She has more than 30 years’ experience in the financial sector, having been previously appointed as the Corporate Treasurer and subsequently Finance Director of Malaysia International Shipping Corporation and previous to that as Finance Manager, Boustead Travel Sdn Bhd.
Puan Anne Rodrigues is currently an Independent Non-Executive Director of the Board of Kuala Lumpur Kepong Berhad and is a member of the Audit Committee of the Board.
ENCIK SRIDHARAN NAIR
ENCIK JALALULLAIL OTHMAN
ENCIK SRIDHARAN NAIR
Managing Partner, PricewaterhouseCoopers
Encik Sridharan Nair (or Encik Sri Nair ) is PwC Malaysia's Managing Partner and the Territory Senior Partner of the PwC Malaysia-Vietnam firm.
He is also a member of PwC’s Asia Pacific Executive Board and Chairman of the Board of its South East Asia Consulting practice.
He is an alumnus of Universiti Malaya and qualified as a Chartered Accountant with a Big 4 firm in London. He has 30 years' experience in audit and business advisory services, having worked with a wide range of clients in the UK and Malaysia. He has been responsible for a portfolio of large listed clients across various industries including financial institutions and has led a number of cross border financial due diligence assignments.
Encik Sri Nair has been a regular speaker, panellist and moderator at various conferences and forums in Malaysia, on topics such as leadership, corporate governance, board diversity, current economic issues, human capital and talent development.
ENCIK JALALULLAIL OTHMAN
Partner, Shook Lin & Bok
Encik Jal Othman, was appointed as Independent Director of CIMB Islamic Bank Berhad on 26 January 2018 and is a Member of the Board Risk Committee.
He heads the Islamic Finance practice in Shook Lin & Bok, one of the oldest and largest law firms in Malaysia. Encik Jal was instrumental in setting up the Islamic Finance practice and continues to chart the course of this practice area within the Firm.
Encik Jal heads a team of approximately 20 lawyers advising on Islamic finance deals. His portfolio of work includes advising on a wide range of sukuk issuances for financing power plants in Malaysia and China, vessel construction, project financing for the automotive industry, the textile and garment industry, the downstream and upstream palm oil industry, advising on Islamic structured products and Islamic syndicated financing.
Encik Jal is also actively involved in the drive for innovation in the industry and in this respect Encik Jal leads the team advising on various product developments for Islamic banks, both in Malaysia and abroad.
In addition to Islamic Finance, Encik Jal’s other major areas of practice are corporate commercial law and real estate. His experience in advising on some major cross border mergers and acquisition and real estate acquisitions have benefited him in his role as an Islamic Finance lawyer. Encik Jal is the deputy head of the conventional banking and finance department.
Encik Jal holds positions in INCEIF University (an institution established under the auspices of the Malaysian Central Bank). Encik Jal has also been commissioned by the Malaysian Securities Commission and the Rating Agency of Malaysia in relation to product development and regulatory requirements. Encik Jal is also involved in law reform with his involvement in the Malaysian Central Bank committee for Islamic Finance Law Reform.
Encik Jal also sits on the technical committees of the Malaysian Accounting Standards Board (“MASB”) and the Malaysian Institute of Accountants (MIA). Additionally, he is also a moderator with the Finance Accreditation Agency (FAA) and an arbitrator for Islamic Finance with the Kuala Lumpur Regional Centre for Arbitration (KLRCA). Encik Jal is also a chapter reviewer and contributor for the International Shariah Research Academy (ISRA).
After graduating from Queen Mary & Westfield College of the University of London and after completing the Malaysian Bar examinations, Encik Jal commenced his pupillage in Shook Lin & Bok and continued his employment with the Firm, culminating in his admission as a partner in 2001. He continued his progression within the Firm with his elevation as a senior partner of the Firm in 2004.
TAN SRI AZLAN ZAINOL
PUAN MAHFUZAH BAHARIN
ENCIK AZNAN BIN ABDUL AZIZ
TAN SRI AZLAN ZAINOL
Chairman, Financial Reporting Foundation
Tan Sri Azlan is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a Fellow Chartered Banker of the Asian Institute of Chartered Bankers (AICB), a Member of the Malaysian Institute of Certified Public Accountants (MICPA) and a Member of the Malaysian Institute of Accountants (MIA).
