MACS Signed MOU with Pine Academy

Signing of MoU for Fast Track Programme between Malaysian Association of Company Secretaries (“MACS”) and Pine Academy Group, Kota Kinabalu, Sabah

In January 2010, MACS break new ground with their qualifications, by extending the qualifications direct to the residents of Sabah, East Malaysia. The Association signed a Memorandum of Understanding for Fast Track Programme with Pine Academy Group . This Programme allows the students of PAG to complete the Professional Examination of MACS in the shortest time possible, with up to exemptions on ten (10) examination papers. The tuition of the subjects in the examination will be conducted by PAG and the first intake of students is expected in March 2010.

The students who have completed the Professional Examination of MACS could apply to become full Members of the Association once they have attained three (3) years relevant working experience. As MACS is a prescribed body under Section 139A(a) of the Companies Act 1965, members of the Association (Fellow and Member grades only) could practice as Certified Company Secretaries without the need of obtaining the license from Companies Commission of Malaysia.

Until June 2010, there is an amnesty programme where recognized business degree graduates can apply for exemptions and need only pass two Professional Stage papers, Company Secretarial Practice and Malaysian Company and Securities Law.

Prof Fred Chin , Managing Director of Pine Academy Group who is instrumental to making the MOU possible, said “ I am happy that the MACS qualifications are more easily available in Sabah to inject new blood into the profession of Corporate Secretaries locally. The fast track programme will be launched in Kota Kinabalu and will soon be extended to other major towns in Sabah.”

Signing the MOU was Lau Haw Chong (President of MACS) and Elaine Kong ( Director of Professional Development of Pine Academy Group), witnessed by YB Melanie Chia (MP of N16 Luyang).

In attendance from Kuala Lumpur were the Dep. President of MACS , Tuan Haji Osman Bin Ujang, Administrator, Alex Lee, Managing Director of Pine Academy group, Prof Fred Chin and representing Institute Prima Bestari was Mr Chung Fook Phing, CEO.

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