'Welcome Address by YBhg Tan Sri Osman S Cassim - Vice President, Court of Fellows, Malaysian Institute of Management - Judging Director Performance & Remuneration In Malaysia's New Economic Order' Address by : YBhg Tan Sri Osman S Cassim Date : 12 October 2004 Mr Navin Pasricha and Mr Jon Randall Our Speakers For The Morning Esteemed Members of the MIM General Council Tan Sri - Tan Sri Datuk - Datuk Distinguished Guests Ladies and Gentlemen A very good morning and a warm welcome to Malaysian Institute of Management. Thank you for taking time to be here this morning. As the National Management Organisation, it is our strategic role at MIM to promote continuous management learning within the Malaysian enterprise, introducing the best in management practices from all corners of the world to our Malaysian companies, and building what we hope are important bridges between the private and public sectors. MIM's management development programmes are comprehensive, catering to all levels within the organisation beginning from entry level right up to board level. When the Government, through the then Registry of Companies, first introduced the Corporate Directors' Training Programme for directors of non public listed companies, MIM was among the first few training organisations selected to conduct it. YBhg Tan Sri Osman S Cassim delivering his welcome address at the Judging Director Performance & Remuneration In Malaysia's New Economic Order programme. Beginning September this year, MIM introduced a series of programmes for Board Members, which have gained Bursa Securities accreditation. Judging Director Performance and Remuneration In Malaysia's New Economic Order is the second programme in the series with The Policy Governance Model being the first. The Institute hopes to introduce more of such programmes in the near future. Ladies and Gentlemen, Allow me now to briefly introduce our speakers this morning. Several of you will already know Mr Navin Pasricha from the in-house director training that he has done for your companies. What you may not know is that he has been involved with Director skills improvement in Malaysia since 1994, when he was one of the first trainers to help with audit committees when they became mandatory in Malaysia. At that time, he was living and working in Australia and was a Director with Coopers & Lybrand. Since that time, Navin has come to live and work in Malaysia and after a stint as a Director with PricewaterhouseCoopers and as Chief Risk officer for RHB bank, he established the Columbus Circle group of companies. They specialise in consulting, skills improvement and software related to risk management, internal audit and director skills. In addition to director training here in Malaysia, Navin has been providing the same service in India, Sudan, Singapore, Australia and Indonesia. Navin's rich corporate experience includes being General Manager of Internal Audit for Coles Myer Ltd., one of Australia's largest companies, and Regional Head of Audit for South Asia with Australia's ANZ Bank. He has also been a member of two audit committees, a governor of the Institute of Internal Auditors in Malaysia and in Australia, and Project Director for the Kuala Lumpur Stock Exchange Taskforce on Controls. Mr Jon Randall is a Director for Human Resources Consulting within Watson Wyatt's Human Capital Group. Jon has 20 years of consulting experience developing and implementing programmes that support business needs by creating value through people. He consults in the areas of total rewards, competency-based systems, performance management and performance-based rewards. His expertise spans strategy development, programme design, change management and implementation. Jon works with a wide range of organisations of varying size, in both the public and private sectors. At Watson Wyatt, Jon led the development and rollout of Watson Wyatt's Total Rewards consulting methodology from 2001 through 2003. In October 2003, he was responsible for leading the 2003 Top Management Rewards Study, a joint effort between MIM and Watson Wyatt Malaysia. The results of the first batch of this inaugural national study of both Board of Directors Compensation and Top Management Remuneration in Malaysia were launched earlier in February this year. I am pleased to say that the study is ongoing with more respondents participating this year. Ladies and Gentlemen, It is with great pleasure that I now pass the rest of the session to our speakers, Mr Navin Pasricha and Mr Jon Randall. Thank you. Related links: 'Judging Director Performance & Remuneration In Malaysia's New Economic Order'