Datuk Johan Raslan – The Man who was lobbying very hard to be the next Chairman of the SC
By Zarinah Paycut
Datuk Johan Raslan, the Executive Chairman of PwC, is an accomplished man. And until Raja Petra Kamaruddin, or RPK as many of us call him, decided to highlight one of the previous postings here in his online news portal Malaysia Today, Johan was lobbying very hard to be appointed as the next Chairman of the Securities Commission.
The poor man was seen having a quiet drink at La Bodega the same evening the posting appeared in Malaysia Today, pondering over how close he came to adding the coveted position of Chairman of the SC to his long list of accomplishments.
Datuk Johan is a champion of Corporate Governance, and has spoken extensively on the subject over the years.
Here he is seen with the Chief Regulatory Officer of Bursa Malaysia and the CEO of the Minority Shareholder Watchdog Group amongst others.
In this post we first mentioned Mr Manohar Benjamin Johnson (MBJ) and spoke of a deal that saw his appointment as Director of the Audit Oversight Board under the Securities Commission. We ask Johan how he reconciles the fact that MBJ, or his ‘lackey’ if we were not to put too fine a point on it, will be providing oversight on all other audit firms while overlooking the ‘misdeeds’ and ‘misconducts’ of PwC; with the principles of sound Corporate Governance such as transparency, independence and related party transactions?
MBJ will return to a plum position in PwC after his contract with the Audit Oversight Board (AOB) ends. This was part of the deal agreed upon prior to his appointment to the AOB. (Why else would MBJ have taken a significant paycut to join the AOB? He was already in a ‘significant’ profit sharing term with PwC.)
We have here some questions for Johan Raslan, taken from the PwC global website page on code of conduct,
Read more at: http://zarinahtakesapaycut.blogspot.com/2010/12/datuk-johan-raslan-man-who-was-lobbying.html