Tricor continues to support the digitalisation of Corporate Malaysia

KUALA LUMPUR 15 April - Tricor Services Malaysia Sdn Bhd (Tricor Malaysia), the leading provider of company secretarial services in the country, continues to spearhead the digital transformation of Corporate Malaysia in order to help clients circumvent the pervasive disruptions of COVID-19.

The business landscape is continually evolving, especially when it comes to emerging needs in digitalization and technology implementation. Recognising this paradigm shift, parent company Hong-Kong-based Tricor Group embarked on a full-spectrum digital strategy in 2020, by working with technology companies to better serve corporate clients in a fast, uncertain COVID-19 global environment.

Tricor Group is well-positioned to continuously innovate, create value and improve client experiences. Through strategic investment and structured deployment of technology, Tricor will bolster its role as the leading business expansion firm in Asia Pacific.

Tricor Group, as Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, has the first market advantage to deliver a digital AGM platform to help listed corporate clients navigate the pandemic.

“The business world has moved on from the days of rubber-stamp boards and traditional hard-copy forms. There are now high expectations for corporate governance frameworks to deliver value, efficiency,  transparency, ethics and competitive advantages. Any company that tries to meet these expectations with traditional paper-based workflows will quickly be left behind,” Tricor Malaysia CEO and Managing Director Yeap Kok Leong said.

In line with this, Tricor Malaysia has unveiled Boardfolio, a critical digital tool for local corporations to seamlessly and safely manage critical activities of corporate boards on a secure, private cloud-based
platform.

Tricor Boardfolio allows corporate boards to seamlessly and virtually collaborate ensuring all documentation and sensitive data are securely accessible and protected.

“Boardfolio is a game changer for the industry as it completely cuts out the manual compilation and
distribution of board papers for a completely paperless environment and most importantly it is secure under encrypted digital layers of security,” Annie Wong, Senior Executive Director – Head of Company Secretary of Tricor Malaysia added.

The platform benefits board members as well as company secretaries as it eliminates multiple versions of documents, captures all minutes, board papers - past and present, manages the many diverse responsibilities of board members and most vitally, helps approve and sign board resolutions anywhere, anytime using Tricor’s secure digital signatures.

Sharing board-level information through channels such as email attachments, printouts and cloud
storage solutions exposes organisations to security risks but with Boardfolio, these risks are eliminated.

Tricor Malaysia recently also signed a collaborative agreement with MSC Trustgate.com Sdn Bhd (MSC Trustgate), a licensed certification authority by Malaysian Communications and Multimedia Commission (MCMC) to support the Tricor digital signature platform that enables the use of digital signature across its internal processes and for clients.

Digital signatures are built based on Public Key Infrastructure (PKI), which use mathematical algorithms to generate a unique "digital fingerprint" that is embedded in a document.

Digital signatures offer three key benefits in document signing, namely authenticity (it validates who signed the document), integrity (it is proof that the document has not been tampered with), and non-repudiation (it is legally binding and admissible in court).

This is not Tricor Malaysia’s first foray into the digital space; the company also operates TIIH Online to
digitalize the management of submission of documents and payment of subscriptions to share entitlements.

TIIH Online is a proprietary application designed to help meet corporations’ investor services needs through digitalization in support of the Government’s vision as outlined in the Fourth Industrial Revolution. - DagangNews.com