Tan Sri Azlan was previously the Chief Executive Officer of the Employees Provident Fund Board until his retirement in April 2013. Tan Sri Azlan has more than 30 years of experience in the financial sector, having served as the Managing Director of AmBank Berhad and prior to that, as the Managing Director of AmFinance Berhad.
Tan Sri Azlan’s other directorships in public companies include RHB Bank Berhad (Chairman), RHB Investment Bank Berhad (Chairman), Malaysian Resources Corporation Berhad (Chairman), Kuala Lumpur Kepong Berhad, Eco World International Berhad (Chairman), RHB Capital Berhad (In Member’s Voluntary Liquidation) and Rashid Hussain Berhad (In Member’s Voluntary Liquidation). Tan Sri Azlan is also the Chairman/Trustee of Yayasan Astro Kasih and a Trustee of OSK Foundation.
PUAN MAHFUZAH BINTI BAHARIN
Deputy Undersecretary, Tax Division, Ministry of Finance Malaysia
Puan Mahfuzah binti Baharin started her career with the Tax Division of the Ministry of Finance Malaysia since 2000. She has a degree in MBA (International Business) from Universiti Putra Malaysia and first degree in Accounting (Hons.) from International Islamic University of Malaysia. Currently, she is the Deputy Undersecretary of Tax Division who is responsible on formulating and reviewing the tax incentives policy as well as evaluating the application of tax exemptions given to industries and services under various tax legislation.
ENCIK AZNAN BIN ABDUL AZIZ
Assistant Governor, Bank Negara Malaysia
Encik Aznan Abdul Aziz is the Assistant Governor of Bank Negara Malaysia. He is responsible for the Payments Oversight, Financial Conglomerates Supervision, Banking Supervision, Insurance and Takaful Supervision as well as Risk Specialist and Technology Supervision Departments.
Prior to his appointment, he served in several departments in the Bank including Financial Conglomerates and Supervision, Governor’s Office, Islamic Banking and Takaful, Financial Sector Development, Financial Intelligence Unit, Financial Surveillance and Bank Regulation Departments.
He also served as the Chairman of the Financial Technology Enabler Group (FTEG) that is responsible for developing strategies and regulatory policies to facilitate the use of technology in financial services.
Prior to joining Bank Negara Malaysia, he was the Assistant General Manager of Danamodal Nasional Berhad, the special purpose vehicle established to recapitalise distressed financial institutions during the 1997 Asian Financial Crisis. He holds a degree in Economics and Accounting from the University of Bristol, England.
DATUK SYED ZAID ALBAR
DATO' GUMURI B HUSSAIN
DR. AZMAN HUSSIN
DATUK SYED ZAID ALBAR
Executive Chairman, Securities Commission Malaysia(SC)
Datuk Syed Zaid Albar is the Executive Chairman of the Securities Commission Malaysia (SC). Prior to his appointment as the SC Chairman on 1 November 2018, he was the Managing Partner of Albar & Partners.
Currently, Datuk Syed Zaid chairs the Capital Market Development Fund (CMDF) and a member of the Board of the Financial Reporting Foundation, as well as a member of the Debt Management Office, Ministry of Finance. Datuk Syed Zaid has been elected as the Vice Chairman of the Growth and Emerging Markets (GEM) Committee of the International Organisation of Securities Commissions (IOSCO), the global body of capital market regulators. He is also a member of the governing Board of IOSCO.
Datuk Syed Zaid has a degree in law from the United Kingdom. He is a Barrister at Law of the Lincoln’s Inn, UK and an Advocate and Solicitor of the High Court of Malaya. He has over 38 years’ experience in legal practice predominantly in the fields of corporate law, capital market, conventional banking and Islamic finance.
He has been recognised for his contribution and achievements in the legal practice through numerous domestic and international awards.
With his experience in finance and law, Datuk Syed Zaid has served on the Islamic Law Review Committee of Bank Negara Malaysia and the Appeals Committee of Bursa Malaysia Berhad. He has also served on the boards of several public listed companies in Malaysia.
DATO' GUMURI B HUSSAIN
Non-Executive Chairman, Audit Oversight Board
Dato’ Gumuri, aged 73, is the Non-Executive Chairman of Audit Oversight Board. He was a Board Member of Securities Commission from 2006 to 2016 and Non-Executive Member of Audit Oversight Board from 2012 to 2016.
