MAICSA held its 48th Annual General Meeting (AGM) on Saturday, 10 May 2008 at Bangunan MAICSA in Mid Valley City, Kuala Lumpur. The meeting commenced at 2.30 p.m. with the President’s address.

In his address, Akbar Moidunny FCIS highlighted the expansion of MAICSA strategies following his presidency since 31 May 2007; MPV² which places great emphasis on increasing Membership, enhancing Profiling, earning optimal Productivity and achieving Milestones.

The Institute’s financial performance during the year 2007 was satisfactory. It had exceeded the budgeted surplus of RM300,000 and recorded surplus revenue of RM515,000. Expenditure has increased by approximately eight percent due to enhanced services to members in the form of subsidised training and costs in running the Institute.

Members at the meeting then received the Council’s report for 2007, the audited financial statements for the year ended 31 December 2007 and the auditor’s report. Members unanimously agreed to appoint the auditors, Messrs. BDO Binder and authorised Council to determine their remuneration.

207 valid proxy forms were received within the stipulated period and a total of 57 members were present in person to exercise their rights at the AGM.

Council member Mohamed Ridza Abdulla FCIS has opted not to seek re-election. Ong Whee Tiong FCIS and Heng Ji Keng FCIS were elected to the Council while Rebecca Chan Chin Sieh FCIS retained her seat on the Council. Ahmad Shahab Hj Din FCIS announced his withdrawal to stand for election before voting commenced.

The meeting adjourned at 6.00pm with a vote of thanks to the Chair.