Think BIG, Dream BIG & Achieve BIG...Sdn Bhd • darren khoo, COO, iDimensions Consolidated Bhd • Nuraslina Zainal abidin, Group Managing Director, Genaxis Sdn Bhd • prasad Rajan,

updateWelcome New •Vistage MembersKEY-16 Starts•New Chairs•Vistage Long Tenure •Member Awards

CeO aCHIeVeMeNtSGiving Good Deals•

tHINkINg bIg IN 2013

VIStage-MIeR INdeX

aWaRdSVistage Recognition •Awards

NeWSROOMFoothold In F & B •PackagingBald & Beautiful For •Cancer AwarenessYouthful • MothersSojourns In •ShanghaiVisit to Taiping’s •TreasuresParty Time in •ThailandOpening of •e-Xperience StoreInspiration via •Squash

eVeNtSVistage JB Get-•Together Initial Chair Trainin• g2012 Vistage CEO •Summit: Talent & TechnologySplendour of •SHANGHAI Time Out In •THAILAND

aNNOuNCeMeNtSFMM Appointmen• t2012 Vistage •Member Leadership Awards Nominees“Dato” shi• pAppointment of Lee •Lai Keong as Project Director-Insurance2012 SOBA Award •Winner – Best EmployerCSR - Stop Hunger •Now MalaysiaCSR-Rumah •Ozanam & Stop Hunger NowGenerous CSR •Donations

SepteMbeR - deCeMbeR 2012

Published by

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 : (603) 2284 2126 / 2127

Fax : (603) 2284 2100 / 2139

e-mail : [email protected]

Website : www.vistage.com.my/

BEST WISHES FOR 2013!

Think BIG, Dream BIG & Achieve BIG

mailto:[email protected]

http://www.vistage.com.my/

2VISTAGEMALAYSIANEWS • SEPTEMBER-DECEMBER2012

Thinking Big in 2013Vistage Malaysia steps into year 2013 with a big bout of confidence andbig dreams. Our outlook is emboldened with a higher-than-expected growth in Vistage membership. When we celebrated our 15th an-niversary with the launch-ing of the “Changing and Growing” coffee table book in 2009, I had envisioned 400 members by 2012. To our delight, the number has reached 411 with combined annual sales of >RM35 bil-lion and employing about 60,000 employees.

We are, of course, putting on our thinking caps again to plan more growth strate-gies in the next few years. Between January 22 and 26, Members, Chairs and staff will have lots of op-portunities to pick up new ideas at the Vistage 2013 International Member & Chair Conference to be held in Dallas, Texas.There will be a contingent of 19 from Vistage Malaysia at-tending this event. They will learn how to ‘think big’ at workshops with topics on uncertainty, human capital, globalization, technology and leadership.

There are a few ideas to explore. One of these is better recognition for the ‘heart and soul’ of Vistage – our Chairs. This relates to the title of Master Chair and those deserving chairs will be bestowed with this special title by Vistage In-ternational HQ as long as the Chair is in service. This will be a BIG boost to high achieving Chairs.

To further value add to our Vistage members and also extend Vistage’s reach to a wider scope, we are ac-tively exploring with repu-table universities including co-opting HQ to grant ad-vanced degrees closely tied

to workplace or experiential learning in managing busi-ness issues and challenges. This would involve long-term planning, and working with a university of good standing on the syllabus and Vistage corporate tie-ups.

Many exciting challenges await us in 2013. May I extend Best Wishes to all Members and Chairs for a joyful and productive year ahead. Think big, dream big and achieve big. Vistage Malaysia is already envisioning to have at least 600 members by 2015!

~ Richard CM Wong, Chairman & Chief Listener


UPDATES

VEE

Welcome New Vistage MembersVistage extends a warm welcome to CEOs, entrepreneurs and support staff who joined us to improve their leadership and management skills.

VCE

benjamin dobbs• , Operations Manager, ParkerHannifinIndustrial(M) Sdn BhdChristine Loh• , Executive Director, General System Engineering Sdn Bhddarren khoo• , COO, iDimensions Consolidated BhdNuraslina Zainal abidin• , Group Managing Director, Genaxis Sdn Bhdprasad Rajan• , Managing Director, Energy Workforce (M) Sdn Bhd

Warren Reyes delos II• , Sales & Client Retention Director, Mediabanc Group Sdn BhdRicky Ng• , Director, MESB BerhadJames Chan• , Managing Director, Viron Technology Sdn Bhddanny Chai• , Managing Director, Goggles Marketing Sdn Bhddato’ adissadikin ali• , Managing Director/CEO, EXIM Bank Malaysia Bhd

allen Yew• , Managing Director, BH Enterprise Sdn Bhdangelyn Liew• , Managing Director, East Asian Traders Sdn Bhdbenny paul• , General Manager, Malex Medical Asia Sdn BhdCindy Chong• , VP Business Development, Dbix Systems Sdn Bhd

Freddie tang• , VP of Manufacturing, MSM Metal Industries Sdn BhdJacelyn Choong• , Investment Advisor, KSC Investment Managerskhoo Seng giap• , COO/Director, HPMT Industries Sdn BhdYeoh kai Hearn• , COO, System RKK Sdn Bhd

ViSTAgE EMERgiNg ENTREPRENEUR MEMBERS

ViSTAgE CHiEF EXECUTiVE MEMBERS


UPDATES

KEY ViSTAgE KEY MEMBERS

andy goh• , Sales Director, JF Microtechnology Sdn Bhddexter Soh• , Group Financial Controller, Mann Seng Metal International Bhderic Looi• , Deputy General Manager, Sweet Tape Enterprise (M) Sdn Bhdkoh boon Wei• , Sales Manager, Sun Pharmaceutical Sdn Bhdphoebe Lim• , Manager/Biz Development, Matrix Paradigm Sdn BhdRacheal ang• , Associate Manager Marketing, Sun Pharmaceutical Sdn Bhdtan kim Chuan• , Finance Director, HPMT Industries Sdn BhdYu Weak Sean• , Senior Finance Manager, Feruni Ceramiche Sdn Bhdaudrey tang• , Admin & Finance Manager, KCAT Services Sdn Bhd

teh teng khoon• , Marketing Manager, Adeqres Holdings Sdn Bhdkhoo San di• , Product Development Manager, Frontline Cosmeceutical (M) Sdn BhdMohd azzart Maideen • , ChiefOperatingOfficer,Consoci8 Sdn BhdLily Ong• , Engineering Manager, Halo Plus Sdn BhdFoo Wan Seng • , General Manager , Thong Thye Trading Sdn Bhdderek Low• , Acting Assistant General Manager, Ricoh Malaysia Sdn Bhdamizi bin Noor• , General Manager, Autokeen Sdn Bhddarren kong• , Group Financial Controller, MBM Resources Bhdkathy Yong• , Sogo (KL) Department Store Sdn Bhd

KEY-16 StartsAnewVistageKey-16Groupofficiallykickedoff on November 22, 2012. It is led by Vistage Chair, Tee Lee Meng. To know more about Lee Meng, read his profile at http://www.vistage.com.my/experience/advantage/vistage-chairs/tee-lee-meng/

http://www.vistage.com.my/experience/advantage/vistage-chairs/tee-lee-meng/




UPDATES

NEW CHAiRS

LEONg YOKE WENgSchooled at the Victoria Institution and Universiti Malaya, Leong Yoke Weng has a wide range of management expertise in multinational corporations as well as his own enterprise.

