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  MBRS 2.0: What Malaysian SME Owners Need to Know The Malaysian Business Reporting System (MBRS) has undergone significant enhancements with the launch of MBRS 2.0 in September 2024. Built on the globally recognized eXtensible Business Reporting Language (XBRL), MBRS enables digital submission of financial reports, annual returns (AR), and exemption applications (EA) to Suruhanjaya Syarikat Malaysia (SSM). What's New in MBRS 2.0? MBRS 2.0 introduces critical upgrades beneficial for SME business owners. Key improvements include: Increased Submission Types : Submissions for financial statements (FS) and key financial indicators (KFI) now expanded from 9 to 15 categories, catering to a wider array of reporting needs. Bilingual Support : Users can now choose between English and Bahasa Malaysia, easing usability and broader adoption among SMEs. Enhanced Validation and Dynamic Dropdowns : Automatic validation reduces errors, and dynamic dropdowns simplif...

  The Vital Role of the Company Secretary: A Director's Most Important Governance Partner In an increasingly complex regulatory environment, the role of a company secretary has evolved from mere administrative support to that of a strategic governance partner. Directors who benefit from highly competent company secretaries gain valuable protection, guidance, and efficiency. This article examines the modern company secretary's role, their legal standing, and why their competence is crucial for effective board performance. Legal Foundation of the Company Secretary Role The position of company secretary is established in corporate law across numerous jurisdictions. In the UK, the Companies Act 2006 requires all public companies to appoint a company secretary, while private companies have the option to do so. In the US, state corporate laws like the Delaware General Corporation Law don't mandate the position, but most corporations appoint one under t...