may-august 2014 - Vistage Malaysia

Transcription

MAL AYSIA NE WS
MAY - AUGUST 2014
EMPLOYER
E
OF CHOIC
Published by
Private advisory boards for CEOs,
executives and business owners.
Vistage Malaysia Sdn Bhd (296405-U)
Suite B-19-2, Wisma Pantai,
No 5, Jalan 4/83A,
Off Jalan Pantai Baru,
59200 Kuala Lumpur
Phone :
Fax :
E-mail :
Website :
(603) 2284 2126 / 2127
(603) 2284 2100 / 2139
info@vistage.com.my
www.vistage.com.my/
CREATIVE INNOVATIVE THINKING BEYOND
VISTAGE CEO SUMMIT
7 November 2014, Friday
Sunway Resort Hotel & Spa
Petaling Jaya, Selangor, Malaysia
8.00am - 9.00am
Registration & Breakfast
9.15am - 9.30am
Welcoming Remarks by Richard C.M. Wong
Chairman & Chief Listener, Vistage Malaysia
9.30am - 11.00am
Speaker: Eduardo Garza T. Junco, CEO, Frisa Industries, Mexico
“HOW FRISA HAS TRANSFORMED ITS BUSINESS”
Topic:
11.00am - 11.30am Break
Employer Of Choice
- TOWARDS RETAINING
TALENT
Private advisory boards for CEOs, executives and business owners.
VISTAGE-MIER
CEO Confidence Index
Surveying CEOs, Executives of
small to mid-sized businesses
since 2003
CONFIDENCE SLIPS AGAIN
CEOs were increasingly more concerned about the economy and
the prospects of their firms lately than they did a quarter ago.
Reflecting this is the Vistage-MIER CEO Confidence Index which
slipped further below the 100-point demarcation level of
confidence in 3Q2014.
CEO ACHIEVEMENTS
• Pursuit of Prime
3Q 2014 | Aug 2014 | Malaysia
VISTAGE-MIER CEO Confidence Index Highlights
54% of all CEOs expected an increase in
revenue, down from 58% in 2Q2014 and 63%
in 3Q2013.
44%
of CEOs expected higher profits,
down from 46% in 2Q2014 and 55% in
3Q2013.
themselves for the Goods and Services Tax
(GST).
61% of CEOs suggested that the cutting
down of red tape be highlighted at the AEC
to be chaired by Malaysia next year.
88%
of CEOs opined that the CEO/
business owner is responsible for the
functions of human resource.
VISTAGE-MIER CEO
CONFIDENCE INDEX
CEO pessimism is also reflected in their near-term outlook for their
firms. The fixed investment index scored 128 currently, down from
132 in 2Q2014, with 39% of the respondents planning to increase
such spending soon, down from 44% last quarter. Profitability and
revenue are also expected to slow down in the coming months,
with 44% and 54% of the CEOs, respectively, expecting to do better
then, down from 46% and 58% in 2Q2014, respectively. Hirings are
likely to take a slight breather as well. The expected employment
index declined from 137 in 2Q2014 to 135 in 3Q2014, with 42% of
the respondents planning to expand their workforce soon, down
from 45% in 2Q2014.
TOP WISH-LIST ITEMS FOR BUDGET 2015
In line with Budget 2015 which will be announced in October 2014,
CEOs suggested the following wish-list items for the Budget, with
most calling for a reduction in corporate and personal income
taxes. Other reductions were also proposed for car prices and
import duties, interest on business loans, size of the civil service
sector, house prices, real property gains tax, base lending rate,
medical fees, toll rates, petrol and electricity rates. There were also
suggestions to focus on crime prevention, combat and prevent
corruption, improve the education system, and remove the
Approved Permits (AP) and Goods and Services Tax (GST).
CEOs also thought that there should be more incentives for
information technology (IT) businesses, healthcare and education
industries, and small and medium enterprises (SMEs); more
subsidies for the middle-income group; higher tax allowance for
contributions to the Employees’ Provident Fund (EPF) and
insurance by income; higher tax rebates for housing loan interest
and industrial products; and higher duty on cigarettes and liquor.
78% of CEOs preferred personal referrals
for recruitment of managers and other
senior personnel.
68%
of CEOs believed that the crime rate
in Malaysia has increased.
78%
of all CEOs were in favour of the
Trans-Pacific Partnership Agreement (TPPA).
44% of CEOs read 1-3 book(s) a year.
Speaker: Douglas Abrams, Founder & CEO, Expara Singapore
Chairman of BANSEA (Business Angel Network of S.E.A.)
Topic:
“THE NEW WAVE OF SCALABLE ENTREPRENEURSHIP IN S.E.A.”
1.00pm - 2.30pm
Lunch
2.30pm - 3.00pm
Presentation of Awards
3.00pm - 4.30pm
Keynote Address by Y.B. Datuk Paul Low Seng Kuan
Minister in the Prime Minister's Department, Governance & Integrity
4.30pm - 5.00pm
Break
5.00pm - 6.30pm
Panel Session:
“RETAINING TALENT TO STAY AHEAD OF THE COMPETITION”
CEO Panel:
Eduardo Garza T. Junco, CEO, Frisa Industries, Mexico
L.C. Chin, Managing Director, Jabil Circuit Sdn Bhd, Malaysia
Lim Chin Han, Managing Director, Towers Watson, Malaysia
AWARDS
• 2013 Vistage Master
Chair & Chair
Excellence Awards
Winners
• Outstanding
Entrepreneur
• Prestige Top 40 Under
40 Award
• Yamaha Malaysia
Awards
• Reaching One Year Vee-20 Members
• Five-Year Membership
Award
6.30pm - 8.00pm
Fellowship and Cocktail
VISTAGE MALAYSIA SDN BHD (296405-U)
5 Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur, Wilayah Persekutuan, Malaysia
Tel: 603-2284 2126 / 2284 2176 Email: info@vistage.com.my www.vistage.com.my
14% of CEOs have recently registered
The perception of CEOs was of a rather flattish to softening
economy. 55% of the 397 respondents opined that the overall
economic conditions in Malaysia have remained the same over the
year, but 8% saw an improvement (down from 10% in 2Q2014),
while 37% responded negatively. Going forward, four-in-ten of the
CEOs expect a worsening of the economy in the next twelve
months, up from 34% a quarter ago. Those who foresee otherwise
totaled 15%, up three percentage points from 2Q2014.