Leong was the Chief Buyer of Unilever where he negotiated for supplies to different manufacturing units of detergent, soap, toothpaste, cooking oil, margarine and others. He was also posted to Unilever Central Purchasing in London to experience worldwide sourcing efforts.

Leong is also skilled in marketing. As Marketing Manager of the Wall’s Division, he pioneered Brand Marketing for Malaysia and Singapore resulting in Wall’s overtaking its rival who had been the brand leader for generations.

Testing himself further, Leong started his own business in an unfamiliar milieu. He succeeded in building up a distribution agency from a single-storey shophouse to a large Refrigerated Warehouse receiving goods by containers.

Leong enjoys music, travelling on real roads as well as the worldwide web. He treasures good books and friends.

Leong is recruiting Vistage members for his new Vistage group to commence in Johor Baru in second quarter 2013.

RAVi MOORTHY Ravi has over 40 years in multi-market and multi-cultural business and consulting experience across Asia. His broad hands-on experience has provided him with intimate knowledge in the key business disciplines of sales,marketing,financeandhumanresources.

He had a distinguished career with leading multinational corporation Gillette, where he held several senior management roles, including

Managing Director in Malaysia, General Manager in Taiwan and Singapore, Head of Marketing for Malaysia and Head of Finance in Indonesia.

Ravi also had extensive experience with Right Management, a leading global HR consulting organization, where he developed presence in Malaysia, as well as expanded service capabilities in India and countries in the Asean region.

Ravi is the Managing Consultant of Raviji Consulting whose primary focus is adding value that will help make a difference in the lives of individuals and organizations. He


UPDATES

has been involved in consulting assignments with local and multinational corporations, specifically in the area of talent appreciationwhich includesExecutiveAssessment,PsychometricProfiling,Coaching,CareerManagement,OutplacementandDevelopmentand Selection.

Ravi is a certified Birkman Consultant with over 14 years experience supportingcandidates and clients from over 15 different nationalities. He is also an Associate Business Development Partner of Birkman International.

Outside his corporate interests, Ravi is involved in community and social services, and promotes good health and work life balance.

Ravi is building a new Vistage CEO group in KL target to kick-off in 2013.

TAN TAKE HUATTan Take Huat has a wealth of knowledge in the fiber tip writinginstrument industry and porous media component business supplying to the healthcare, consumer and industrial markets. Through his career, he has gained vast experiences in manufacturing, international marketing and managing international business.

TakeHuat foundedFibertech in1998,acompanymanufacturingfibertip for the writing instrument industry. Prior to starting Fibertech, he was the key person who developed and expanded the Asian distribution networks for the various porous media products of Porex Corporation, an American MNC from 1989 to 1997.

In 2000, Take Huat sold Fibertech to Porex Corporation. Then, he started Porex TechnologiesMalaysiacombiningfibertipandporousplastictechnology.Hedoubledtheplant’smanufacturingcapacitywithinfiveyearsandgrew thecompany’sannualrevenue based from RM300,000 to RM40 million in 11 years. By then, the company was exporting their products to 34 countries throughout Asia, Europe and America.

At Porex Malaysia, he led his manufacturing team to develop production systems that wereefficientand thesesystemswerereplicated inothersisterplants.He ispeoplefocused and keeps a keen interest in human resources development. Take Huat has also mentored several young graduates into managerial positions.

During his tenure as CEO in 2004, Porex received the prestigious “Good to Great Company” recognition under the Business Excellence Award by the Malaysian Canadian Business Council. Take Huat retired from Porex Malaysia in 2011.

Take Huat is building a new Vistage CEO group in KL target to kick-off on March 7, 2013.


UPDATES

gEORgE TANgGeorge Tang’s management style is participative and inclusive, enabling him to build a culture of team work and mutual respect in several companies over a span of 45 years. He is accredited as an in-house facilitator for the Adizes Organizational Transformation programme.

Prior to his retirement in August 2012, he worked for 30 years with Malayan United Industries Berhad (the MUI Group), a multi-national and multi-

industry group. In MUI, George held several CEO-level positions in its hotel & property division and retailing division reporting directly to the Group Executive Chairman.

One of his most satisfying career experiences was leading a team that successfully turned around Ming Court Hotel Kuala Lumpur (later re-branded as Corus Hotel) to become one of the top-performing hotels in Kuala Lumpur. In the past three years, the hotelachievedagrossoperatingprofitmarginofover50%,oneofthehighestamong4 and 5-star hotels.

George is building a new Vistage Emerging Entrepreneurs (VEE) group target to commence in second half 2013.

ViSTAgE Long Tenure Member Awards (September - December 2012)Congratulations to our loyal Vistage members!!

10 Years

datuk Mohamad danel abong• , Managing Director, Global Upline Sdn Bhd

5 Years

goh Cher Wen• , Group MD, Rovski Sdn BhdLeanne Ooi• , General Manager, Rentwise Sdn Bhderic khoo• , Plant Manager, Amlex Technology Sdn Bhdteh Seng Hock• , Executive Director, Aident Corporation Sdn krishnan Vadivelu• , Director/General Manager, Alex Stewart (Malaysia) Sdn Bhdtan Suan tin• , HR Manager, Fonterra Brands (Malaysia) Sdn Bhdtamil Selvan durairaj• , Managing Director, Century Software (M) Sdn Bhd


EVENTSAWARDS

at the Vistage CeO Summit 2012, several awards were given to loyal Vistage Members and Chairs who had been with Vistage for 10 years. the Star Supporter award 2011 was also presented to companies which sponsored staff in Vistage programmes.

