Reappointment of Chairmen of Financial Reporting Foundation and Malaysian Accounting Standards Board (4 July 2006)

The Finance Minister II has reappointed Dato' Johan Raslan as the chairman of the Financial Reporting Foundation (FRF) for a second three-year term until 30 June 2009. 

The minister also earlier reappointed Dato' Zainal Abidin bin Putih as Chairman of the Malaysian Accounting Standards Board for a second three-year term until 30 April 2009.
Dato' Johan, 46, a chartered accountant by profession, is an Executive Chairman of PricewaterhouseCoopers (PwC) Malaysia. A member of the Institute of Chartered Accountants in England and Wales (ICAEW), Dato' Johan has over 20 years' experience in accounting and auditing, of which 10 years were acquired in London. He worked at the PwC (then PriceWaterhouse) office in London before moving back to Malaysia where he has been instrumental in establishing its Financial Services practice in the Malaysian firm.
He is a member of the Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA). He is a member of the International Advisory Panel of the Labuan Offshore Financial Service Authority, a member of Working Group C (Corporate Governance and Shareholders Rights) of the Corporate Law Reform Committee and a board member of Perbadanan Putrajaya. He is also a President of the Eisenhower Fellowships Association Malaysia; a member of the Board of Directors of Kuala Lumpur Business Club and a member of the Board of Trustees of Yayasan Tun Suffian.
"I am honoured by the trust placed in me by the Minister of Finance and I will continue to discharge the responsibilities to the best of my ability." 
"I believe that these are challenging times, especially for corporate Malaysia. The FRF has a key role to play in the reporting framework and it is important to ensure that our financial reporting meets the needs of all stakeholders locally and globally," said Dato' Johan.

Dato' Zainal is a fellow member of the Institute of Chartered Accountant in England and Wales (ICAEW). He joined Hanafiah Raslan & Mohamad in 1972 and was appointed as Managing Partner of Arthur Andersen in 1990 and later as Joint Chairman of Ernst & Young in July 2002. 
Presently, Dato' Zainal is an Advisor to Ernst & Young, Malaysia, a Director of Esso Malaysia Berhad, Tenaga Nasional Berhad, Commerce International Merchant Bankers Berhad and Mobile Money International Sdn Bhd. He is a member of the Malaysian Communication & Multimedia Commission and a member of the Investment Panel of the Employees Provident Funds. He is also a Trustee of the National Heart Institute Foundation. Dato' Zainal was Past President of the Malaysian Institute of Certified Public Accountants in 1989. He was the Chairman of the Pengurusan Danaharta Nasional Berhad. 
Commenting on his appointment, Dato' Zainal said, "I am indeed honoured by the reappointment by the Minister of Finance."
"MASB has made significant progress towards the advancement of financial reporting standards in the country. MASB will continue to formulate accounting standards in light of international developments in accounting standards and will continue to play a role in the development of capital market in Malaysia", he added.