11.30am - 1.00pm
UPDATES
• Welcome New
VISTAGE Members
• Long Tenure Members
• New Vistage Group
• New Chair on the
Block
TRANSFORMATION
ANNOUNCEMENTS
• AVISTAGE
J O U R N ECEO
Y O FSummit
C H A N G E
2014
• VISTAGE GOLF
CHALLENGE 2014
• VISTAGE CEO
AWARENESS EVENTS
EVENTS
• TEC Australia-NZ
Chair Conference
• High on Mt. Kinabalu
NEWSROOM
• Spritzer “Grow Green”
Campaign
• Nano Shield
Antibacterial Floor
• Eventful Year for
Vee-20
• Time Out in
Terengganu
LEADER
Employer
of Choice
- Towards
Retaining Talent
The role of a CEO is to keep the ship under his/her
stewardship on course and ahead of the competition.
This requires generating regular behavioural reminders
about the values, aspirations and engagements that
underlie the company’s success and reinforce its strategy.
Being or becoming an Employer of Choice will help the
CEO to retain the talents his company needs to help build
a sustainable profitable business.
During a few acquisitions that I was directly involved in and led as the CEO, I used
the attached ‘Employer of Choice’ questionnaire to survey the Nylex Polymer plastic
business, Tamco electrical & electronic business and WRP glove business. We surveyed
the employees immediately after acquiring the business and repeated the survey
every six months and showed the employees the improvements that they had helped
to generate. These not only helped retention but also grew the businesses from loss
making/below average performer to high performing companies with returns above
the industry norm.
An Employer of Choice (EOC) is one which offers a work culture and workplace
environment that attract and retain good employees. I do not recommend conducting
the EOC survey unless you seriously want to take appropriate action after the survey.
Are you currently working for an Employer of Choice? Better yet, are you one?
Happy Vistaging,
Richard CM Wong,
Chairman & Chief Listener
VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
2
LEADER
EMPLOYER OF CHOICE SURVEY
Please score the following statements on a scale of 1 –10 (1 being poor & 10 being excellent) based on your
personal experience and perception working in the company. Please be frank and you do not need to pen
down your name.
1. MEANINGFUL AND CHALLENGING WORK

Provides challenging work that brings out the best in you and/or people. Truly view people as the
most valuable assets.

Committed to continuously developing you and your people – employees are given opportunity to
learn and build new skills and add value to the company.
2. FAIRNESS

People are treated fairly. No double standards.

Employees feel and believe that the company is objective and impartial in addressing any
complaints or grievance.
3. TRUST

Mutual trust between employees and the employer/their managers.

Management show trust by giving performers more responsibility and authority as their level of
experience and skills increases.
4. RISK-TAKING

Allow employees to take a reasonable amount of risk in their areas of responsibility.

Reward those who stick out their necks and succeed.
5. REWARDING
 Salaries and related benefits are generally at par with or above industry norm.
 Recognition of good/excellent performance by giving commensurating rewards.
6. RESPECT FOR THE INDIVIDUAL
 Management practises policy of respect for individuals as humans with different skills and
experience.
 Care about how employees feel about their work and themselves. Careful not to reprimand
individuals in front of others, especially their subordinates.
7. POLITICALLY STABLE
 Management discourages company politics. At least, the level of company politics here is lower
than other companies that I know or had worked with.
 Employees are encouraged to speak out without fear or favour.
8. FRIENDLY WORKING ATMOSPHERE
 Promotes cooperation – people help one another and feel comfortable in each other’s company.
 Good communication and people are well informed of changes. Employees are given enough
information about their jobs and the company.
9. VISION AND GOALS
 Everyone knows and is committed to the company’s goals and values.
 Organisation systems and structures are consistent with and support the vision and goals of the
company.
3
UPDATES
Welcome New VISTAGE Members
Vistage extends a warm welcome to CEOs, entrepreneurs and key staff who joined us to improve their leadership and
management skills.
VCE VISTAGE CHIEF EXECUTIVE MEMBERS
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Bob Ngaau, Group Technical Director, Goodway Rubber Industries Sdn Bhd
Boo Siak Chua, Managing Director, Fishgold Cold Storage Sdn Bhd
Chuck Theisen, Owner, Phoenix Motor Company
Dato’ Richard Cheong, Group Managing
Director, Gold Peninsular Holdings Sdn Bhd
Ho Ah Hon, Managing Director, Beng Kamunting Auto Service Sdn Bhd
Jeyasothy Palakrishnar, Vice President, INTI International University & Colleges
Karen Ng, Senior Marketing Manager,
Tupperware Brands Malaysia Sdn Bhd
Lesley Lim, Managing Director, ESH Resources Management Sdn Bhd
Liew Meng Hooi, Managing Director, Best World Equipment Sdn Bhd
Ooi Cheng Chooi, Managing Director, Suria Jerai Electrical Sdn Bhd
Paul Ellis, CEO, Schaefer Kalk (M) Sdn Bhd
Shamsul Amree Ab Rahman, General Manager,
Dominos Pizza
Tan Joo Min, Managing Director, Teckland Motors Sdn Bhd
Teoh Boon Thong, Managing Director, Siang Heng Plastic Ware Sdn Bhd
Wong Kee Wei, Managing Director, Safetyware Sdn Bhd
Yap Tzi Chau, Director, YYC & Co
VEE VISTAGE EMERGING ENTREPRENEUR MEMBERS
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Alexander Chee, Director, SabaConcrete Sdn Bhd
Chelsea Chee, CEO, Mentari Alam Eko (M) Sdn Bhd
Chin Saw Yong, General Manager, Swift Energy Sdn Bhd
Chong Mee Yoong, Deputy General Manager,
Chuan Sin Sdn Bhd
Gavin Liew, Group Event Director, Three Sixty Sdn Bhd
Jeffery Yap, Managing Director, Surprise & Joy Sdn Bhd
Jeffrey Yap, Owner, Legend Kitchen Cabinets Sdn Bhd
Ken Chong, CMO, Rovski Sdn Bhd
Low Fang Kai, Managing Director, Agensi Pekerjaan VHR Consultancy Sdn Bhd
Ng Ban Hor, Managing Director, Linkk Busway Systems (M) Sdn Bhd
Poong Keen Kiong, General Manager, Herroz Sdn Bhd
Saw Si Nan, Owner, Vivaderm Resources Sdn Bhd
Shirley Hoo Suit Lee, Director, SH Innovations Sdn Bhd
Teh Eng Lee, Director, Enrii IT Solutions Sdn Bhd
Thin Lee Chean, COO, The Otomotif College Sdn Bhd
Yu Chee Leak, Managing Director, DES Electronics Sdn Bhd
4
UPDATES
KEY VISTAGE KEY MEMBERS
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Kee Ming Yu, Business Development Manager,
Ferrucci Worldwide Sdn Bhd
Lim Wah Chee, Operation Manager, Darco Water System Sdn Bhd
Melvin Mawi, Outlet Manager, Iffinity Connexion Sdn Bhd
Mohd Faisal, Head of Operations, Pure Connexion (M) Sdn Bhd
Ng Boon Yun, Assistant Purchasing Manager,
Linkk Busway Systems (M) Sdn Bhd
Timmy Ti, Assistant Manager, Sogo (KL) Department Store Sdn Bhd
Yee Siew Chin, General Manager (Operations),
i-Chem Solution Sdn Bhd
NEW VISTAGE GROUP
Vistage In Mandarin in
Penang
VCE-29
A new VIM (Vistage in Mandarin) group officially kicked
off in Penang on 10 June 2014 , chaired by Dr Khor Chai
Tian. Click here to read more about Dr Khor. http://www.
