MIM - Chief Executive Officer

2006 National Conference on Internal Auditing
Making The Difference - Be VITAL
Knowledge Management (KM) - Addressing the Next Waves of Challenges in the Knowledge Economy

The 21st Century internal auditor must be equipped not only with the critical skills unique to his discipline, but also continue to BE VITAL - Versatile in their work, Involved in their organisation, Technologically Proficient, Adept at handling all situations whether they be technical or otherwise and lastly provide Leadership.

Dr Wilson Tay, CEO MIM on `KM - Addressing the New Waves of Challenges in the Knowledge Economy' at the 2006 National Conference on Internal Auditing on Making The Difference - Be VITAL.

The 2-day 2006 National Conference On Internal Auditing held on 18 & 19 September 2006 organised by The Institute of Internal Auditors Malaysia (IIA) with the Malaysian Institute of Management (MIM) as a supporting partner, aims to bring to delegates issues and topics related to the auditing profession.

Dr Wilson Tay, CEO of MIM, presented a session on Knowledge Management titled `Knowledge Management (KM) - Addressing the Next Waves of Challenges in the Knowledge Economy'.

"Increasing globalisation, trade liberalisation, emerging new and disruptive techonologies have resulted in rapid innovation and a change in today's business models and rules," said Dr Wilson. "The need for KM in this knowledge economy is essential as the competitive edge is gained through an organisation's ability to exploit its knowledge about customer behaviour, markets and economies faster than its competitors." KM is essential to achieving long term sustainable performance and profitability for an organisation.

He further remarked that the challenges and impact of KM on internal auditing VITAL-ity will be in the control of risk management, gathering of business intelligence, enabling corporate performance measurement, safeguarding of intangible assets, theft and loss of proprietary knowledge and mobility of workers.

The conference was attended by more than 600 delegates who are company directors, chief executive officers, chief financial officers, company secretaries, audit managers and those who are in internal audit, risk control and governance.

At the keynote 3 session were: (from left to right) Mr Christopher Chan, CEO of The Media Shoppe Bhd who spoke on `KM-based E-Governance to Encourage Transparency', Datin Dr Rehana Kassim, Managing Director of Rehanstat Sdn Bhd, who was the Chairperson for this session and Dr Wilson Tay.

Delegates at the 2006 National Conference on Internal Auditing at the Keynote Session on Knowledge Management.