Gilbert Foong, Managing Director, United Artwork Sdn Bhd, VCE-1

Wong Fong Leng, CEO, Sun Pharmaceutical

Datuk Mohamad Danel Abong, Managing

Director, Global Upline Sdn Bhd, VCE-9

Hong Khay Chai, Senior Chair, Group: VEE-37

Heah Kok Soon, Senior Chair, Group: VCE-1

Teng Beng Lee, Managing Director,

Medispec (M) Sdn Bhd, VCE-610

Simon Soh, Senior Chair, Groups: VEE-2, VEE-15, KEY-10, KEY-12

Vistage Recognition Awards

Puan Sri Datin Seri Dr Susan Cheah, Executive Director, Sunway Management, VTA-1

Lim Ee Young, Group CEO, Yee Lee Corporation, VCE-16

Richard Goh, Managing Director, KL Maritime,

VCE-18

Callum Chen, Executive Chairman,

LH PLus Sdn Bhd

Kevin Loke, CEO Kumpulan Jebco, VCE-16

Yu Weak Sean, Senior Finance Manager, (representing CC Ngei, Managing Director, Feruni Ceramiche, VCE-22)

Bruce Tan, Managing Director, Lima Bintang, VCE-16

Ch’ng Kien Peng, Board Director and COO, Xepa Soul Pattinson, VCE-18

Andrew Lim, Managing Director, KL Sogo, VCE-610


EVENTSAWARDS

ViSTAgE MEMBER TENURE AWARD – 10 YEARSThank you for your commitment and support

CHIN EU WAI, Managing Director, Décor Trend Sdn Bhd•GILBERT FOONG, Managing Director, United Artwork Sdn Bhd•DATUK MOHAMAD DANEL ABONG, Managing Director, Global Upline •Sdn BhdTENG BENG LEE, Managing Director, Medispec (M) Sdn Bhd•

ViSTAgE CHAiR TENURE AWARD – 10 YEARSThank you for delivering on the Vistage promise.

HEAH KOK SOON, Group: VCE-1•HONG KHAY CHAI, Group: VEE-37•SIMON SOH, Groups: VEE-2, VEE-15, KEY-10, KEY-12•

STAR SUPPORTER AWARD 2011Thank you for believing in continuous education and sponsoring your CEO and senior managers (min. of four or more) to participate in Vistage programmes.

Sunway group of CompaniesPuan Sri Datin Seri Dr Susan Cheah VTA-1Mok Sew Wah VCE-1Cheah Kok Hoong VCE-19Joan Soh VEE-10

Yee Lee/Chuan SinLim Ee Young VCE-16Kenny Lim VCE-22Chris Lim VCE-26Vincent Chua KEY-6Yaw Hong Seng KEY-6

Sogo/gama groupAndrew Lim VCE-610 Lisa Yong VEE-13Yong Yau Wah KEY-6Ong Lay Hoon KEY-8

kumpulan JebcoKevin Loke VCE-16Chiew Teng Hin VEE-12Wong Yip Chee VEE-13Chin Yon Yee KEY-6

Feruni CeramicheC. C. Ngei VCE-22Roger Ong VEE-9Gidget Lim KEY-6Tan Kian Teong KEY-10

kL MaritimeRichard Goh VCE-18Stone Lee KEY-4Joseph Lim KEY-6Francis Tan KEY-10

Lima bintangBruce Tan VCE-16Victor Nirmalan VEE-9

C. K. Chin VEE-15Lai Siew Hong KEY-6

LH plus Sdn bhdCliff Chen VEE-10Caryn Chen VEE-12Clement Chen VEE-13Soong Moo Ching KEY-4

Sun pharmaceuticalShum Tuck Yein KEY-4Siti Rahayu KEY-10Vincent Choo KEY-11Kelly Lo KEY-12

Xepa Soul pattinsonCh’ng Kien Peng VCE-18Lai Yeo Lian VEE-10Wong Wee Chun KEY-6Low Tian Chai KEY-11


EVENTSANNOUNCEMENTS

FMM AppointmentRichard CM Wong, Chairman of Vistage Malaysia has been appointed by Federation of Malaysian Manufacturers (FMM) as its Chairman for Ethical Business Committee and the Building Committee.

2012 Vistage international Member Leadership Awards NomineesTwo Vistage Malaysia members Ken Phua and Zafrul Noordin were nominated for the 2012 Vistage International Member Leadership Awards.

ken phua | VCe-26Executive Director, Bentley MusicKuala Lumpur, MalaysiaChair: Chan Chun Keong

Under Ken’s leadership, Bentley Music continues to lead the way in music retailing by adapting to the demands of the music market and strategically expanding its business. Bentley Music built up a formidable reputation as the largest importer and sole distributor of some of the world’s top instrument brands in the country.

Zafrul Noordin | Vee-15CEO, MotionworksKuala Lumpur, MalaysiaChair: Simon Soh

Zafrul is the founder and CEO of Motionworks, an award-winning web development and multimediaintegrationfirm.HehasbuiltateamoftalentedpeoplewhohavecreatedmanyfirstsinMalaysia.Recently,hegotthePrimeMinister’sDepartmenttosupportaproject called NOVA (Open Innovation Platform), which Zafrul invented.

“Dato” shipManaging Director of I.S.E.T Engineering Sdn Bhd, Chong Toh Wee (VCE-8 member since August 2011) was conferred the title of “Dato” by His Royal Highness Sultan of Pahang on the occasion of his 82nd Birthday.


EVENTSANNOUNCEMENTS

Appointment of Lee Lai Keong as Project Director-insurance Vistage Chair, Lee Lai Keong, was appointed Project Director -Insurance at the Malaysian Accounting Standards Board (MASB) w.e.f. September 1, 2012. He is responsible for spearheading the implementation of a new International Financial Reporting Standard for Insurance, in the Malaysian Insurance Industry as well as to train the technical staff of MASB in Insurance and Takaful Accounting.

Lai Keong is not new to Insurance Accounting Standards as he was actively involved in the setting and implementation of the Malaysian General Insurance Accounting Standard and Model Insurance Accounts during his tenure in the Insurance Industry.

2012 SOBA Award Winner – Best EmployerPang Tse Ming, Managing Director of EP Plus Group Sdn Bhd (VCE-16 member since June 2005) won the Silver Award for Best Employer by the Star Outstanding Business Awards (SOBA) in this category for 2012.

This award gives recognition to a local enterprise who has demonstrated commitment towards human capital, and position itself as a leading organization to work for.

CSR - Stop Hunger Now MalaysiaVistage Malaysia Chairman and Chief Listener, Richard CM Wong, together with two Vistage members Datuk Jimmy Lim (VCE-16 member since October 2004) and Datin Suriza Hing Abdullah (VEE-9 member since September 2003) have been appointed to the Advisory Board of SHN Malaysia.

StopHungerNow(SHN)isatax-exemptU.S.501(c)(3)non-profithumanitarianrelieforganization. Founded in 1998, SHN has as its objectives to:

(a) Package and deliver nutritious food to the hungry individuals living in vulnerable conditions

(b) Raise the level of awareness of the global public concerning world poverty and hunger, and motivate people to action.