vistage.com.my/experience/advantage/vistage-chairs/
dr-khor-chai-tian/
From left: Wong Wei Kee,
Lesley Lim Yu Chin, Ho Ah
Hon, Boo Siak Chua, Dr Khor
C T, Cheng PK, Teoh Boon
Thong, Tan Joo Min, Ooi
Cheng Chooi.
Law- AUGUST
(2nd R) at2014
the Initial Chair Training I
VISTAGE MALAYSIA NEWS • Dr
MAY
Long Tenure Members
Congratulations to our loyal VISTAGE members!!
15 Years
●● Ng Wai Kee (VCE-9), Executive Director, SMIS Corporation Berhad
10 Years
●● Arthur Hon (VCE-57), Managing Director, Hayat Insurance Brokers Sdn Bhd
●● Cliff Chen (VEE-10), Operations Manager, LH Plus Sdn Bhd
●● Jon Tham (VCE-57), Managing Director,
Megapower Group
●● Kheng Yi Ping (VEE-37), Managing Director,
Mega Online Computer Marketing Sdn Bhd
5 Years
●● Alice Lee (VCE-26), Sales Director, Ricoh (Malaysia) Sdn Bhd
●● Armand Abdullah (VEE-12), CEO, Melorita Consultants Sdn Bhd
●● Hiro Tan (VCE-8), Managing Director, Rotiboy Bakeshoppe
●● Hong Kong Wai (VEE-4), Managing Director,
IPSH Sdn Bhd
●● LC Chin (VCE-16), Managing Director, Jabil Circuit Sdn Bhd
●● Ng Kok Cheong (VEE-12), General Manager,
Kong Weng Glass Sdn Bhd
●● Richard Goh (VCE-16), Managing Director, KL Maritime (M) Sdn Bhd
●● Wilson Ten (VEE-9), Executive Director, Sandfil International (M) Sdn Bhd
New Chair on the Block
Dr HN Law will be joining the Vistage Chair team in the
fourth quarter of 2014. He has undergone Chair Training
with Vistage Master & Resident Chair, Lim Kah Hooi and
Vistage Master Chair , Simon Soh.
Dr Law has managerial experience in multinationals
and large local corporations. His forte is “management
by principles”. He sees his strengths in HR, productivity,
quality, facilities, training & development, lean
management, MBO, ISO, KPI, inventory, logistics and
some engineering matters.
5
CEO ACHIEVEMENTS
PURSUIT OF PRIME
Alan Lim, CEO
MediaBanc
VCE-1 Group Member
Growing a company from infancy to prime is a
challenging task for every CEO. MediaBanc Founder,
Alan Lim led the home-grown Malaysia media
monitoring company to this benchmark with a
holistic approach of heart and mind.
Founder of MediaBanc and VCE-1 Member, Alan
Lim worked hard to grow his home-grown media
monitoring business. Success came when he managed
to combine a unique corporate culture with a tested
management methodology. The small start-up in
Malaysia had developed to an ASEAN enterprise and is
poised to blossom further as part of a listed entity. Alan
Lim has nurtured MediaBanc up the corporate life cycle
to a position of ‘Prime’ and will soon let go of his ‘baby’.
Established in 1997, Alan Lim started MediaBanc with
two partners and no staff. Today, it has 350 employees
spread over six countries – Malaysia, Singapore, Thailand,
Indonesia, the Philippines and Vietnam. MediaBanc is the
market leader, capturing an estimated 50% of the media
monitoring market in ASEAN. It provides intelligence
service which monitors television, radio, newspaper,
magazine and social media for advertisements and
news. The information is categorised by company, brand,
industry, sub-industry and sub-sub industries, and
delivered online to customers via subscription. Customers
include multinationals, advertisement agencies, public
relations companies and corporate communication
departments. They use the information to analyse their
marketing campaigns, product positioning and brand
competitiveness.
MediaBanc’s success started with good corporate
culture. Alan credits his former Japanese boss in
advertising firm Asatsu, Uchiyama for giving him
sound advice on this subject. He told him, “A successful
company has a successful culture.” Alan calls the
company culture or corporate philosophy he adopted
as “one heart” where genuine sincerity comes from the
bottom of the heart. In practice, this drilled down to not
6
CEO ACHIEVEMENTS
only working, discussing and making decisions together
but also sharing company information and profits. Alan
claims that everyone from the senior executive to the
despatch boy knows the details on company revenue
and expenditure. The only hidden data is the salary of
individual employees.
