icaew thought leadership luncheon 2018 · 2018-06-19 · big data and analytics: what's new...

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ICAEW Thought Leadership Luncheon 2018 THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES (ICAEW) There are over 1.7M chartered accountants and students around the world − talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future. Over 150,000 of these are ICAEW Chartered Accountants. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair. We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide, as we believe accountancy is a force for positive economic change across the world. www.charteredaccountantsworldwide.com www.globalaccountingalliance.com ICAEW Malaysia Level 2, Chulan Tower 3 Jalan Conlay, 50450 Kuala Lumpur T +60 3 2171 6023 E [email protected] Facebook.com/icaewsea #ICAEWSEA Source: www.icaew.com/en/about-icaew/who-we-are/icaew-overview © ICAEW TECPLN13638 06/18 For the soft copy of the event programme

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Page 1: ICAEW Thought Leadership Luncheon 2018 · 2018-06-19 · BIG DATA AND ANALYTICS: WHAT'S NEW Big data is creating many opportunities for businesses to derive greater insight from data,

ICAEW Thought LeadershipLuncheon 2018

THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES (ICAEW)There are over 1.7M chartered accountants and students around the world − talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.

Over 150,000 of these are ICAEW Chartered Accountants. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.

We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide, as we believe accountancy is a force for positive economic change across the world.

www.charteredaccountantsworldwide.com www.globalaccountingalliance.com

ICAEW MalaysiaLevel 2, Chulan Tower3 Jalan Conlay, 50450 Kuala Lumpur

T +60 3 2171 6023E [email protected] Facebook.com/icaewsea #ICAEWSEA

Source: www.icaew.com/en/about-icaew/who-we-are/icaew-overview

© ICAEW TECPLN13638 06/18For the soft copy

of the event programme

Page 2: ICAEW Thought Leadership Luncheon 2018 · 2018-06-19 · BIG DATA AND ANALYTICS: WHAT'S NEW Big data is creating many opportunities for businesses to derive greater insight from data,

11:30 Registration and networking

12:00 Lunch 12:45 Panel discussion Opportunities for public and private organisations in Malaysia to contribute towards a world of strong economies and share true value as a wholesome nation • Tan Sri Dato’ Sri Abdul Wahid bin Omar Group Chairman of Permodalan Nasional Berhad • Tan Sri Dato’ Seri Dr. Jeffrey Cheah, AO Founder and Chairman, Sunway Group • Paul Aplin, OBE President, ICAEW, 2018-19

14:00 End

PROGRAMME

ICAEW has a vision of a world of strong economies, a strategic ambition to cultivate economic opportunities that bring about benefits for many.

We believe that the future is a world where businesses of all sizes are profitable and sustainably minded, where public institutions are effective and accountable, where developing economies have the infrastructure to thrive, and where everyone has access to jobs and services.

In Malaysia, many leading public and private institutions are already working

towards the creation of positive long-term economic, social and environmental change. These forward-thinking organisations share a common belief − the desire to deliver true value for Malaysians and leave a footprint beyond corporate wealth for future generations.

Today, the ICAEW Members Society, Malaysian Chapter, invites you to discover opportunities and examine the roles that businesses in Malaysia can play, as we journey towards becoming a sustainable and inclusive economy, a caring nation that shares its successes with all.

PAUL APLIN, OBEPresident, ICAEW, 2018-19

Paul Aplin joined A C Mole & Sons with an honours degree in biology and chemistry in 1980. He qualified as a Chartered Accountant in 1985; a member of the Chartered Institute of Taxation in 1989; and became the firm’s first tax partner in 1992.

He has served as Chairman of ICAEW Tax Faculty and until May 2016 chaired its Technical Committee. He writes for various tax and accountancy journals and is regularly quoted on tax issues in the English national press. He is an editorial board member of the Tax Journal, United Kingdom. Paul acts for a wide range of personal and company tax clients.

Paul was named Tax Personality of the Year in the 2007 UK Tax Awards for the part he played in persuading the government to

reverse its decision to shorten the tax return filing deadline. He received the Outstanding Industry Contribution award in the 2013 British Accountancy Awards and was listed as 7th in the Accountancy Age 2014 "Financial Power List" of people who had influenced tax and financial policy in the UK. He was appointed OBE in The Queen's Birthday Honours List 2009 for public service and services to the accountancy profession.

Away from the office, he is a keen hill walker and climber, with 21,000' of Himalayan and many high Alpine peaks to his credit. His other interests include photography (he is a licentiate of the Royal Photographic Society), keeping ducks and walking his Border Collie.

Page 3: ICAEW Thought Leadership Luncheon 2018 · 2018-06-19 · BIG DATA AND ANALYTICS: WHAT'S NEW Big data is creating many opportunities for businesses to derive greater insight from data,

Tan Sri Abdul Wahid Omar, aged 54, was appointed as Group Chairman of Permodalan Nasional Berhad (PNB) on1 August 2016 following the completion of his term as a Senator and Minister in the Prime Minister’s Department in charge of Economic Planning from June 2013 to June 2016. Prior to his cabinet appointment, Tan Sri Abdul Wahid was formerly the President and CEO of Maybank, Malaysia’s largest banking group and one of the leading banking groups in Southeast Asia, from May 2008. He was also the Chairman of The Association of Banks in Malaysia. He is a Fellow of the Association of Chartered Certified Accountants (UK) as well as a member of the Institute of Chartered Accountants in England & Wales (ICAEW) and the Malaysian Institute of Accountants (MIA).