Among other appointments held by Dato’ Gumuri during his 45 years of experience in audit, accounting and corporate sectors were as a Senior Partner and Deputy Chairman of Governance Board of PricewaterhouseCoopers Malaysia, Chairman of SME Bank, Managing Director and Chief Executive Officer of Penerbangan Malaysia Berhad, Non-Executive Chairman of Sistem Televisyen Malaysia Berhad, Rangkaian Hotel Seri Malaysia Berhad, Non-Executive Director of Media Prima Berhad, Malaysia Airlines System Berhad, Sabah Bank Berhad and Metrod Berhad.
Dato’ Gumuri is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA).
DR. AZMAN HUSSIN
Chief Executive Officer, Companies Commission of Malaysia(SSM)
Dr. Azman Bin Hussin is the Chief Executive Officer (CEO) of the Companies Commission of Malaysia (SSM). Dr. Azman has extensive experience and expertise in the fields of entrepreneurship, corporate, technology and business strategy.
He was previously on the Board of Majlis Amanah Rakyat (MARA), Board of Directors of Silicon Vision Corporation and TSI-Telsys Corporation which are listed on the Montreal Stock Exchange, Canada. He handled the corporate strategy portfolio during his tenure at the Qatar Steel Company and Ooredoo (formerly Qatar Telecom) respectively. In addition, he has taught and trained in strategy in Saudi Arabia, Qatar, Kuwait, Jordan and Malaysia.
Dr. Azman holds a Bachelor's and Master’s Degree in Physics from the University of Ohio, USA and a doctorate in Management from University Utara Malaysia. He has also authored several books that have been marketed internationally including publications titled “Higher Objectives of Humanity” and “Prophet Muhammad the Hallmark of Leadership”.
DATUK MUHAMAD UMAR SWIFT
ENCIK HUANG SHZE JIUN
ENCIK MOHAMED RASLAN ABDUL RAHMAN
DATUK MUHAMAD UMAR SWIFT
Chief Executive Officer, Bursa Malaysia Berhad
Datuk Muhamad Umar Swift is the Chief Executive Officer of Bursa Malaysia Berhad. He is also the director of all subsidiary companies within Bursa Malaysia Group, and serves as a Chairman of Bursa Malaysia Derivatives and Clearing.
Datuk Umar has more than 25 years of experience in the areas of banking and financial services. Prior to helming the Exchange, he was the Chief Executive Officer / Group Managing Director of MAA Group Berhad, where he also assumed the role of Chief Executive Officer of Malaysian Assurance Alliance Berhad (now known as Zurich Insurance Malaysia Berhad).
Commencing his career with Price Waterhouse Chartered Accountants, Datuk Umar went on to hold numerous positions within the banking industry before joining Gas Malaysia Sdn Bhd. in 1996 as General Manager, Corporate Finance. A year later, he was promoted to Chief Executive Officer of Gas Malaysia.
In 2002, Datuk Umar became a Practice Leader for the Utilities Business of Deloitte Consulting in Malaysia, before re-entering the financial services industry as Executive Vice President – Head, Enterprise Financial Services Group of Maybank in 2004.
Datuk Umar holds a Bachelor of Economics from Monash University, Australia, and is an Associate of Chartered Accountants Australia and New Zealand, a member of CPA Australia, a Chartered Tax Adviser of The Tax Institute of Australia, and a Fellow of the Financial Services Institute of Australasia (FINSIA) in Australia. He is also a Chartered Accountant with the Malaysian Institute of Accountants, and a Registered Financial Planner.
ENCIK HUANG SHZE JIUN
President, Malaysian Institute of Accountants(MIA)
Encik Huang Shze Jiun is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), an approved Auditor under the Malaysia Companies Act 2016 and a licensed Tax Practitioner.
He holds a number of professional qualifications: He is a member of ASEAN CPA, a Fellow member of the Association of Chartered Certified Accountants, a Fellow member of CPA Australia and a member of the Chartered Tax Institute of Malaysia. In addition, he graduated with an MBA from the University of New England and a Bachelor of Commerce degree from the University of Western Australia.
An experienced practitioner, Encik Huang has been a partner with Johor Bahru-based Baker Tilly HYT since 2005, specialising in taxation and auditing. Previously, he had worked in audit and corporate finance roles in Johor Bahru.
Backed by a wealth of experience in audit and taxation, Encik Huang previously served as the Chairman of the MIA Public Practice Committee and as Chairman of the MIA Practice Review Committee. He is also involved in other key Committees including the Oversight Committee, Nominating Committee, and the Young Professionals Committee of the MIA.