“It is a culture shock to new employees,” Alan reveals.
He admits that the open information flow has both merits
and drawbacks. For example, his employees have started
questioning the amount he spent on overseas flights
and asked him to choose cheaper airlines like Air Asia.
In another instance, employees voluntarily switched off
the office lights during lunch time, to save on electricity
after they saw the huge TNB bill. The savings translate to
a better bottomline and more profit sharing. “It builds up
a sense of belonging and pride, plus ownership of the
company,” Alan asserts.
Besides building the right culture, Alan displayed
great business acumen in developing the company, stage
by stage, from infant to its current prime position, and
getting the right corporate guidance.
In the early stages, the excitement of a growing
clientele in six countries and advances in technology for
media monitoring proved exhilarating. However, Alan
reveals that he became anxious when the company’s
fortune started to become erratic after the initial gungho period.
“I felt lost running the company, it was growing and
also sliding back. I wanted to know how to get it right,”
he recalls. He began searching for external assistance
in terms of corporate advice. It was at this time that his
friend, Andrew Chen, CEO of Fella Design introduced him
to Vistage and Chair Heah Kok Soon.
After attending one meeting, Alan decided to join
Vistage in 2007 as he was greatly impressed with Heah’s
mentorship and coaching skills. Besides the one-toone sessions with Alan, Heah also gave organisational
development training to MediaBanc’s top executives.
To Alan, the most valuable learning from Vistage was
introduction to the Adizes system. He believes that the
Adizes Methodology was the ‘how to’ that he was looking
for to solve business problems and propel systematic
“... his team has been using the
Potential Improvement Points
(PIPs) cards under the Adizes
Methodology to iron out problems
and it has “worked wonders” for
the company.”
growth for his company. “I realised that Mediabanc was
in a go-go stage but we had no system, no structure, no
S.O.P. to grow,” he explains.
Alan says that the VCE-1 group members, Heah and
the Adizes process guided growth - “It made it happen”.
He elaborates that his team has been using the Potential
Improvement Points (PIPs) cards under the Adizes
Methodology to iron out problems and it has “worked
wonders” for the company. The results could be seen.
“We had less problems, happier employees and more
business,” he discloses. So much so, the company was
ready for an IPO to create more value. But the opportunity
for a merger presented itself.
MediaBanc went into a merger with Media Monitors,
an Australian company in the same business with main
markets in Australia, New Zealand and Greater China. The
merger commenced in November 2011 with Alan and
partners selling their stakes. Both companies dropped
the word “media” from their names and took a new
identity called iSentia. The iSentia Group was listed on
the Australian stock exchange in June 2014.
Alan explains that under the Adizes system, a company
reaches “Prime” when there is maturity and systems, and
the growth of the company is no longer dependent on
its founder. He is therefore happy to let go and move
on. He will be leaving iSentia at the end of September
2014. He is taking one year off, to spend more time with
his family and ponder on what he wants to do next. It
will not be total retirement. Alan says he will continue
his membership in Vistage even after leaving iSentia and
wants to do something where he can continue learning
and ‘give back’ to society.
7
AWARDS
2013 Vistage Master Chair & Chair Excellence Awards WINNERS
The second half-year Chair Meet was held on 27
June 2014 with the theme “Nurturing Creativity”.
It started with the Vistage Chair Awards 2013
Presentation. Congratulations to our Five-Year
Chair, LM Tee and Chair Excellence Award and
Master Chair Award winners, namely, KS Heah,
JA Lew, Lim Kah Hooi, Richard Wong, Simon Soh,
Kwong Lok Wah and Dr Laurence Lim. Kwong Lok
Wah and Dr Laurence Lim are the latest MASTER
CHAIR additions to VISTAGE HALL OF FAME - ‘BEST
OF THE BEST’! Hall of Fame
Chair Excellence Award
Master Chair Award Dr Laurence Lim (L)
Richard Wong (L)
Lew Jin Aun (R)
Simon Soh (L)
Lim Kah Hooi (L)
Heah Kok Soon (R)
Master Chair Award –
Kwong Lok Wah (L)
OUTSTANDING ENTREPRENEUR
VCE-16 Member Lau Bik Soon, Group CEO of
REDtone Telecommunications Sdn Bhd received the
Outstanding Entrepreneurship Award at the Asia Pacific
Entrepreneurship Awards 2014. This is an award to
recognize individuals who have shown outstanding
effort, perseverance and growth in their business.
Lau Bik Soon with the prestigious
Entrepreneurship Award
8
AWARDS
Prestige Top 40 Under 40 Award
Prestige Top 40 Under 40 was created in 2005 by RHB
Bank to salute young dynamic Malaysians below the age
of 40 who have demonstrated vision, determination,
persistence, excellence and achieved success in their
chosen field. The 2013 Prestige Top 40 Under 40 Award
Gala was awarded to Vistage Members, Goh Xin Yuen
(VCE-26), Executive Director of Rovski Sdn Bhd and Kent
Chua (VEE-13), co-founder and director of The Beer
Factory™.
Goh Xin Yuen
Kent Chua
Yamaha Malaysia Awards
S.E. Printing (M) Sdn Bhd coveted two awards from Yamaha
Malaysia for Best Performance Vendor (Mechanical Parts)
and Value Engineering Achievement on 22 May 2014.
JC Goh, Managing Director of S.E. Printing (M) Sdn Bhd and Vistage Member (VCE-18) received the awards from
Yamaha Malaysia Managing Director, Kiyo Suzuki.
JC Goh, second right receiving the Yamaha Malaysia Award
REACHING ONE
YEAR - VEE-20
MEMBERS
Four members in VEE-20,
Lee Tiong Do, Danny Kong,
Danny Ng and Fina Leong
received their one-year
awards from Chair Ravi
Moorthy in June 2014.