Maybank was the third major organisation that he has led as CEO. Prior to joining Maybank, he was Group Chief Executive Officer of Telekom Malaysia Berhad from

YANG BERBAHAGIA TAN SRI DATO’ SRI ABDUL WAHID BIN OMARGroup Chairman of Permodalan Nasional Berhad

July 2004 until its demerger with Axiata Group Berhad in April 2008. He was also formerly Managing Director/Chief Executive Officer of UEM Group Berhad as well as Executive Vice Chairman of PLUS Expressways Berhad.

Tan Sri Abdul Wahid has received numerous awards throughout his career. This includes the Malaysia's CEO of the Year 2006 award from Business Times/American Express, The Asian Banker's 2013 Leadership Achievement Award for Malaysia and The Edge Value Creator 2013. He was also awarded the Honorary Doctorate in Economics from Multimedia University, Malaysia, in 2014.

He was conferred with the Panglima Setia Mahkota (PSM) award by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong for his invaluable contributions to the Country.

YANG BERBAHAGIA TAN SRI DATO’ SERI DR. JEFFREY CHEAH, AOFounder and Chairman, Sunway Group

Tan Sri Dato’ Seri Dr. Jeffrey Cheah is the visionary founder and chairman of Sunway Group, a leading Malaysian conglomerate with core interests in real estate, construction, education and healthcare. He is also the founding trustee of Malaysia’s largest education-focused social enterprise, the Jeffrey Cheah Foundation (JCF).

His lifelong dedication to sustainable development is evident in the host of thriving communities throughout Sunway’s integrated developments and townships, which collectively span across more than 5,000 acres across Malaysia. He has also shown magnanimous philanthropy through the JCF, making quality education accessible to all deserving and bright students, for posterity.

Tan Sri Cheah firmly believes that education is key in providing the optimum route out of poverty. Therefore, he has invested heavily in Sunway’s education businesses that are today run by his eponymous foundation. The JCF has disbursed more than RM330 million in scholarships to thousands of deserving students. Tan Sri Cheah aims to award RM 1 billion in scholarships during his lifetime.

Demonstrating his deep commitment to the sustainability agenda, Tan Sri Cheah, through the JCF, endowed US$10 million to the United Nations

which was used to establish the Jeffrey Sachs Center on Sustainable Development at Sunway University. The centre is chaired by Professor Jeffrey D. Sachs, a world renowned economist and special adviser to the UN Secretary General on sustainable development. The JSC aims to develop the global expertise needed to move Malaysia and the region forward in the area of sustainable development.

Besides being conferred 10 honorary doctorates by leading universities worldwide, Tan Sri Cheah was also recognised twice as Forbes Asia’s Hero of Philanthropy in 2009 and 2015 respectively. He was appointed Council Member of the United Nations Sustainable Development Solutions Network in 2013; a member of Harvard’s Global Advisory Council in 2014; and a member of the Committee of University Resources at Harvard in 2015. He is the chairman and co-founder of Asian Strategy & Leadership Institute (ASLI), a leading independent private think tank committed to the development of Asian leadership and strategic thinking. He was also appointed Officer of the Order of Australia (“AO”) by the Prime Minister of Australia for his contribution in building bilateral relations between Malaysia and Australia through education, among a long, growing list of accomplishments.

Page 4: ICAEW Thought Leadership Luncheon 2018 · 2018-06-19 · BIG DATA AND ANALYTICS: WHAT'S NEW Big data is creating many opportunities for businesses to derive greater insight from data,

Keep updated on the latest developments in the dynamic world of business and finance with an ICAEW faculty membership.

Our faculties support your professional development by bringing important information to your attention, ensuring that you have the knowledge you need to stay ahead.

Faculties include Audit and Assurance, Business and Management, Corporate Finance, Financial Reporting, Financial

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Services, IT, and Tax. We also have an Excel Community that provides practical advice on how to utilise this tool to its full potential.

Conduct business with confidence and support your personal development with the best content in one place.

Visit www.icaew.com/en/groups-and-networks/faculties to find out more.

BIG DATA AND ANALYTICS: WHAT'S NEWBig data is creating many opportunities for businesses to derive greater insight from data, predict future outcomes more accurately, and automate non-routine tasks. This report aims to inform decision-makers in business and government about the opportunities and risks

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SO WHAT IS ECONOMIC SUCCESS? GOING BEYOND GDP AND PROFITSGDP and profits currently dominate society’s discussions of economic performance. They shape the way people think about the economy and business, affecting their behaviour and the actual outcomes of economic activity

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NEW CHALLENGESNew challenges present five questions arising from changes in capital markets and how they affect the foundations of existing corporate governance frameworks• What should companies be responsible for?• What are the overarching principles of corporate governance?• When is comply or explain the right approach?• How diverse should boards be?• Who should be covered by codes?

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BLOCKCHAIN AND THE FUTURE OF ACCOUNTANCYDetails on the potential of blockchain, its implications for auditors, how the accountancy profession can lead and what skills are necessary for the future

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