President`s report made at 6th AGM held on 31/3/16

iPAM
InsolvencyPractitionersAssociationofMalaysia
(Persatuan Pengamal Insolvensi Malaysia)
President’sReport2015
31March2016
iPAM
President's Report2015|31March2016
STRICTLYCONFIDENTIAL
|Page1
Whatwewillbecovering
1
Introduction ofiPAM
2
iPAM’s initiativesfor2015/2016
3
iPAM’s ongoing initiatives
4
Membership updates
iPAM
President's Report2015|31March2016
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Whatwewillbecovering
1
Introduction ofiPAM
2
2
Processandchallengesinreviving
iPAM’s
initiativesfor2015/2016 abandoned projectsandcasestudies
3
iPAM’s ongoing initiatives
4
Membership updates
iPAM
President's Report2015|31March2016
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IntroductionofiPAM
Councilmembers2015/2016
Background
•
iPAM isanon-Government andnon-profit
organisation;
•
IncorporatedasaSocietyandregistered
withtheRegistrarofSocietiesMalaysiaon
8February2010;
•
Amembershipbodyforpersonsinterested
ininsolvencyandcorporaterestructuring;
and
•
Mainobjectiveistoimpactlegislative
reformviadevelopmentof:
o Malaysianlaw
o Practices
o Educationanddevelopment
intheareasofinsolvency,receivership
andliquidation,businessrestructuringand
turnaroundmanagement.
President
VicePresident
Secretary
Treasurer
ImmediatePast
President
PastPresident
CouncilMembers
:
:
:
:
:
Stephen Duar
Ooi Woon Chee
OngHockAn
DatukSLNg
Dato’Gan AhTee
: LimTianHuat
: LimSanPeen
Yoong SinMin
YipKok Leong
KhooPohPoh
KumarKanagasingam
Saheran Suhendran
LeeShih
Rabindra S.Nathan
Kumar Nathan
iPAM
President's Report2015|31March2016
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Whatwewillbecovering
1
Introduction ofiPAM
2
iPAM’s initiativesfor2015/2016
3
iPAM’s ongoing initiatives
4
Membership updates
iPAM
President's Report2015|31March2016
STRICTLYCONFIDENTIAL
|Page5
2015/2016councilmembers
iPAM
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iPAM’s 2015/2016initiativesbycouncilmembers
No.
ProposedInitiatives
Lead/Co- Lead
TeamMembers
SD/DG/ LTH
All
OHA/ KPP
YKL,LS
SD/DG/ LTH
All
LTH
YKL,SS
KK/DG
DSL, KN,RSN
1.
CSAP
2.
Recognitionasprofessional body
3.
Proposed pathwaytobecomeliquidators andsyllabus
outline forinsolvency examination - IPAM/MIAMOU
4.
Membership drive
5.
Proposed amendmentstotheHDA
6.
Seminars/ trainings
LSP
YSM, KPP,OHA
7.
IPAM communications andwebsite
OWC
LS
8.
Networkingevents
DSL
LTH, YKL,SS
Abbreviations:
StephenDuar
Ooi Woon Chee
OngHock An
Datuk SLNg
Dato’Gan AhTee
LimTianHuat
LimSanPeen
Yoong SinMin
:SD
:OWC
:OHA
:DSL
:DG
:LTH
:LSP
:YSM
YipKok Leong
Khoo PohPoh
KumarKanagasingam
Saheran Suhendran
LeeShih
Rabindra S.Nathan
KumarNathan
:YKL
:KPP
:KK
:SS
:LS
:RSN
:KN
iPAM
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SummaryofiPAM’s 2015/2016initiatives
No.
Key Initiatives
Driver ofInitiatives
1.
iPAM hassubmitted aproposalontheProposed Pathwayto
becomeApprovedLiquidators totheMalaysiaInstituteof
Accountants(“MIA”)inSeptember2015.