Danny Ng
Managing Director
Green Dragon Wood
Products (M) Sdn Bhd
Fina Leong
Lee Tiong Do
Danny Kong
Director
Managing Director
Director
Power Woosh Sdn Bhd i-Chem Solution Sdn Bhd AQM Creative &
Communication Sdn Bhd
Five-Year Membership Award
Alice Lee receiving her award
from Chair CK Chan
Ms. Alice Lee, VCE-26 Member, received her 5-year
Membership Award from Chair CK Chan. She was in VEE13, prior to joining the current group. Ms. Lee is the Sales
Director of Ricoh (Malaysia) Sdn. Bhd. 9
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2014 Vistage CEO Sum
“TRANSFORMATIO
ANNOUNCEMENTS
SENATOR
DATUK PAUL2014
LOW SENG KUAN
VISTAGE Y.B.
CEO
SUMMIT
Minister in the Prime Minister’s Department
EDUARDO GARZA T. JUN
Frisa Industries, Mexico
CREATIVE
INNOVATIVE
THINKING
BEYOND
Y.B. Senator
Datuk
Paul Low Seng
Kuan currently
as Minister
in the Prime Minister’s Department in VISTAGE CEO SUMMIT
The 2014 Vistage
CEO
SUMMIT
carrying
theserves
theme
7 November 2014, Friday
charge of Governance, Integrity and Human Rights.
Ingeniero Industrial – Uni
Sunway Resort Hotel & Spa
“Transformation” will
be held
on 7toNovember
2014 at
IHisextend
a
warm
invitation
you
to
join
Vistage
Malaysia
at
its
Maestría
Petaling
Jaya, Selangor,
Malaysia en Administració
portfolio involves collaborating with relevant stakeholders including Federal Ministries and State
Presidente del Cluster de
the Sunway 8.00am
Resort
Hotel
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promote
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Vistage
with
the theme,
- 9.00am
Registration
&Summit
Breakfast
Laborado en diversos pue
ability.
guest speakers
are
featured.
CEO
Frisa
9.15am
- 9.30am
WelcomingEduardo
Remarks by Richard
Wong
“TRANSFORMATION
– Garza,
A C.M.
Journey
of of
Change”.
Director General de Frisa
Chairman
&
Chief
Listener,
Vistage
Malaysia
He is the immediate past President of Transparency International Malaysia, had served as Vice President of the Federation
Industries,
Mexico
will
speak
on
his
company’s
success
Eduardo Garza T. Junco, born in Monterrey, Me
of Malaysian Manufacturers
(FMM),
andEduardo
was the
President
of Frisa
FMM
from 1997
Garza
T. Junco, CEO,
Industries,
Mexico to 1999.
9.30am - 11.00am
Speaker:
RICHARD C.M. WONG
ment and Economics from Carnegie Mellon Un
“HOW
FRISA HAS TRANSFORMED
ITS BUSINESS”
Topic:
story
while
Douglas
Abrams,
Chairman
of
BANSEA
will
He was involved in the glass manufacturing and automotive industries for more than 35 years,
and was&the
Managing
Chairman
Chief
Listener
since 1996 in diverse roles in Operations, Inform
- 11.30am
Break
Director
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wave
of
inDatuk Low also satVistage
Frisa Aerospace in 2005 and became Frisa Ind
Berhad and Pos Malaysia
Berhad up until his recent appointment as a Minister.
11.30am - 1.00pm Speaker: Douglas Abrams, Founder & CEO, Expara Singapore
Industry Association in the USA. He presided
Southeast Asia.
Chairman of BANSEA (Business Angel Network of S.E.A.)
He had served on several key agencies
of the Malaysian Government, some of which are the National Economic Action
Topic:
“THE NEW WAVE OF SCALABLE ENTREPRENEURSHIP IN S.E.A.”
EDUARDO
GARZA
T. JUNCO
Council (NEAC), Malaysian
Industrial
Development
Authority (MIDA), Malaysian Institute of Economic Research (MIER), and
EDUARDO
GARZA
T. JUNCO
1.00pm - 2.30pm Lunch
Malaysian Services
Development Council (MSDC). He was also involved actively in international multilateral organizations
Chief
Executive
Officer
including APEC, WTO,
ASEAN
and
chaired
Private Sector Taskforce on Free Trade Arrangement.
Frisa
Industries,
Mexico
2.30pm
- 3.00pm
Presentation
ofthe
Awards
member of CAINTRA (State Industrial Chamb
Development).
Frisa
Industries,
Mexico
On April 1, 2011 he
was- 4.30pm
appointed
Deputy
Chairman
a Commissioner
of the Enforcement Agency Integrity Organisa3.00pm
Keynote
Address
by Y.B. Datukand
Paul Low
Seng Kuan
Ingeniero Industrial
– Universidad
Carnegie
Mellon, Pittsburgh, Pensilvania
Minister in the Prime Minister's Department, Governance & Integrity
tion (EAIC).
Maestría en Administración de Empresas – Universidad de Harvard, Boston, Masachusets
4.30pm
- 5.00pm del
BreakCluster de la Industria Aeronáutica del Estado de Nuevo Leon
Presidente
Datuk Low is a chartered
accountant
by profession and graduated from the Royal Melbourne Institute of Technology
Laborado
en
diversos
(RMIT), Melbourne.
5.00pm - 6.30pm Panel
Session: puestos dentro de Frisa Industrias desde 1996
“RETAINING
TALENT
TO STAY AHEAD
OF THE
COMPETITION”
Director General
de Frisa
Industrias
desde
2011
As an Adizes Pri
TRANSFORMATION
Panel:
Eduardo Garza T. Junco, born in CEO
Monterrey,
Mexico. He holds a Master in Science with Double Major in Industrial ManageEduardo Garza T. Junco, CEO, Frisa Industries, Mexico
ment and Economics
from Carnegie
Mellon
University
with
anSdn
MBA
from Harvard Business School. He has worked in Frisa
DOUGLAS
ABRAMS
DOUGLAS
ABRAMS
L.C.