Since its inception, SHN has delivered food aid and disaster relief supplies in the form of food, medicines, medical supplies, medical equipment, clothing, and blankets to thou-sands of disaster victims and other hungry and vulnerable people in over 79 countries.

SHN has recently established a company in Kuala Lumpur, Malaysia, to easily reach out to those in need in the vulnerable or famine countries of the Asian region.


EVENTSANNOUNCEMENTS

CSR- Rumah Ozanam & Stop Hunger Now Vistage Malaysia pledged to donate RM20,000 each to RUMAH OZANAM KLANG (for their building fund) and STOP HUNGER NOW (equivalent to 20,000 packs of nutritious dehydrated meals to be distributed to crisis-burdened areas or supplied to school feeding programmes around the world). Thank you all for your generous contributions too!

In this context, there will be a VISTAGE CSR DAY on March 30, 2013, at the Publika Business Centre in KL. Any Vistage member companies wishing to subscribe to this project, please contact either Vistage Malaysia Chair, staff or Mr Tiki Keh, Executive Director of SHN [[email protected]] or 010-2013048) on the cause. You may contribute any amount that you are comfortable with and there will also be media coverage on that day of the event, with loads of fun for your fellow staff and family members, who are encouraged to come join us in the packaging event, as we will need at least 300 volunteers to pack 100,000 meals!

generous CSR DonationsThe Charity Booth at Vistage CEO Summit 2012 collected a total of RM8,000 from participants’ generous donations. With Richard CM Wong’s pledge of RM500 for every new VCE/VEE member joined/started in 2012, this amount is a staggering RM39,500 as at December 31, 2012.


EVENTSCEO ACHIEVEMENTS

giving good DealsAndReW TK LiM, MAnAging diReCToR of KL Sogo is a firm believ-er in walking the talk when giving incentives and re-warding performers, wheth-er staff or suppliers. This management practice has helped him to retain high achievers and grow a highly competitive retail business.

Popular departmental store KL SOGO will be celebrating its19thanniversaryinJanuary2013.Thesinglestorewasinadifficulttransitionstagein 2002 but has since grown by leaps and bounds to estimated sales revenue of RM600 million in FY2012/2013. What is surprising is that the CEO who turned the company around is a lawyer who had no prior experience in the retailing industry. Andrew TK Lim, Managing Director of SOGO (K.L.) Department Store Sdn. Bhd., reveals that he was not fearful of the challenges because Vistage Malaysia was there to help him make sound business decisions.

On hindsight, Andrew TK Lim says that the turnaround involved readjustment of merchandise and pricing. To understand this, he gives the background behind KL SOGO. It was inspired by former Prime Minister Tun Dr. Mahathir Mohamad who envisioned

an iconic departmental store in Kuala Lumpur (like the ones he saw in Japan). The Japanese joint venture partners were pleased to transfer their know-how to Malaysia and they designed KL SOGO from scratch.

When KL SOGO opened in January 1994, it was afive-star,up-marketretailer.TheRM480mbuilding was constructed with marble floorsandluxuriousfittings,andsoldexpensivehighbrand imported merchandise. Its Japanese

Andrew TK Lim delivering his address to business partners

Andrew TK Lim showing some photos of SogoKL to Tun Dr Mahathir Mohamad



partnersbroughtinthefinestnotonlyingoodsbutalsoJapanesemanagersandretailingsystems. KLites were in awe of the beautiful store and the luxurious goods on sale.

But, “There was a big mismatch with the customer base,” explains Andrew TK Lim. The Malaysiancustomers’needsandbuyingpowerforthatlocation,atthattime,didnotfitinto the high-end niche. Eventually, lethargic sales and a property bubble burst in Japan all took its toll. Andrew TK Lim came into the picture because he was the lawyer who drew up agreements for the Japanese partners and was from the beginning invited to sit on the Board of Directors. He organized a management buyout in 2002 to take over the business.

Andrew TK Lim notes that the takeover ‘was not that frightening’ because he had many friends in KL SOGO, namely the senior managers who had been running the show. At first,hethoughthecouldpickupthetricksofthetradebymanagingthestorehimselfbut it was an uphill task. Thanks to the advice and help from his Vistage Chair, he decided toengageaChiefOperatingOfficer todo the job. “This isoneofmybestbusiness decisions arising from the one-to-one meeting with my Vistage Chair,” he acknowledges.

To grow and sustain business, Andrew TK Lim says that people management is the key. He practices what he calls ‘incentive-based management’. This means clearly spelling out the ‘carrots’ and really giving it out when people perform. “You must believe in and really actualise the incentive system”, he adds.

Personally, he reveals that this was initially an inner struggle and “mental agony” because of his frugal mindset (attributed to the Penangite in him). It took time to re-orientate his thinking. Now, high achievers at KL SOGO are amply rewarded not only in pay but also in incentives and overseas study trips. They go to famous shopping

Group photo of Andrew TK Lim, Tun Dr Mahathir Mohamad and Sogo KL management staff



destinations such as Paris, London and New York to see the sights as well as inspect major department stores there like Harrods, Saks, Nordstrom and Bloomingdales.

Besides rewards, Andrew TK Lim develops human capital using the Vistage process. A Vistage member since 2003, Andrew TK Lim still continues his one-to-one session with his Chair and has extended the mentoring system to his subordinates. He has signed up four managers at KL SOGO as members of Vistage Malaysia, and was presented the Vistage Star Supporter Award on October 30, 2012.

Andrew TK Lim also rewards his hardworking suppliers aka business partners. KL SOGO’s long list of suppliers sell mainly Malaysian brand names, from shoes, clothes, bags to household items and food. He emphasizes that the store adopts a ‘strict retail discipline’ where rewards are tied to sales performance. Once linked to KL SOGO’s computerized system of sales, grading and assessment, suppliers can gauge their performanceonadailybasis.Thefactsandfiguresspeakforthemselves.

“Give them a good deal, if they do well, give them prominence (in retail space). It is a proper monitoring system of allocation. Some will grumble but they still respect the system” he points out. Andrew TK Lim reinforces his appreciation to suppliers every year at a grand

dinner. He applauds their achievements and implores them to reach higher peaks at an annual Business Partners Appreciation Banquet.

At KL SOGO, the well “incentivised” staff and suppliers get the store up and running with good bargains for shoppers all year round. Looking at the high turnover, it is without doubt that there is

nowagoodmatchbetweencustomerprofilesandthemerchandisemix.WillAndrewTK Lim be duplicating the single store’s success? “We go where our customers are, like fishinwater.Fishcannotsurvivewithoutwater,”isallthissmartCEOdivulges.

