SSM North Zone InfoSession Enhances Governance, Compliance Literacy

BUTTERWORTH, July 31 (Bernama) -- The Companies Commission of Malaysia (SSM) organised the 2025 SSM North Zone InfoSession Programme today to strengthen governance, enhance compliance literacy and support the development of a more transparent and sustainable business ecosystem.

It said that the programme, attended by over 200 participants from various government agencies, local authorities, the corporate sector and individuals involved in business data management and regulation compliance, was also used as a platform to introduce SSM’s three latest products.

“They are the Electronic Beneficial Ownership System (e-BOS) - a system for updating beneficial ownership information as required under the Companies Act 2016 and the Limited Liability Partnerships (LLP) Act 2012 - as well as e-Advertisement, which is the official platform for advertising statutory information for companies and LLPs, including notices of appointment, dismissal, changes in information or company closure.

“These services enhance transparency, speed up processes and reduce costs. The third product is the Company Secretary Information Data (CSID) - a comprehensive search tool for information on the credentials, Practising Certificate and professional status of registered company secretaries,” it said in a statement today.

The SSM said that in addition to a briefing session related to the provision of corporate information and interest schemes, participants were also introduced to various SSM digital services, such as MyData-SSM, SSM Search, SafeData SSM and SSM e-info, which are aimed at helping users access valid and up-to-date business data.

It also said that based on SSM statistics up to June 30, a total of 1,619,700 companies have been incorporated, 9,520,598 businesses and 43,301 LLPs have been registered nationwide, and from the total, 693,619 companies, 1,692,266 businesses and 38,567 LLPs are active.

“As for Penang, 105,225 companies have been incorporated and 686,739 businesses and 2,621 LLPs have been registered with SSM for the same period. Of the total, 48,151 companies, 123,493 businesses and 2,277 LLPs are active,” it said.

Meanwhile, SSM chief executive officer Datuk Nor Azimah Abdul Aziz said at the closing ceremony that corporate information provided by SSM is not merely data, but a strategic asset that forms the basis for important decisions by investors, business owners, financial institutions and the public.

“Programmes like the SSM InfoSession are crucial for showing that the provision and use of corporate information is no longer a choice, but a necessity. It is the backbone of transparency, market confidence and the integrity of the country’s economy,” she said in the same statement.

-- BERNAMA