Chin,
Managing
Director, Jabil
Circuit
Bhd, Malaysia
Lim Chin
Han,
Managing
Director,
Towers Watson,
Malaysia Management. He became Managing Director of
since 1996 in diverse
roles in Operations,
Information
Systems
and General
Founder
& CEO,
Expara
Singapore
Founder
& CEO,Frisa
Expara
Singapore
Frisa Aerospace in6.30pm
2005- 8.00pm
and became
Industrias
CEO
in January
2011.ofHe
has as been a Board Member of the Forging
Chairman
ofFellowship
BANSEA
(Business
Angel
Network
S.E.A.)
and Cocktail
Industry Association
in the USA.ofHe
presided (Business
on the Board Angel
of the Monterrey Aerospace Cluster. He Acurrently
Board
J O isUa R
N E
Chairman
BANSEA
Douglas
is the
founderand
and President
CEO of Expara,
leading incubator.
He has
two
member of CAINTRA
(StateAbrams
Industrial
Chamber)
of theSingapore’s
Board of CAINTRA´s
CVT (Center
for launched
Technological
seed stage of
(Expara
IDM Ventures I and II) and one early-stage venture fund (Extream Ventures) in
S.E.A.)
Development). Network
Singapore since 2007. He is currently the Chairman of the Business Angel Network of Southeast Asia
VISTAGE MALAYSIA SDN BHD (296405-U)
Moderator:
5 Jalan 4/83A,a
OffDirector
Jalan Pantai Baru, 59200
Kuala Lumpur,
Wilayah Persekutuan,
Malaysia
(BANSEA) and has been
since
2002.
He was
a founding partner of Parallax Capital ManageTel: 603-2284 2126 / 2284 2176 Email: info@vistage.com.my www.vistage.com.my
SUNIL DOVEDY
ment, a Singapore-based funds management company in 2000.
Adizes Principal Associate
Prior to coming to Singapore, Douglas Abrams managed
technology
at J.P. Morgan
14 years. He is an
President,information
Adizes Institute,
Professional
Services,for
USA
Adjunct Associate Professor at the National University of Singapore’s Business School where he lectures on New Venture
Creation for undergraduates and post-grads.
As an Adizes Principal Associate, he helps organizations unlock their latent potential and thrive.
He is also a Visiting Professor in Entrepreneurship for the Sasin Graduate Institute of Business Administration at Chulalongkorn University in Bangkok.
He graduated from
theCHIN
Annenberg
Communications
and received an MBA
LIM
HAN School, University of Pennsylvania with a BA in L.
C. CHIN
from The WhartonManaging
School.
Director
Managing Director
Towers Watson, Malaysia
Chin Han has over 19 years of consulting
experience across government, economic
services, consumer products, pharmaceuticals, oil & gas, manufacturing, telcos and
services. His main expertise include strategic and tactical HR
interventions, leadership assessments, M&A integrations and
change implementations. Towers Watson in Malaysia, with
HQ in New York, is a leading global professional services
company helping organisations improve performance
Chin Han is a graduate of the London School of Economics
with a BSc in Actuarial Science and is a member of the
Institute of Actuaries UK April 2014.
Y
O F
LIM CHIN HAN
Managing Director
Towers Watson, Malaysia
C H Chin
A NHan
G has
E over 19 years
experience across governm
services, consumer products
cals, oil & gas, manufactur
services. His main expertise include strategic a
interventions, leadership assessments, M&A in
change implementations. Towers Watson in
HQ in New York, is a leading global profes
company helping organisations improve
Chin Han is a graduate of the London Schoo
with a BSc in Actuarial Science and is a m
Institute of Actuaries UK April 2014.
Jabil Circuit Sdn Bhd
LC Chin has over 25 years of accumulated experience in the electronics
industry especially in Electronics
Manufacturing Services (EMS) from
MNC. He has held numerous key
positions from Engineering, Business Units, Operations and
Managing Director for one of the largest EMS in Penang
that has more than 7,000 employees. He is recently managing the M&A in Asia and responsible for integrations and
M&A activities. LC earned his Electronics Engineering
degree from the University of North Carolina and is a
member of The Engineering Council (UK) and Society of
Engineers (UK). He has been a Vistage member of VCE-16
since 2009.
10
ANNOUNCEMENTS
VISTAGE GOLF
CHALLENGE 2014
VISTAGE GOLF
CHALLENGE 2014
Types of Sponsorship:
A. Cash
(i) Platinum (≥ RM30K)
Gold (RM10 ≤ RM20K)
Silver (< RM10K)
VENUE
: GLENMARIE GOLF & COUNTRY CLUB (GGCC) GARDEN COURSE
DATE
: 6 NOVEMBER 2014 (THURSDAY)
TEE OFF
: 8.00AM
FEE
: RM300.00 PER PERSON
INCLUDES
: GOODIE BAG. BREAKFAST. LUNCH. BEVERAGES.
GREEN FEE. BUGGY. CADDY. INSURANCE.
FORMAT: SYSTEM 36 STABLEFORD
(ii) Any other amounts are
also welcomed.
* RSVP IMMEDIATELY. PAYMENT TO BE MADE BY 30 SEPT 2014
MORE INFORMATION, CALL/EMAIL:
Lileng at 012-323 3267/ 03-2284 2126
Email: lileng@vistage.com.my
B. In-kind (e.g)
1. 2 x barrels of beer (50 litre), about RM1600
2. Items of 100pcs each (for goodies bag) eg
• Boston bags (about RM10K)
• Golf caps (about RM6K)
• Polo shirts (about RM9K)
• Arm socks (about RM5K)
3. Hampers
4. Banners
5. Novelty prizes (6 items)
6. Individual Play prizes (3 items)
7. Team Play prizes (3 x 4 pax /team i.e. 12 items)
All sponsors will be duly acknowledged on competition
day.
Platinum, Gold and Silver Sponsors will be specially
mentioned, sponsors’ logos can be stitched onto boston
bags, golf caps, Polo shirts, arm socks etc and also
mentioned in the Vistage Newsletter.
* No. of golfers registered to-date: 58 (max. out @ 80 golfers).
Register early to avoid disappointment. First come first served basis.
VISTAGE CEO AWARENESS EVENTS
Invite your friends or business associates to Vistage’s
upcoming CEO events as follows:
Mth KL PG Sep 13th 30th 3rd Oct 11th 29th 15th Nov 15th 27th 5th Dec -‐ 17th 3rd Venue SDCC SDCC The CEO Time 9.30am 11.30am 2.00pm Contact: Bee Lay, Kareena or Anne @ 03-22842176
(KL) and Hoon @ 04-6426799 (Penang) to reserve
seats for the events.