ENCIK MOHAMED RASLAN ABDUL RAHMAN
Chairman, Malaysian Accounting Standards Board
Encik Raslan, a graduate of University of Melbourne with a Bachelor of Commerce, is a Fellow Member of the Chartered Accountants Australia and New Zealand (formerly known as Institute of Chartered Accountants Australia), former Vice President and Council Member of the Malaysian Institute of Certified Public Accountants (MICPA), former Council Member of the Malaysian Institute of Accountants (MIA) and has chaired its disciplinary and investigation committees, and Associate Member, Malaysian Institute of Cooperative and Management Auditors (ICMA). Encik Raslan was an EXCO member and Treasurer of TI-Malaysia. He was a partner in KPMG from 1994 to 2018, carrying out audit and advisory work. Encik Raslan was also the Managing Partner in KPMG from 2010 to 2013. Encik Raslan has been appointed as Chairman for BDO Malaysia Group, with effect from 2 January 2020.
PUAN ANNE RODRIGUES NEE KOH LAN HEONG
ENCIK SRIDHARAN NAIR
ENCIK JALALULLAIL OTHMAN
PUAN ANNE RODRIGUES
Independent Non-Executive Director, Kuala Lumpur Kepong Berhad
Puan Anne Rodrigues is a member of Malaysian Institute of Accountants and a Fellow of the Association of Certified Chartered Accountants (ACCA). She also holds a Masters in Business Administration (Distinction) from the University of Bath MIM and a Bachelor of Economics (Class 1 Honours) degree from University of Malaya. She has completed training programmes in “Project Appraisal and Risk Management for Bankers “by Harvard Institute for International Development and Institute of Banks Malaysia and training programmes in Japanese Securities Business by Nomura Securities Co. Ltd Japan.
Puan Anne Rodrigues was the Group Chief Financial Officer of Felda Global Ventures Holdings (FGV) till her official retirement in December 2010. Subsequent to that, she continued as Finance Advisor in FGV and also was posted to Boston as Chief Financial Officer of TRT Holdings Boston USA. She retired in December 2012. She has more than 30 years’ experience in the financial sector, having been previously appointed as the Corporate Treasurer and subsequently Finance Director of Malaysia International Shipping Corporation and previous to that as Finance Manager, Boustead Travel Sdn Bhd.
Puan Anne Rodrigues is currently an Independent Non-Executive Director of the Board of Kuala Lumpur Kepong Berhad and is a member of the Audit Committee of the Board.
ENCIK SRIDHARAN NAIR
Managing Partner, PricewaterhouseCoopers
Encik Sridharan Nair (or Encik Sri Nair ) is PwC Malaysia's Managing Partner and the Territory Senior Partner of the PwC Malaysia-Vietnam firm.
He is also a member of PwC’s Asia Pacific Executive Board and Chairman of the Board of its South East Asia Consulting practice.
He is an alumnus of Universiti Malaya and qualified as a Chartered Accountant with a Big 4 firm in London. He has 30 years' experience in audit and business advisory services, having worked with a wide range of clients in the UK and Malaysia. He has been responsible for a portfolio of large listed clients across various industries including financial institutions and has led a number of cross border financial due diligence assignments.
Encik Sri Nair has been a regular speaker, panellist and moderator at various conferences and forums in Malaysia, on topics such as leadership, corporate governance, board diversity, current economic issues, human capital and talent development.
ENCIK JALALULLAIL OTHMAN
Partner, Shook Lin & Bok
Encik Jal Othman, was appointed as Independent Director of CIMB Islamic Bank Berhad on 26 January 2018 and is a Member of the Board Risk Committee.
He heads the Islamic Finance practice in Shook Lin & Bok, one of the oldest and largest law firms in Malaysia. Encik Jal was instrumental in setting up the Islamic Finance practice and continues to chart the course of this practice area within the Firm.
Encik Jal heads a team of approximately 20 lawyers advising on Islamic finance deals. His portfolio of work includes advising on a wide range of sukuk issuances for financing power plants in Malaysia and China, vessel construction, project financing for the automotive industry, the textile and garment industry, the downstream and upstream palm oil industry, advising on Islamic structured products and Islamic syndicated financing.
Encik Jal is also actively involved in the drive for innovation in the industry and in this respect Encik Jal leads the team advising on various product developments for Islamic banks, both in Malaysia and abroad.