“Give them a good deal, if they do well, give them prominence (in retail space). It is a proper monitoring system of allocation. Some will grumble but they still respect the system”

Andrew TK Lim receiving the Vistage Star Supporter Award from Richard CM Wong

16

http://www.klsogo.com.my

http://www.trendsetteronline.com.my

http://www.khind.com

http://www.homehealth.com.my

!

http://linexcom.com

http://facebook.com/linexcom


EVENTS

initial Chair TrainingAn Initial Chair training for four new Chairs – Leong Yoke Weng, Ravi Moorthy, Tan Take Huat and George Tang - was held on two occasions, October 5-6, 2012 and December 11, 2012. It was led by Resident Chair, Lim KahHooiatVistageMalaysiaOffice.

Vistage JB get-Together A Get-Together with members and ex-members was held at Bierhaus Pub, Johor Bahru on September 1, 2012 for fellowship and also to solicit views and assistance on forming a Vistage Group in Johor Bahru. Those present agreed to invite 1-2 prospects to attend the Awareness Event to be held in Johor Bahru.

In attendance were Richard CM Wong, Heah Kok Soon, Teoh Soon Chee, Ng

Ling Ping, Lucien Matthews, SH Lai, Danny Tan and TM Chua.

L-R: Sherine Cheng, George Tang, Tan Take Huat, Ravi Moorthy, Lim Kah Hooi

Sitting L-R: Lim Kah Hooi, Leong Yoke WengStanding: L-R: Heah Kok Soon, Sherine Cheng


EVENTS

Vistage CEO Summit 2012: Leveraging on Talent in tandem with Technology

The Vistage CEO Summit for 2012 held on October 30, 2012 at Shangri-La Hotel, Kuala Lumpur carried the theme “Leveraging on Talent in tandem with Technology”. Internationally sought-after speaker and author Frank Furness had the crowd enthralled with his lively and humorous talk on “Walking with Tigers”. He revealed success secrets from the world’s top business leaders. Frank also shared his knowledge on online marketing and how to reach the new consumer using technology.

The large crowd at the Vistage CEO Summit

Frank Furness engaging the audience with his lively talk


EVENTS

Touching on talent, Tham Wai Yee, Director, Organisational Survey & Insights, Southeast Asia, Towers Watson, gave insights on sustainable engagement with employees. She also highlighted best practices on building an engagement strategy.

Health-conscious participants at the CEO Summit also benefitedfrom the presentation by Dr Rajbans Singh, President of the Malaysian Wellness Society. He delved into the latest topic in health sciences, “Role of DNA in Healthy Aging and Healthy Living”, which noted specific genes thatregulate health and can help a person reduce risk of metabolic diseases, heart diseases, strokes and cancer. Tham Wai Yee making a point on engaging talent

Richard CM Wong presenting a token of appreciation to Dr Rajbans Singh


EVENTS

Splendour of SHANgHAi Vistage Malaysia hosted its Annual Dinner on December 15, 2012 at the Empire Hotel Subang for the Vistage Chairs, staff and spouses/partners. With the theme “Shanghai Nite”, about 50 staff and guests came dressed in style in clothes and coiffure resembling the heydays of Shanghai in the 1950s. There was a lot of fun and laughter as they enjoyed the good food, Christmas turkey, Vistage Cheongsam Girls’ performance, awards and games.

Everyone let their hair down, and those who vied for the” King” and “Queen” of the Nite pranced and danced to impress the judges. The 2012 crown went to Woo KT, who looked every inch like a “Shanghai big boss” and Kareena Tan who exuded much charm in her classic cheongsam.

Time Out in THAiLAND

The Vistage Malaysia team went on its annual company retreat in Suan Phung/Bangkok, Thailand between November 15 and 18, 2012. Team members accompanied by Richard CM Wong, Chairman and Chief Listener had a great time feeding sheep in Suan Phung and shopping in Bangkok.


EVENTSNEWSROOM

FOOTHOLD iN F & B PACKAgiNg

Signing ceremony between Scientex and Great Wall Plastics

Scientex Incorporated Bhd, lead by PJ Lim (VCE-16 member since October 2004), will soon become one of the largest industrial packaging players in the world with the acquisition of two companies who are established in the food and beverage packaging sector.

The signing ceremony was conducted on October 3, 2012, where Scientex Packaging Film Sdn Bhd entered into a conditional share sale agreement with Great Wall Plastics Holdings Berhad in respect of the proposed acquisition of the entire shareholding in Great Wall Plastic Industries Berhad and GW Packaging Sdn Bhd for a total purchase consideration of RM283.2 million in cash.

Upon completion of the transaction which is expected in Q1 2013, it will result in Scientex becoming one of the world’s largest industrial plastic packaging players. The acquisition will also enable Scientex to diversify and gain an immediate foothold into the growing food and beverage industry through the manufacture of flexible plastics packaging(FPP) products of which Great Wall is well known for. These value-added products are extensively used in food and beverage packaging.


EVENTSNEWSROOM

With strong support from Khind staff and public, a total of RM200,000 was raised for two NGOs - Breast Cancer Welfare Association and Sarawak Children Cancer Society. The “Bald & Beautiful” event was launched in Setia City Mall, Shah Alam on October 11, 2012 where more than 140 “Khindies”(Khind staff and friends) shaved bald on that day. Even four ladies took the challenge.

Group CEO of Khind Holdings Bhd Cheng Ping Keat (VCE-1 member since April 1998) drummed up a lot of support from staff and suppliers. He and senior managers shed their crowning glory for a good cause. The event ended with a bang, where more than 40 “bald” headed employees, including Khind’s CEO, COO and a few General Managers danced “Khind Bald Gangnam Style”. It was uploaded to Youtube the following day.

BALD & BEAUTiFUL FOR CANCER AWARENESS

Group COO, Boh Boon Chiang, ( left), Group CEO, Cheng Ping Keat (center) and General Manager of Finance, Khoo Guan Kiat (right) going bald

Finale with “Gangnam Style” dance to end the successful event.

Group photo of the participants after shaving bald

Presentation of the cheques to the two NGOs


EVENTSNEWSROOM

YOUTHFUL MOTHERS

A unique contest for mothers in their 30s, 40s and 50s called “Glowing Youthful Mother Contest” was organized by Mega Lifesciences Sdn Bhd Regional Director, Sudhir Gandhi, (member of VCE-23 since May 2011) in association with Malaysian Wellness Society. The contest, currently in its second year, is organised with the objective of purveying awareness and educating the society on the importance of caring for the four main pillars of health – liver, joints, heart and skin. This unique contest served as a great information platform to deliver positive messages – to live healthier and live longer, making preventive health an important daily regimen.

Mega Lifesciences and Malaysian Wellness Society conducted biological age assessment and health checks to promote preventive health. Beauty workshops and Boot camps were held where participants were exposed to a number of talk sessions involving balanced micronutrient intake, stress management, yoga classes, grooming and catwalk.