Venue: SDCC – Sime Darby Convention Centre
To register online, please send this link http://www.
vistage.com.my/vistage-awareness-event-2-0/ to
your contacts.
11
EVENTS
TEC AUSTRALIANZ CHAIR
CONFERENCE
Four Vistage Chairs attended
the TEC Australia-NZ Chair
Conference held on 24-26 July
2014. Richard Wong led the
delegation with Lim Kah Hooi, Richard Wong with Chairs at 2014 TEC
Simon Soh and PK Cheng.
Australia-NZ Chair Conference
Richard Wong with Nigel Stoke & Stephanie
Christopher (new CEO of TEC Australia)
HIGH ON MT. KINABALU
CK Chan, Chair of VCE-26, scaled Mt. Kinabalu (4,095 metres high) on 25 August
2014. Despite being a fit person and training for three months earlier, he found the
climb tough. It took two days, starting from the Mesilau Trail, which was lined with
beautiful flora and fauna.
“The feeling of being on the top was indescribable. It was definitely not lonely,
as there were many climbers who reached there before me!” says CK. CK Chan - "What a
feeling!!"
The World’s
Most Powerful
Anti Bacterial Floor
NON-STOP
SHOWROOM: PJ, USJ, MELAWATI, KEPONG, SHAH ALAM. Tel: +603-7785 1266 www.inovarfloor.com.my
12
VISTAGE MALAYSIA NEWS • JANUARY - APRIL 2014
13
NEWSROOM
SPRITZER “GROW GREEN”
CAMPAIGN
Spritzer Malaysia started its “Grow Green” roadshow in
May to enhance its commitment to the environment.
Kenny Lim, Deputy General Manager (VCE-22 Member)
explains that Spritzer encourages consumers to grow
their own potted plants by giving out sunflower growing
kits with every purchase of the company’s mineral water
1.5 litre 6-in-1 pack. The roadshow will go around Malaysia
in a colourful mobile truck and will engage consumers
with simple activities to help save the environment.
Prize winners
Promotion at e-Curve
Public learning eco-friendly tips
NANO SHIELD ANTIBACTERIAL
FLOOR
Inovar Floor launched a hardwood laminate floor with
germicidal properties, called the Nano Shield, a product
innovation utilising nanotechnology. This helps to
improve indoor air quality and sustain a healthy working/
living environment. Launched during Archidex 2014, Nano Shield received
numerous overwhelming approval from professionals
and end-users. Jason Tan, Executive Director of Inovar,
VCE-26 Member received the official recognition.
Jason Tan holding the award for Nano Shield at Archidex 2014
14
NEWSROOM
EVENTFUL YEAR FOR VEE-20
The VEE-20 Group turned one year old in July. Over the
year, it has had many interesting events at various venues.
In February, the group chose to meet in Taiping as one
member is from this town. They had a group meeting
at the Spritzer factory and a boot camp, followed by
an educational tour of the famous charcoal factory in
Kuala Sepetang. In March, members had an interesting
resource session chaired by Dwight Frindt. Later in June,
the group had a meeting hosted at the Jump Street
Trampoline Centre which included one hour of jumping
after the meeting.
1
2
3
4
5
1, 2, 3 - At Charcoal Factory – Kuala Sepetang, Taiping (Feb 2014)
4 - Group Meeting at Spritzer plant in Taiping – Host Yaw Hong
Seng (Feb 2014)
5 - Resource Session with Dwight Frindt hosted by Kelvin Kwek
(March 2014)
TIME OUT IN TERENGGANU
VCE-28 members went on a group retreat to Terengganu
on 20-22 August. They visited some local enterprises,
namely Treleaf Mart and Kedai Kasut You in Terengganu. After business, they adjourned to nearby Pulau Redang and had a great time with team bonding activities plus
enjoying the sun and sea on the beautiful island.
The happy VCE-28 members at their group retreat
6
15
SPOTLIGHT
Boh Boon Chiang, Group COO,
Khind Holdings Berhad
(VCE-1 Member since 2013)
Dato’ Adissadikin Ali, CEO, ExportImport Bank of Malaysia Berhad
Armand Mikayal Abdullah, CEO,
Melorita Consultants Sdn Bhd
(VEE-12 Member since 2009))
Looi Kok Loon, Managing Director,
MBM Resources Berhad
Quah Teik Jin, Group Managing
Director, TFP Solutions Berhad
Adelaine Foo, CEO,
The Otomotif College Sdn Bhd
Tiki Keh, Executive Director, Stop
Hunger Now Charitable Association
Cheah Yong Hock, CEO,
Asia Brands Berhad
16
SPOTLIGHT
Bradley Mulroney, CEO,
Lafarge Malayan Cement Berhad
(VCE-19
Member since 2013)
Special Feature
Pioneer and Innovator in Laminate Flooring
B & I chat with Mr Jason Tan, Executive Director of Inovar Malaysia
for updates on their latest innovations and plans for the future.
SINCE ITS INCEPTION in 1996, Inovar Malaysia has come a long way
in carving a niche for itself, pioneering in the manufacture of premier
water-resistant laminate flooring in Asia. In the ensuing years, it has
established its presence in the regional markets and earned a host of
accolades that include BrandLaureate Asia Pacific Award for Best Brand
in Laminate Flooring (2007-2011 and 2012) and the No. 1 Brand in
Japan (by market share). Headquartered in Petaling Jaya, it now has
an established presence in the regional markets, served by its state-ofthe-art production plant in Bestari Jaya, Selangor, fully-equipped with
the latest German technology,
Totally committed to its Corporate Green Policy to reuse,
reduce and recycle, Inovar Malaysia uses sustainable resources for
raw materials in order to minimise the long-term impact on the
environment. Without compromising on product quality and/or
customer preference/taste, innovation is Inovar Malaysia’s forte – for
instance, it is the first company to develop the Super E “O” series of
laminate flooring for the Japanese market. Quote recently, Inovar has
been making news again with new developments in laminate flooring,
and more, which, for B&I, was an opportune occasion to catch up with
Executive Director, Mr Jason Tan (JT) for the latest on Inovar Malaysia.
