MDEC appoints head of corporate secretarial with mandate to strengthen operational capabilities
By Digital News Asia February 17, 2021
- Norazidah Mohd Nor was ex-director of Group Company Secretarial at CIMB
- Leads mgmt administration & internal integration to drive ‘Reinvent’ agenda
The Malaysia Digital Economy Corporation (MDEC) has appointed Norazidah Mohd Nor (pic) as its new Corporate Secretarial director. Bringing extensive experience in legal and corporate advisory from both private and public sectors, she will develop and implement new operational efficiencies that will raise MDEC’s corporate governance and management administration.
In her new role, Norazidah will be developing and implementing corporate secretarial processes and strategies for internal integration to improve management capabilities. This is also in line with the “Input, Output, Outcome & Impact (IOOI) Valuation Metrics” that MDEC recently introduced into its planning process to guide resource allocation and utilisation, as well as effectively measure the organisation’s socio-economic contribution to society.
Prior to MDEC, Norazidah was the Director of Group Company Secretarial at CIMB Bank Bhd. Her primary responsibilities include leading statutory compliance and regulatory management; overseeing the company’s adherence to Bursa Malaysia and Bank Negara regulations; and keeping the Board of Directors informed of their legal responsibilities, while ensuring that their decisions are implemented.
CIMB aside, she also had stints at AVOCET Mining Malaysia OHQ, Petronas, Putrajaya Leisures & Services Group, and Unit Peneraju Agenda Bumiputera (Teraju) – where she worked on various contract negotiations. This mostly consist of risk management, sales and purchasing, corporate acquisitions and developing regulatory articles for public use. Her notable achievements include creating and establishing corporate governance mechanism and structure for organisations she worked in as legal counsel.
“I am both honoured and excited to be part of a dynamic team charged with leading Malaysia into the 4IR. Having worked in various positions within the financial services sector; oil and gas; and mining, coming into MDEC to develop new processes and strategies for corporate governance, as well as management administrations is a welcome challenge. I look forward to working with the team at MDEC as part of the agency’s ongoing pursuit to ensure that the digital economy is for all,” said Norazidah.
“We aim to continuously attract innovative and forward-thinking talent. Their fresh perspectives are crucial for us to deliver on our mission to create shared prosperity for the many as we strive towards achieving Malaysia 5.0. Norazidah’s appointment will enable us to streamline our internal capabilities as we continue to reinvent our business operations. This includes introducing best practices that will enhance our corporate secretarial processes,” said Dr Rais Hussin Mohamed Ariff, Chairman of MDEC.
“Our new line-up of strong leaders is aligned with MDEC’s ‘Reinvent’ agenda as it further accelerates the nation’s leap to embrace the Fourth Industrial Revolution (4IR). This is key as we drive high impact digital outreach for the society and economy. I am very happy to have Norazidah to be part of our team. She has a proven track record in capabilities that are required to administer operational processes, from strategy to implementation, given her extensive experience within international and local companies. Her expertise and experiences will positively impact MDEC, enabling us to fulfil the nation’s digital-first vision,” says Surina Shukri (pic), CEO, MDEC.
The digital economy is expected to continue its significant contribution to the country this year, based on an estimated 20% contribution to the GDP in 2020 by the Department of Statistics Malaysia, following a forecast of 6.7% economic growth for 2021 by the World Bank.