Lead: StephenDuar &Dato’Gan AhTee
and
iPAM councilmembers
2.
iPAM togetherwithMIAandMalaysianInstituteofCertified
Public Accountantshadsubmittedtheproposed
amendmentstotheHousingDevelopment(Control and
Licensing) Act1966inMay2015.
Lead:Dato’Gan AhTee&Kumar Kanagasingam
DatukSLNg
KumarNathan
Rabindra S.Nathan
3.
iPAM rolledoutanewwebpageinFebruary2016.
Lead:Ooi Woon Chee
LeeShih
4.
iPAM wasinvitedasspeakerstothefollowingseminars:
• MdI Seminar
• SSMSeminar- Rescue mechanism, chargesand
receivershipworkshop
• SSMNationalConference 2015- Corporaterescue
mechanism
Lead:LimSanPeen
and
iPAM councilmembers
iPAM
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iPAM’s newlyrolledoutwebpage
iPAM
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Seminarsthroughout2015/2016
MDISeminar
Location
Date
Presenters
Primaland Resort& Convention Centre,PortDickson
23April2015
StephenDuar(President- IPAM)
KumarNathan (Council Member- IPAM)
ChaiMengLing(Advocate &Solicitor- LHAG)
Khoo PohPoh (Council Member- IPAM)
iPAM
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Seminarsthroughout2015/2016(continued)
SSMSeminar- RescueMechanism,Charges&ReceivershipWorkshop
Location
Date
Presenters
SSM@Sentral
27&28July 2015
BDO
EY
PwC
Ranjit Ooi &RobertLow
Skrine
iPAM
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Seminarsthroughout2015/2016(continued)
SSMNationalConference 2015- CorporateRescueMechanism
Location
Date
Presenters
SSM@Sentral
8&9September2015
LimSanPeen(PwC)
StephenDuar (EY)
iPAM
President's Report2015|31March2016
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Whatwewillbecovering
1
Introduction ofiPAM
2
iPAM’s initiativesfor2015/2016
3
iPAM’s ongoing initiatives
4
Membership updates
iPAM
President's Report2015|31March2016
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SummaryofiPAM’s ongoinginitiatives
No.
Key Initiatives
DriverofOngoing Initiatives
1.
iPAM aimstoworktowardsitsrecognitionasaprofessional
body.
Lead:OngHockAn&Khoo Poh Poh
and
LeeShih
YipKok Leong
2.
iPAM hasbeeninvitedasthetechnicalpartnerofSSMto
conducttheupcoming NationalInsolvency Conference2016
inOctober2016.
Lead:Lim SanPeen
and
iPAM council members
3.
iPAM’s networkingevent:AnnualDinnerwillbeheldon30
April2016atOneWorld Hotel.
Organising Chairman:DatukSL Ng
and
Lim TianHuat
YipKok Leong
Saheran Suhendran
4.
Membership drive
Lead:LimTianHuat
and
YipKok Leong
Saheran Suhendran
iPAM
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Whatwewillbecovering
1
Introduction ofiPAM
2
iPAM’s initiativesfor2015/2016
3
iPAM’s ongoing initiatives
4
Membership updates
iPAM
President's Report2015|31March2016
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iPAM membershipstatusfor2015/2016
SummaryofiPAM membersfor2015/2016
No.ofMembers
No.
Type ofMembers
2014/2015
2015/2016
Increase(No.)
1.
Full(Class A)
36
38
2
2.
Full(Class B)
35
41
6
3.
Associate
22
26
4
93
105
12
Total
iPAM
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iPAM membersprofile2015/2016
SummaryofiPAM membersbyorganisation andtypeofmembership
90
No.of
members
SummaryofiPAM membersbygeographicalarea
77%
80
Malacca,
3
70
Penang,1
38
60
50
22
30
19%
20
0
Sarawak,
1
Selangor,
15
40
10
Johor, 2
15
4%
4
5
Bankers
Lawyers
21
Full(ClassA)
Full(ClassB)
Associate
Kuala
Lumpur,
83
MIA/MICPA
memberfirms
iPAM
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ThankYou
iPAM
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