In addition to Islamic Finance, Encik Jal’s other major areas of practice are corporate commercial law and real estate. His experience in advising on some major cross border mergers and acquisition and real estate acquisitions have benefited him in his role as an Islamic Finance lawyer. Encik Jal is the deputy head of the conventional banking and finance department.
Encik Jal holds positions in INCEIF University (an institution established under the auspices of the Malaysian Central Bank). Encik Jal has also been commissioned by the Malaysian Securities Commission and the Rating Agency of Malaysia in relation to product development and regulatory requirements. Encik Jal is also involved in law reform with his involvement in the Malaysian Central Bank committee for Islamic Finance Law Reform.
Encik Jal also sits on the technical committees of the Malaysian Accounting Standards Board (“MASB”) and the Malaysian Institute of Accountants (MIA). Additionally, he is also a moderator with the Finance Accreditation Agency (FAA) and an arbitrator for Islamic Finance with the Kuala Lumpur Regional Centre for Arbitration (KLRCA). Encik Jal is also a chapter reviewer and contributor for the International Shariah Research Academy (ISRA).
After graduating from Queen Mary & Westfield College of the University of London and after completing the Malaysian Bar examinations, Encik Jal commenced his pupillage in Shook Lin & Bok and continued his employment with the Firm, culminating in his admission as a partner in 2001. He continued his progression within the Firm with his elevation as a senior partner of the Firm in 2004.
TAN SRI AZLAN ZAINOL
PUAN MAHFUZAH BAHARIN
TAN SRI AZLAN ZAINOL
Chairman, Financial Reporting Foundation
Tan Sri Azlan is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a Fellow Chartered Banker of the Asian Institute of Chartered Bankers (AICB), a Member of the Malaysian Institute of Certified Public Accountants (MICPA) and a Member of the Malaysian Institute of Accountants (MIA).
Tan Sri Azlan was previously the Chief Executive Officer of the Employees Provident Fund Board until his retirement in April 2013. Tan Sri Azlan has more than 30 years of experience in the financial sector, having served as the Managing Director of AmBank Berhad and prior to that, as the Managing Director of AmFinance Berhad.
Tan Sri Azlan’s other directorships in public companies include RHB Bank Berhad (Chairman), RHB Investment Bank Berhad (Chairman), Malaysian Resources Corporation Berhad (Chairman), Kuala Lumpur Kepong Berhad, Eco World International Berhad (Chairman), RHB Capital Berhad (In Member’s Voluntary Liquidation) and Rashid Hussain Berhad (In Member’s Voluntary Liquidation). Tan Sri Azlan is also the Chairman/Trustee of Yayasan Astro Kasih and a Trustee of OSK Foundation.
PUAN MAHFUZAH BINTI BAHARIN
Deputy Undersecretary, Tax Division, Ministry of Finance Malaysia
Puan Mahfuzah binti Baharin started her career with the Tax Division of the Ministry of Finance Malaysia since 2000. She has a degree in MBA (International Business) from Universiti Putra Malaysia and first degree in Accounting (Hons.) from International Islamic University of Malaysia. Currently, she is the Deputy Undersecretary of Tax Division who is responsible on formulating and reviewing the tax incentives policy as well as evaluating the application of tax exemptions given to industries and services under various tax legislation.
ENCIK AZNAN BIN ABDUL AZIZ
DATUK SYED ZAID ALBAR
ENCIK AZNAN BIN ABDUL AZIZ
Assistant Governor, Bank Negara Malaysia
Encik Aznan Abdul Aziz is the Assistant Governor of Bank Negara Malaysia. He is responsible for the Payments Oversight, Financial Conglomerates Supervision, Banking Supervision, Insurance and Takaful Supervision as well as Risk Specialist and Technology Supervision Departments.
Prior to his appointment, he served in several departments in the Bank including Financial Conglomerates and Supervision, Governor’s Office, Islamic Banking and Takaful, Financial Sector Development, Financial Intelligence Unit, Financial Surveillance and Bank Regulation Departments.
He also served as the Chairman of the Financial Technology Enabler Group (FTEG) that is responsible for developing strategies and regulatory policies to facilitate the use of technology in financial services.
Prior to joining Bank Negara Malaysia, he was the Assistant General Manager of Danamodal Nasional Berhad, the special purpose vehicle established to recapitalise distressed financial institutions during the 1997 Asian Financial Crisis. He holds a degree in Economics and Accounting from the University of Bristol, England.