The winner Harvinderjit Kaur, a 31-year old mother of two children is a homemaker. First runner-upAlwizahAl-Yafii,a38-yearoldmotheroftwochildrenisalawyerwhilethesecond runner-up was Biruntha, a 32-year old IP consultant who has one child.

Winners of the “Glowing Youthful Mother” Contest


EVENTSNEWSROOM

SOJOURNS iN SHANgHAiThe entire VCE-8 group members went on an informative and enjoyable retreat in Shanghai between Novemer 1-3, 2012. It started with a group meeting hosted by member WK Wong at his Jabil Shanghai plant. This was followed by a resource session on “Understanding the Chinese Consumer” by Anders Paulsson of

StreetSmith Solutions. In the evening, they attended a Networking Dinner with Vistage Shanghai members, thanks to Amy Zhang, Vistage Shanghai Operations Director, and Bronwyn Bowery-Ireland, Vistage Chair in Shanghai who helped to organize this special event.

The next morning was an informative visit to an LED lighting factory in Shanghai. They learnt about the advancements in LED lighting technology and key considerations for LED lighting investment. After waving goodbye to our LED factory host, it was off to Kunshan for a yummy lunch of fresh hairy crabs. Dinner that evening was at a specially selected restaurant toget a first-handexperienceof howuseofmodernovensandequipmentcouldimprovekitchenlayoutandefficiencyevenforChinesekitchens.TheWestern and Chinese fusion dinner was excellent.

Thelastdaywasintentionallyarelaxingoneforsightseeing,shopping,footreflexologyand business meeting for some members.

The very first full VCE-8 group photo taken at Renaissance Shanghai Yangtze Hotel.

Group Meeting at Jabil Shanghai, with Resource Speaker, Anders Paulsson of SmithStreet Solutions.

Networking dinner with Vistage Shanghai members.


EVENTSNEWSROOM

ViSiT TO TAiPiNg’S TREASURES

VCE-26 members and their families visited several prominent sites in Taiping. The highlight was the visit to Spritzer, the country’s number one bottled water brand factory. It taps pure, unadulterated mineral water from deep in the ground.

Members’ spouses and children had an interesting day tour of mangrove swamps, charcoal factory and the Taiping Zoo.

VCE-26 group photo at Spritzer factory

VCE-26 group meeting in session at conference room

Chair, CK Chan giving out book prizes for perfect 12 attendance at monthly group meetings to Alex Hoi. Other winners were: CC Cheah, David Lim, TK Liew

VCE-26 members visit to David Lim’s new worksite in Ipoh en route to Taiping, to understand his hydraulic piling services in greater detail.


EVENTSNEWSROOM

PARTY TiME iN THAiLANDMembers of Vistage VEE-2 and their families took their retreat at Koh Phangan and Koh Samui, Thailand from November 27 to December 1, 2012. They experienced the famous “Full Moon Party” at Koh Phangan, Thailand.

After the big party, the group moved to Koh Samui for a relaxing environment at the Samui Beach Village Villas. Some took part in sporting activities and Flying Fox. Others enjoyed the award winning Tamarind Spa, Thai food, drinking sessions, fellowship and of course shopping!!

OPENiNg OF E-XPERiENCE STOREVistage Member Nelson Yong (VCE-22 member since June 2010) established e-Xperience, a one-stop Apple Campus Store at Monash University Sunway Campus in September 2012. The store offers a full range of Apple products and Apple-related accessories and a large number of demo units for customers to experience. It also carries a large range of iPhone and iPad third-party accessories. Another store is located in Taylor’s Lakeside Campus, Satelite Shop in Taylor’s College.


EVENTSNEWSROOM

iNSPiRATiON ViA SQUASHREDtone Telecommunications Sdn Bhd, helmed by CEO Lau Bik Soon, Member of VCE-16, was the title sponsor for the 6th KL International Junior Open Squash Championships 2012, organized by the Squash Racquets Association of Federal Territory (SRAFT). The championship was held from December 12 to 16 at the NSC Squash Centre in Jalan Duta in Kuala Lumpur. This year, it attracted a record number of 480 players. The Malaysian team comprised 430 players while the remaining players were from Iran, Singapore, Japan, India and Papua New Guinea.

This sponsorship, was part of REDtone’s Corporate Social Responsibility (CSR) programme, which aimed to promote the sport and inspire young Malaysians to embrace amoreactivelifestyle.Since2010,REDtonehasbeenfirmlycommittedtoCSRandholds the belief that it can make a positive difference to the communities through CSR initiatives.


EVENTSNEWSROOM

Andrew TK Lim, Managing Director of Sogo KL (VCE-610 member since April 2003)

Cheng Ping Keat, Group CEO of Khind Holdings Bhd (VCE-1 member since April 1998)

Ken Phua, Executive Director of Bentley Music (VCE-26 member since August 2011)


EVENTSNEWSROOM

Dato’ Peter ST Tan, Managing Director of NuLifeStyle Sdn Bhd

(VCE-8 member since May 1996)

Zainal Amanshah Zainal Arshad, CEO of InvestKL Corporation (VCE-19 member since December 2005)


EVENTSNEWSROOM

Vistage CeO Summit 2012


EVENTSPROMOTION

STAY TUNE TO MORE giFT OF ViSTAgE We have received over-whelming response to the Gift of Vistage campaign in 2012. We thank you for all your support in provid-ing referrals and new members. The Gift of Vistage campaign will now take a break.

Stay tune for more attractive programmes in Gift of Vistage in the coming months of the NEW YEAR!

ViSTAgE Awareness EventVistage Malaysia conducts monthly Awareness Events for CEOs / Business Owners interested to know about Vistage and to join the organization. For schedule of the events, please go to: http://www.vistage.com.my/experience/advantage/vistage-awareness-event/

Free Articles from Vistage MalaysiaGet free reports, articles, latest news, events, workshops, updates and photos when you visit the various channels of Vistage Malaysia in the social media:http://www.facebook.com/vistagemalaysiahttp://vistage.com.my/blog/http://twitter.com/vistagemalaysiahttp://youtube.com/vistagemalaysia

ADVERTiSEMENT iN ViSTAgE MALAYSiA NEWSPleasecontactVistageofficeforadvertisementdetailsandprices.

Phone: (603) 22842199 Email: [email protected]

http://www.vistage.com.my/experience

http://www.vistage.com.my/experience

http://www.facebook.com/vistagemalaysia

http://vistage.com.my/blog/

http://twitter.com/vistagemalaysia

http://youtube.com/vistagemalaysia


VISTAGE-MIER CEO CONFIDENCE INDEX

CEO optimism on the outlook of the Malaysian economy, as well as the prospects of their firms,fell marginally in the fourth quarter of 2012. The 4Q 2012 Vistage-MIER CEO Confidence Index fell amarginal 0.8 points to settle lower at 91.7 points. While the quarter-on-quarter fall of the Index may be insig-nificant,thefactthatthisisthe sixth consecutive quar-ter of readings below the 100-point neutral level is an important indication of persistent low.

