Universiti Teknologi MARA (UiTM) and Companies Commission of Malaysia (CCM) will formalise their collaboration soon. A Memorandum of Understanding (MoU) and a Non-Disclosure Agreement (NDA) are scheduled to be signed by both parties on 18th June 2013 at UiTM. In principle, CCM has agreed to engage the Accounting Research Institute (ARI) to undertake a research project on the Governance of Non-Profit Organisations (NPO) in Malaysia. The preliminary focus of this project will be on those NPOs that are currently registered with CCM. Globally, NPO is a huge sector. In fact, in many developed countries such as the US and UK, the NPO sector has been recognised as a "third sector" after the "public sector" and the "private sector". If strategically governed, NPOs have the potential to contribute significantly to nation building. Today, three officers from CCM came to ARI office to finalise the documents and to discuss the signing event.