DATUK SYED ZAID ALBAR
Executive Chairman, Securities Commission Malaysia(SC)
Datuk Syed Zaid Albar is the Executive Chairman of the Securities Commission Malaysia (SC). Prior to his appointment as the SC Chairman on 1 November 2018, he was the Managing Partner of Albar & Partners.
Currently, Datuk Syed Zaid chairs the Capital Market Development Fund (CMDF) and a member of the Board of the Financial Reporting Foundation, as well as a member of the Debt Management Office, Ministry of Finance. Datuk Syed Zaid has been elected as the Vice Chairman of the Growth and Emerging Markets (GEM) Committee of the International Organisation of Securities Commissions (IOSCO), the global body of capital market regulators. He is also a member of the governing Board of IOSCO.
Datuk Syed Zaid has a degree in law from the United Kingdom. He is a Barrister at Law of the Lincoln’s Inn, UK and an Advocate and Solicitor of the High Court of Malaya. He has over 38 years’ experience in legal practice predominantly in the fields of corporate law, capital market, conventional banking and Islamic finance.
He has been recognised for his contribution and achievements in the legal practice through numerous domestic and international awards.
With his experience in finance and law, Datuk Syed Zaid has served on the Islamic Law Review Committee of Bank Negara Malaysia and the Appeals Committee of Bursa Malaysia Berhad. He has also served on the boards of several public listed companies in Malaysia.
DATO' GUMURI B HUSSAIN
DR. AZMAN HUSSIN
DATO' GUMURI B HUSSAIN
Non-Executive Chairman, Audit Oversight Board
Dato’ Gumuri, aged 73, is the Non-Executive Chairman of Audit Oversight Board. He was a Board Member of Securities Commission from 2006 to 2016 and Non-Executive Member of Audit Oversight Board from 2012 to 2016.
Among other appointments held by Dato’ Gumuri during his 45 years of experience in audit, accounting and corporate sectors were as a Senior Partner and Deputy Chairman of Governance Board of PricewaterhouseCoopers Malaysia, Chairman of SME Bank, Managing Director and Chief Executive Officer of Penerbangan Malaysia Berhad, Non-Executive Chairman of Sistem Televisyen Malaysia Berhad, Rangkaian Hotel Seri Malaysia Berhad, Non-Executive Director of Media Prima Berhad, Malaysia Airlines System Berhad, Sabah Bank Berhad and Metrod Berhad.
Dato’ Gumuri is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA).
DR. AZMAN HUSSIN
Chief Executive Officer, Companies Commission of Malaysia(SSM)
Dr. Azman Bin Hussin is the Chief Executive Officer (CEO) of the Companies Commission of Malaysia (SSM). Dr. Azman has extensive experience and expertise in the fields of entrepreneurship, corporate, technology and business strategy.
He was previously on the Board of Majlis Amanah Rakyat (MARA), Board of Directors of Silicon Vision Corporation and TSI-Telsys Corporation which are listed on the Montreal Stock Exchange, Canada. He handled the corporate strategy portfolio during his tenure at the Qatar Steel Company and Ooredoo (formerly Qatar Telecom) respectively. In addition, he has taught and trained in strategy in Saudi Arabia, Qatar, Kuwait, Jordan and Malaysia.
Dr. Azman holds a Bachelor's and Master’s Degree in Physics from the University of Ohio, USA and a doctorate in Management from University Utara Malaysia. He has also authored several books that have been marketed internationally including publications titled “Higher Objectives of Humanity” and “Prophet Muhammad the Hallmark of Leadership”.
DATUK MUHAMAD UMAR SWIFT
ENCIK HUANG SHZE JIUN
DATUK MUHAMAD UMAR SWIFT
Chief Executive Officer, Bursa Malaysia Berhad
Datuk Muhamad Umar Swift is the Chief Executive Officer of Bursa Malaysia Berhad. He is also the director of all subsidiary companies within Bursa Malaysia Group, and serves as a Chairman of Bursa Malaysia Derivatives and Clearing.
Datuk Umar has more than 25 years of experience in the areas of banking and financial services. Prior to helming the Exchange, he was the Chief Executive Officer / Group Managing Director of MAA Group Berhad, where he also assumed the role of Chief Executive Officer of Malaysian Assurance Alliance Berhad (now known as Zurich Insurance Malaysia Berhad).
