A-G is directly appointed by the PM and given absolute power under Article 145(3) at his discretion to institute, conduct or discontinue any proceedings for an offence.
SO AG decided to compound SERBA instead of institute prosecution in court of law.
Reference is made to your e-mail on the above matter.
We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements.
As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court.
We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements).
I am not so smart and bright so may I ask if I am not mistaken there are thounsands of road accidents everyday so whose responsibility to report road accident?
Thank you for including MSWG in the loop for your whistleblowing process.
As MSWG is not a Regulator, no investigation or enforcement will be carried out by us. However, we will take note of the highlighted issues and raise the relevant questions at their next AGM.
Our sifu sslee is a good samaritan fighting very hard for justice & fairness for all of us loh!
Posted by Sslee > 5 minutes ago | Report Abuse
Dear Mr. Lee,
Thank you for including MSWG in the loop for your whistleblowing process.
As MSWG is not a Regulator, no investigation or enforcement will be carried out by us. However, we will take note of the highlighted issues and raise the relevant questions at their next AGM.
My main take away is not on promoting INSAS but promoting shareholders activism: Shareholder activism is not a privilege - it is a right and a responsibility. When we invest in a company, we own part of that company and we are partly responsible for how that company progresses. If we believe there is something going wrong with the company, then we, as shareholders, must become active and vocal- Mark Mobius.
I admire Jack Ma priority “Customer first, Employees second and Shareholder third”.
Without customer there will be no sales. Without employees there will be no product for sales. Without shareholders fund there will be no capital to employ employees to make product. Or in other words as long as customers is happy (Buy more), employees is happy (produce more efficiently) then for sure business will grow and shareholder will enjoy the dividend/share price appreciation and proud to be part owner of such a wonderful company. (Ask Jonny English to explain what a wonderful company is?)
But in Malaysia I am very sad that some of the CEO of public companies are self serving in dipping their hand into the cookies jar, treating the company as their own private piggy bank and their priority is Me first, Me second and Me third.
Nothing destroy the share value of the company faster than a self serving or a conman CEO and many people lose his/her life saving and some even commit suicide because of insider con job/scam. The conman/scammer get away with murder because good man do nothing until when the victim is his own family member or close friends then only they regret not doing something to stop or expose the scam.
We as minority shareholders are perfectly capable and able to stop it before it happen if we just care to attend AGM ask the hard questions and hold the BOD and external auditor accountable. Follow up and report any irregularities/red flags to SC/Bursa.
Do not live a life of regret, remorse and guilt like spider man (Peter Parker) due to his selfish misjudgment and let go a robber that he can easily caught, who later turn up as murderer of his Uncle Ben. Knowledge is power and with great power come great responsibility.
I would like to thank the organizer for giving me the opportunity to share my presentation with you. I’m grateful to i3 bloggers and commentators for sharing their knowledge in i3 because Knowledge, if kept to your-self, has no value. Only by sharing, we create the value. Let’s build a community of Giant Redwoods in i3 where we support and hold up each other.
He know Hengyuan kon......but he promote buy to innocent naive...I3 investor loh!
kon man mike action is despicable loh!
Posted by Mikecyc > 2 minutes ago | Report Abuse
Haha same same as in Xinquin… Kon artist sslleee is promoted … even he knew is under Accounting Fraud… until delisted… said in 2 forums that he did not sell as worry if sold to those cannot afford …
Later what he did is also wrote to BOD lah … SC lah .. etc etc .. what a Pretender like Bit ch widow Moneymaker…
The flight to moon involved going round the earth to build up speed before you can take off to the moon.
My aim is not to win the battle but to win the war. And that war can only be won by more and more minority shareholders exercise their rights to hold BOD and management responsible, accountable and answerable.
I am eager to see how HRC talk the talk and walk the walk on their whistleblowing policy.
sslee........................... Adani Implosion Threatens Broader Blow to Indian Markets...................people write short reports can cause shares to collapse................. your short reports can do what?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
7,048 posts
Posted by Sslee > 2023-02-03 08:49 | Report Abuse
Actually the flight path to moon is fly around earth then swing to the moon. The return trip also fly around moon then swing back to earth.