Proportionately fewer CEOs (46% compared to52% previously) expecttheir firm’s profitability toimprove going forward, a reflection of expectationsof worsening business conditions in the months ahead. As a consequence, fewer respondents expect to increase their firms’ to-talfixedinvestmentexpen-diture (40% compared to46% previously) and totalnumberofemployees(42%comparedto44%).

Corruption & businessIn this survey, respondents were asked whether their companies have lost busi-ness or business opportu-nities because of their re-

fusal to engage in corrupt practices.While27%ofre-spondents answered “yes”, it is interesting to note that 30% answered “no com-ment”.

LeVeL OF pRepaRedNeSS FOR gSt IMpLeMeNtatIONWhile the Goods and Services Tax (GST) has been successfully implemented in 146 countries, it remains a hotly debated topic in Malaysia. This quarter’s survey results suggest that Malaysian companies are generally still not prepared for the implementation of GST. When asked about their company’s level of preparedness, only 7 per cent of responding CEOs indicated that they are “all ready to go” while a significant 61 per cent indicated “no action taken yet.”

WOMeN IN SeNIOR MaNageMeNt pOSItIONSThe Government has been encouraging more women in senior management positions. In fact, according to a 2007 study by McKinsey & Company entitled ‘Women Matter: gender diversity, a corporate performance driver’, stronger stock market growth is more likely to occur when senior management teams have a higher proportion of women on board. If asked to choose between two equally suitable candidates but of different gender for a particular senior management position in their companies, 46 per cent of CEOs indicated they would choose a man while 48 per cent indicated they would choose a woman.

pRIVate eQuItY FuNdINg In 2011, the RM5.12 billion buyout offer for Malaysia's fast food operators KFC and QSR made by a team comprising Johor Corp and the EPF made the offer one of the largest private equity deals in Southeast Asia. However, private equity penetration in Malaysia as a percentage of GDP remains low when compared to countries like Singapore and the U.S. That’s in line with the results of this survey which showed that less than half (45%) of respondingCEOs indicated that they are willing to invite private equity firms to participate in their organization.

SaLaRY INCReMeNtS aNd bONuS paYOutS Good employees are valuable assets and hiring, training and overhead costs associated with replacing someone who has left can be high. Survey results suggest that CEOs are well aware of this. Even though CEO confidence remains low, as indicated by the Index that had plodded through 2012 at below the 100-point neutral level, most CEOs still have plans to make salary increments and bonus payments to their staff for the financial year ending 31 December 2012.

CONFIdeNCe ReMaINS LOW CEO optimism on the outlook of the Malaysian economy, as well as the prospects of their firms, fell marginally in the fourth quarter of 2012. The 4Q2012 Vistage-MIER CEO Confidence Index fell a marginal 0.8 points to settle lower at 91.7 points. While the quarter-on-quarter fall of the Index may be insignificant, the fact that this is the sixth consecutive quarter of readings below the 100-point neutral level is an important indication of persistent low CEO confidence.

The quarter-on-quarter performances of the six component indices of the 4Q2012 Index were mixed. Three component indices – namely current economic conditions, planned fixed investment and expected profit growth – settled lower while two – expected economic conditions and expected revenue growth – settled higher. The remaining component – expected change in employment – remained unchanged.

Of the 311 respondents responding to this survey, proportionately more CEOs (38% compared to 31% in the previous quarter)believe that overall economic conditions in Malaysia worsened compared to a year ago. However, when asked about anticipated changes in economic conditions over the next 12 months, a slightly higher proportion of respondents (17% as compared to 14%)indicated that they expect conditions to improve.

With regard to expectations of their firms’ sales performance over the next 12 months, there was hardly any change in the proportion ofCEOsanticipatinghighersales(57%comparedto56%percentpreviously).However,proportionatelyfewerCEOs(46%comparedto52%previously)nowexpecttheirfirm’sprofitabilitytoimprovegoing forward, a reflection of expectations of worsening business conditions in the months ahead. As a consequence, proportionately fewer respondents expect to increase their firms’ total fixed investment expenditure (40% compared to 46%previously)andtotalnumberofemployees(42%comparedto44%previously).

CORRuptIONAccording to PEMANDU, “corruption erodes public confidence in the ability of the Government and other key institutions in maintaining a fair playing field for all participants, and could dissuade private investment.”

In this survey, respondents were asked whether their companies have lost business or business opportunities because of their refusal to engage in corrupt practices.

While 27 per cent of respondents answered “yes”, it is interesting to note that 30 per cent answered “no comment”.

SpeNdINg ON INFORMatION teCHNOLOgYThe results of the last Confidence Index survey indicated that only 3 per cent of CEOs spend, as a percentage of sales, between 15 and 20 per cent on IT while a majority of 59 per cent spend between zero and 5 per cent.

When asked what would compel them to invest more on IT, 58 per cent indicated increased firm profitability. Tax incentives from the government, as well as a rise in issues resulting from rapid business growth are also important, as indicated by 49 and 48 per cent of the respondents, respectively.

The World’s Leading Chief Executive Organization

4Q2012 VIStage-MIeR CeO CONFIdeNCe INdeX

Note: All component questions are scored as the percent giving favorable replies minus the percent for unfavorable plus 100. The VISTAGE-MIER CEO Confidence Index is the sum of the components calculated as a percentage of the level recorded in 2nd quarter 2003 survey.


COMPONENTS

Current Economic Conditions

Expected Economic Conditions

Expected Change in Employment

Planned Fixed Investment

Expected Revenue Growth

Expected Profit Growth

Q12012

93.5

82

78

136

130

149

132

Q22012

97.8

91

93

141

130

148

136

Q32012

92.5

78

79

134

133

142

133

Q42012

91.7

71

83

134

126

149

130

Q32011

93.3

88

84

137

127

144

125

Q42011

82.5

63

62

135

118

131

115

Vistage Malaysia Sdn. Bhd. (296405-U)

Suite B-19-2, Wisma Pantai, No. 5 Jalan 4/83A, O� Jalan Pantai Baru, 59200 Kuala Lumpur, Malaysia.

Tel: 603 - 2284 2126/27 & 2284 2176/79 Fax: 603 - 2284 2100/39 Email: [email protected] Website: www.vistage.com.my

The World’s Leading Chief Executive Organization

4Q2012 VISTAGE-MIER CEO CONFIDENCE INDEX

On salary increments for managerial staff, 45% of CEOs project to pay 5% and below, 44% project to pay >5-10%, 10% project to pay >10-15% and 1% project to pay >15%. For the non-managerial staff, 41% of CEOs project to pay 5% and below, 46% project to pay >5-10%, 12% project to pay >10-15% and 1% project to pay >15%.