Commencing his career with Price Waterhouse Chartered Accountants, Datuk Umar went on to hold numerous positions within the banking industry before joining Gas Malaysia Sdn Bhd. in 1996 as General Manager, Corporate Finance. A year later, he was promoted to Chief Executive Officer of Gas Malaysia.
In 2002, Datuk Umar became a Practice Leader for the Utilities Business of Deloitte Consulting in Malaysia, before re-entering the financial services industry as Executive Vice President – Head, Enterprise Financial Services Group of Maybank in 2004.
Datuk Umar holds a Bachelor of Economics from Monash University, Australia, and is an Associate of Chartered Accountants Australia and New Zealand, a member of CPA Australia, a Chartered Tax Adviser of The Tax Institute of Australia, and a Fellow of the Financial Services Institute of Australasia (FINSIA) in Australia. He is also a Chartered Accountant with the Malaysian Institute of Accountants, and a Registered Financial Planner.
ENCIK HUANG SHZE JIUN
President, Malaysian Institute of Accountants(MIA)
Encik Huang Shze Jiun is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), an approved Auditor under the Malaysia Companies Act 2016 and a licensed Tax Practitioner.
He holds a number of professional qualifications: He is a member of ASEAN CPA, a Fellow member of the Association of Chartered Certified Accountants, a Fellow member of CPA Australia and a member of the Chartered Tax Institute of Malaysia. In addition, he graduated with an MBA from the University of New England and a Bachelor of Commerce degree from the University of Western Australia.
An experienced practitioner, Encik Huang has been a partner with Johor Bahru-based Baker Tilly HYT since 2005, specialising in taxation and auditing. Previously, he had worked in audit and corporate finance roles in Johor Bahru.
Backed by a wealth of experience in audit and taxation, Encik Huang previously served as the Chairman of the MIA Public Practice Committee and as Chairman of the MIA Practice Review Committee. He is also involved in other key Committees including the Oversight Committee, Nominating Committee, and the Young Professionals Committee of the MIA.
ENCIK MOHAMED RASLAN ABDUL RAHMAN
PUAN ANNE RODRIGUES NEE KOH LAN HEONG
ENCIK MOHAMED RASLAN ABDUL RAHMAN
Chairman, Malaysian Accounting Standards Board
Encik Raslan, a graduate of University of Melbourne with a Bachelor of Commerce, is a Fellow Member of the Chartered Accountants Australia and New Zealand (formerly known as Institute of Chartered Accountants Australia), former Vice President and Council Member of the Malaysian Institute of Certified Public Accountants (MICPA), former Council Member of the Malaysian Institute of Accountants (MIA) and has chaired its disciplinary and investigation committees, and Associate Member, Malaysian Institute of Cooperative and Management Auditors (ICMA). Encik Raslan was an EXCO member and Treasurer of TI-Malaysia. He was a partner in KPMG from 1994 to 2018, carrying out audit and advisory work. Encik Raslan was also the Managing Partner in KPMG from 2010 to 2013. Encik Raslan has been appointed as Chairman for BDO Malaysia Group, with effect from 2 January 2020.
PUAN ANNE RODRIGUES NEE KOH LAN HEONG
Independent Non-Executive Director, Kuala Lumpur Kepong Berhad
Puan Anne Rodrigues is a member of Malaysian Institute of Accountants and a Fellow of the Association of Certified Chartered Accountants (ACCA). She also holds a Masters in Business Administration (Distinction) from the University of Bath MIM and a Bachelor of Economics (Class 1 Honours) degree from University of Malaya. She has completed training programmes in “Project Appraisal and Risk Management for Bankers “by Harvard Institute for International Development and Institute of Banks Malaysia and training programmes in Japanese Securities Business by Nomura Securities Co. Ltd Japan.
Puan Anne Rodrigues was the Group Chief Financial Officer of Felda Global Ventures Holdings (FGV) till her official retirement in December 2010. Subsequent to that, she continued as Finance Advisor in FGV and also was posted to Boston as Chief Financial Officer of TRT Holdings Boston USA. She retired in December 2012. She has more than 30 years’ experience in the financial sector, having been previously appointed as the Corporate Treasurer and subsequently Finance Director of Malaysia International Shipping Corporation and previous to that as Finance Manager, Boustead Travel Sdn Bhd.
Puan Anne Rodrigues is currently an Independent Non-Executive Director of the Board of Kuala Lumpur Kepong Berhad and is a member of the Audit Committee of the Board.