B & I: Firstly, our belated congratulations on Inovar’s 15th
Anniversary. Looking back, what has been some of the landmark
events in Inovar’s history, in summary?
Tham Ying Hoong, Managing Director,
Tupperware Brands Malaysia Sdn Bhd
Ngei Chee Chau, Managing Director,
Feruni Ceramiche Sdn Bhd
Chin Jit Sin, Managing Director,
New Hoong Fatt Holdings Berhad
JT: Actually, our 15th anniversary was three years ago, now we are
already 18 with two more years to go to our 20th anniversary. We are
planning some kind of celebration, more promotion regionally – we
already have nine offices under our management in Thailand, Vietnam,
Indonesia, Singapore, Cambodia, Australia, India and Taiwan. We are
looking to open two more to make up the whole ASEAN region, i.e.,
Myanmar and the Philippines and have been talking to partners there.
We are looking at a minimum 70% participation from us, majority
share. They are managing but we are financing them, like in Malaysia.
In our 18 years journey, branding is one of our key focus area, and
I believe that today in this region, Inovar brand is well recognised as
quality flooring. The other is that our production has also grown and
for the past few years we have always achieved full capacity; even so,
we constantly have two months of order book to cope. We can do up
to 4.0 million sq ft per month based on one Malaysian plant - we do
not have another outside the country. In this kind of business where
Jason Tan Chwee Keat, Executive
Director, Inovar Contracts Sdn Bhd
28 Building & Investment | www.b-i.biz
Lau Bik Soon, CEO, Redtone
Telecommunications Sdn Bhd
PJ Lim, Managing Director,
Scientex Berhad
Pn Sri Datin Seri Susan Cheah,
Executive Director, Sunway
Management Sdn Bhd
(VTA-1 Member since 1995)
Richard Wong, Chairman &
Chief Listener,
Vistage Malaysia Sdn Bhd
(current President MBAN
2014/2015)
quoted in various media on
angel investment
17
VISTAGE-MIER CEO
CONFIDENCE INDEX
CONFIDENCE DIPS
AGAIN IN 3Q 2014
According to the Vistage-MIER CEO
Confidence Index survey, CEOs are
expecting a flat to soft economy in the
coming months. There is pessimism in
the near-term outlook for revenue and
profitability.
In line with Budget 2015 which
will be announced in October 2014,
CEOs suggested the following wishlist items:- reduction in corporate
and personal income taxes. Other
reductions were also proposed for car
prices and import duties, interest on
business loans, size of the civil service
sector, house prices, real property
gains tax, base lending rate, medical
fees, toll rates, petrol and electricity
rates.
For the full report, please visit the
link http://www.vistage.com.my/ceoconfidence-index/
Private advisory boards for CEOs, executives and business owners.
VISTAGE-MIER
CEO Confidence Index
Surveying CEOs, Executives of
small to mid-sized businesses
since 2003
CONFIDENCE SLIPS AGAIN
CEOs were increasingly more concerned about the economy and
the prospects of their firms lately than they did a quarter ago.
Reflecting this is the Vistage-MIER CEO Confidence Index which
slipped further below the 100-point demarcation level of
confidence in 3Q2014.
3Q 2014 | Aug 2014 | Malaysia
VISTAGE-MIER CEO Confidence Index Highlights
54% of all CEOs expected an increase in
revenue, down from 58% in 2Q2014 and 63%
in 3Q2013.
44% of CEOs expected higher profits,
down from 46% in 2Q2014 and 55% in
3Q2013.
14% of CEOs have recently registered
themselves for the Goods and Services Tax
(GST).
61% of CEOs suggested that the cutting
down of red tape be highlighted at the AEC
to be chaired by Malaysia next year.
The perception of CEOs was of a rather flattish to softening
economy. 55% of the 397 respondents opined that the overall
economic conditions in Malaysia have remained the same over the
year, but 8% saw an improvement (down from 10% in 2Q2014),
while 37% responded negatively. Going forward, four-in-ten of the
CEOs expect a worsening of the economy in the next twelve
months, up from 34% a quarter ago. Those who foresee otherwise
totaled 15%, up three percentage points from 2Q2014.
CEO pessimism is also reflected in their near-term outlook for their
firms. The fixed investment index scored 128 currently, down from
132 in 2Q2014, with 39% of the respondents planning to increase
such spending soon, down from 44% last quarter. Profitability and
revenue are also expected to slow down in the coming months,
with 44% and 54% of the CEOs, respectively, expecting to do better
then, down from 46% and 58% in 2Q2014, respectively. Hirings are
likely to take a slight breather as well. The expected employment
index declined from 137 in 2Q2014 to 135 in 3Q2014, with 42% of
the respondents planning to expand their workforce soon, down
from 45% in 2Q2014.
TOP WISH-LIST ITEMS FOR BUDGET 2015
In line with Budget 2015 which will be announced in October 2014,
CEOs suggested the following wish-list items for the Budget, with
most calling for a reduction in corporate and personal income
taxes. Other reductions were also proposed for car prices and
import duties, interest on business loans, size of the civil service
sector, house prices, real property gains tax, base lending rate,
medical fees, toll rates, petrol and electricity rates. There were also
suggestions to focus on crime prevention, combat and prevent
corruption, improve the education system, and remove the
Approved Permits (AP) and Goods and Services Tax (GST).
88% of CEOs opined that the CEO/
business owner is responsible for the
functions of human resource.
78% of CEOs preferred personal referrals
for recruitment of managers and other
senior personnel.
68% of CEOs believed that the crime rate
in Malaysia has increased.
78% of all CEOs were in favour of the
Trans-Pacific Partnership Agreement (TPPA).
44% of CEOs read 1-3 book(s) a year.
CEOs also thought that there should be more incentives for
information technology (IT) businesses, healthcare and education
industries, and small and medium enterprises (SMEs); more
subsidies for the middle-income group; higher tax allowance for
contributions to the Employees’ Provident Fund (EPF) and
insurance by income; higher tax rebates for housing loan interest
and industrial products; and higher duty on cigarettes and liquor.
18

may-august 2014 - Vistage Malaysia

Transcription

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