On bonus payout for managerial staff, 25% of CEOs project to pay 0-1 month, 41% project to pay >1-2 months, 29% project to pay >2-4 months, 4% project to pay >4-6 months and 1% project to pay >6 months. For the non-managerial staff, 33% project to pay 0-1 month, 46% project to pay >1-2 months, 19% project to pay >2-4 months, 1% project to pay >4-6months and 1% project to pay >6 months.

ATTRIBUTES ESPOUSED BY VISTAGEIn this survey, CEOS were asked to reflect on Vistageí s mission of increasing effectiveness and enhancing lives and then to pick from a list of attributes espoused by Vistage that they have developed in themselves. Survey results suggest that Vistage members have been quite successful in their self-improvement efforts, particularly in strategic thinking skills (94%), leadership skills (91%), and increased willingness to empower people (91%).

PHYSICAL ACTIVITY LEVELS A World Health Organization study that assessed the physical activity levels of people in 122 countries showed that 61.4 per cent of Malaysians above age 15 are physically inactive. CEOs are a busy lot. According to the results of this survey, 32 per cent spend more than 60 hours per week on work and business travel while 43 per cent average 50-59 hours per week. Despite their hectic schedules, CEOs are relatively active physically; 24 per cent indicated that they engage in exercise or sports activities twice weekly, while another 24 per cent indicated three or more times weekly.

AGED CARE While growing old is preferable to the alternative, it brings with it social and economic problems. Survey results suggest that most CEOs have already carefully mapped out their aged care plans. Thirty-eight per cent of responding CEOs indicated that their preferred choice of aged care when the need arises is ì assisted care at home with a caregiver or nurse,î while another 38 per cent indicated that they would prefer to ì move to a retirement village (community living) which has recreation facilities and aged care services.î

PERSONAL WEALTH Local real estate remains the favourite investment option of CEOs though its popularity has declined somewhat compared to the previous quarter (39% compared to 45% previously). Fixed deposits/cash is again the second most popular option with 38 per cent (39% previously) of CEOs voting for it, while equities is again at third placing with 35 per cent (also 35% previously).

ABOUT THE VISTAGE-MIER CEO CONFIDENCE INDEXVistage Malaysia has been conducting the Confidence Index since 2nd quarter 2003. Effective 4th quarter 2005, Vistage Malaysia

entered into a strategic alliance with the Malaysian Institute of Economic Research (MIER) to co-brand the Confidence Index under a joint effort known as the VISTAGE-MIER CEO Confidence Index.

Vistage Malaysiaí s membership comprises businesses and companies with annual sales between RM5 million to RM1 billion. Today, it has more than 400 members in more than 65 different businesses. The opinions of these CEOs provide a clear snapshot of their current economic market as well as industry trends and their plans for growth over the next 12 months.

The VISTAGE-MIER Index is a compilation of responses from these Vistage Malaysia CEOs, of whom 70% are small to medium sized companies and is the only comprehensive report of their opinions and projection. These insights provide a leading indicator for employment, capital expenditure, sales and revenue trends. Each quarter, Vistage International polls its membership in Malaysia, United States, Canada, United Kingdom and Australia.

ABOUT VISTAGE INTERNATIONAL, VISTAGE MALAYSIA AND MIERFounded in 1957, Vistage International (www.vistage.com) provides business leaders with tools to outperform both the competition and their own goals. The comprehensive toolset includes peer-group sessions and one-on-one executive coaching for the sharing of best practices and opportunities to seek confidential help in critical situations.

Vistageí s professional development model also includes access to world-class business experts, and a global community of more than 16,000 members. Vistage member companies have revenues between US$1 million and US$1 billion, and combined have a total of more than US$300 billion in annual sales and more than 3.1 million employees. They outperform the Fortune 500, the S&P 500 and the 14 million companies in the ARC Analytics database. In addition, Vistage member companies grow, on average, 2.5 times faster than they did prior to joining Vistage.

Vistage Malaysia has offices in Kuala Lumpur (603-22842199), Penang (604-6426799) and Singapore (65-63398505).

MIER is an independent, private, non-profit organization, devoted to economic, financial, and business research that would serve as a think-tank for the government and the private sector. It is committed to serve the government and private sectors as well as the public at large by providing an objective and impartial understanding of socio-economic issues of national, regional and global importance.

CONFiDENCE REMAiNS LOW

Click here to read the full reporthttp://www.vistage.com.my/ceo-confidence-index/

http://www.vistage.com.my/ceo-confidence-index/



Not Ready for gStThis quarter’s survey re-sults suggest that Malay-sian companies are gen-erally still not prepared for the implementation of GST. When asked about their company’s level of pre-paredness, only 7%of re-sponding CEOs indicated that they are “all ready to go”whileasignificant61%indicated “no action taken yet.”

Salary Increment & bonusOn salary increments for managerial staff, 45% of

CEOs project to pay 5%andbelowwhile44%proj-ecttopay>5-10%.Forthenon-managerial staff, 41%ofCEOsprojecttopay5%andbelow,while46%proj-ecttopay>5-10%.

On bonus payout for managerial staff, only 4%project to pay >4-6 months while the majority 41%project to pay >1-2 months for their managerial staff. For non-managerial staff, only1%projecttopay>4-6months and the majority 46% project to pay >1-2months.

Vistage ValuesIn this survey, CEOS were asked to reflecton Vistage’s mission of increasing effectiveness and enhancing lives and then to pick from a list of attributes espoused by Vistage that they have developed in themselves. Survey results suggest that Vistage members have been quite successful in their self-improvement efforts, particularly in strategic thinking skills (94%), leadership skills(91%), and increasedwillingness to empower people(91%).

Congratulations to the following groups that achieved an average response rate of 90% for ALL foUR quarters of the 2012 Index survey to qualify for the 2012 Vistage-MieR Ceo index Achievement Award.

2012 Index Award Gift of a “Multipurpose Power Bank” to the following groupsthatqualifiedfortheIndex Award for > 5 years consecutively:

VCE-16VEE-4VEE-12

2012 Index Award Gift of an “International Travel Adapter” to the following groups that qualified forthe Index Award in 2012:

VCE-1VCE-8VCE-18VCE-22VCE-26VEE-10VEE-15VEE-37

2012 Vistage-MiER CEO index Achievement Awards

KEY-4KEY-6KEY-8KEY-11KEY-12

Documents

Think BIG, Dream BIG & Achieve BIG...Sdn Bhd • darren khoo, COO, iDimensions Consolidated Bhd • Nuraslina Zainal abidin, Group Managing Director, Genaxis Sdn Bhd • prasad Rajan,