The Accounting Research Institute (ARI) and Companies Commission of Malaysia (CCM) signed a Memorandum of Understanding (MOU) today. The MOU allows a collaborative research on non-profit organisations (NPO) governance. Globally, especially in developed countries such as USA and United Kingdom, NPO has been considered as a "third sector". Generally, NPO plays a key role in a country's development through social contributions, such as human rights, health, education and other critical social needs. The MOU was signed by SSM Chief Executive Officer Mohd Naim Darwish and UiTM Vice Chancellor Tan Sri Dato' Sri Professor Ir Dr Sahol Hamid Abu Bakar. The event was witnessed by Deputy Domestic Trade and Consumer Affairs Minister Datuk Ahmad Bashah Md Hanipah.