ENCIK SRIDHARAN NAIR
ENCIK JALALULLAIL OTHMAN
ENCIK SRIDHARAN NAIR
Managing Partner, PricewaterhouseCoopers
Encik Sridharan Nair (or Encik Sri Nair ) is PwC Malaysia's Managing Partner and the Territory Senior Partner of the PwC Malaysia-Vietnam firm.
He is also a member of PwC’s Asia Pacific Executive Board and Chairman of the Board of its South East Asia Consulting practice.
He is an alumnus of Universiti Malaya and qualified as a Chartered Accountant with a Big 4 firm in London. He has 30 years' experience in audit and business advisory services, having worked with a wide range of clients in the UK and Malaysia. He has been responsible for a portfolio of large listed clients across various industries including financial institutions and has led a number of cross border financial due diligence assignments.
Encik Sri Nair has been a regular speaker, panellist and moderator at various conferences and forums in Malaysia, on topics such as leadership, corporate governance, board diversity, current economic issues, human capital and talent development.
ENCIK JALALULLAIL OTHMAN
Partner, Shook Lin & Bok
Encik Jal Othman, was appointed as Independent Director of CIMB Islamic Bank Berhad on 26 January 2018 and is a Member of the Board Risk Committee.
He heads the Islamic Finance practice in Shook Lin & Bok, one of the oldest and largest law firms in Malaysia. Encik Jal was instrumental in setting up the Islamic Finance practice and continues to chart the course of this practice area within the Firm.
Encik Jal heads a team of approximately 20 lawyers advising on Islamic finance deals. His portfolio of work includes advising on a wide range of sukuk issuances for financing power plants in Malaysia and China, vessel construction, project financing for the automotive industry, the textile and garment industry, the downstream and upstream palm oil industry, advising on Islamic structured products and Islamic syndicated financing.
Encik Jal is also actively involved in the drive for innovation in the industry and in this respect Encik Jal leads the team advising on various product developments for Islamic banks, both in Malaysia and abroad.
In addition to Islamic Finance, Encik Jal’s other major areas of practice are corporate commercial law and real estate. His experience in advising on some major cross border mergers and acquisition and real estate acquisitions have benefited him in his role as an Islamic Finance lawyer. Encik Jal is the deputy head of the conventional banking and finance department.
Encik Jal holds positions in INCEIF University (an institution established under the auspices of the Malaysian Central Bank). Encik Jal has also been commissioned by the Malaysian Securities Commission and the Rating Agency of Malaysia in relation to product development and regulatory requirements. Encik Jal is also involved in law reform with his involvement in the Malaysian Central Bank committee for Islamic Finance Law Reform.
Encik Jal also sits on the technical committees of the Malaysian Accounting Standards Board (“MASB”) and the Malaysian Institute of Accountants (MIA). Additionally, he is also a moderator with the Finance Accreditation Agency (FAA) and an arbitrator for Islamic Finance with the Kuala Lumpur Regional Centre for Arbitration (KLRCA). Encik Jal is also a chapter reviewer and contributor for the International Shariah Research Academy (ISRA).
After graduating from Queen Mary & Westfield College of the University of London and after completing the Malaysian Bar examinations, Encik Jal commenced his pupillage in Shook Lin & Bok and continued his employment with the Firm, culminating in his admission as a partner in 2001. He continued his progression within the Firm with his elevation as a senior partner of the Firm in 2004.
Members of the FRF Committees are:
Executive Committee
- Tan Sri Azlan Zainol
- Puan Mahfuzah Baharin
- Datuk Syed Zaid Albar
- Datuk Muhamad Umar Swift
- Encik Mohamed Raslan Abdul Rahman
Audit Committee
- Encik Huang Shze Jiun
- Dato' Gumuri b Hussain
- Encik Sridharan Nair
- Encik Jalalullail Othman
Nomination Committee
- Encik Aznan bin Abdul Aziz
- Datuk Syed Zaid Albar
- Tan Sri Azlan Zainol
- Encik Mohamed Raslan Abdul Rahman
Procurement Committee
- Puan Mahfuzah Baharin
- Datuk Syed Zaid Albar
- Datuk Muhamad Umar Swift
- Encik Aznan bin Abdul Aziz
Quotation Committee
- Encik Mohamed Raslan Abdul Rahman
- Puan Mahfuzah Baharin
- Encik Jalalullail Othman
- Puan Anne Rodrigues
