08.
From right: CEMACS Director and SCRP Council Member Prof. Dato' Dr. Aileen Tan Shau Hwai, SCRP Treasurer Nurhafiza Shahabudin and SCRP President Winston Peng.
CEMACS MARINE SUSTAINABILITY
SCRP made a field visit to the Centre for Marine and Coastal Studies (CEMACS), a research centre of Universiti Sains Malaysia (USM) at Teluk Bahang on the north-western coast of Penang. CEMACS focuses on marine science, coastal ecosystem conservation, aquaculture and marine biodiversity. It sits beside Penang National Park, a core area of the UNESCO-recognised Penang Hill Biosphere Reserve. CEMACS was led by SCRP Council member Prof. Dato' Dr. Aileen Tan until her retirement in November 2025. Under her leadership, it grew into a world-class marine research centre that regularly hosts scientific delegations from around the world, particularly from the EU.
07.
Council Meet @ Glasshouse Seputeh
SCRP's annual Council meet is an informal gathering to explore how enterprise risk management can connect with scientific and technical disciplines. Ir. Prof. Dato' Dr. Ewe Hong Tat, who holds a master's degree in computer science from the Massachusetts Institute of Technology (MIT), has inspired SCRP's founders since 2010 in cybernetics, pattern recognition and neural networks. Prof. Dr. Yeah Kim Leng, one of Malaysia's leading economists, has been a founding committee member of SCRP since 2017. Datin Paduka Dr. Khatijah Yusof, former Deputy Secretary General of the Ministry of Science, Technology and Innovation (MOSTI), has been an early supporter of SCRP.
Also in the photo: Brian Wong of EY, Dr. Andrew Kam of UKM, Datuk Dr. Noraieni Mokhtar, Prof. Emeritus Dato' Dr. Mazlin Mokhtar and Prof. Emeritus Dr. Tham Siew Yean.
06.
SCRP in Parliament. Winston Peng and Brian Wong of SCRP with Malaysia's Parliamentary Select Committee on the Budget: Chairman Datuk Seri Mustapa Mohamad and MP for Bandar Kuching YB Dr. Kelvin Yii.
Gig Economy @ Parliament
SCRP was among the early advocates for the gig economy. It recognised that work was becoming more independent and decentralised, and that technology platforms left independent contractors unprotected. Because of its earlier work on the Ministry of Finance's National Regulatory Sandbox and MPC's National Policy on the Development and Implementation of Regulations, SCRP was tasked with the early operational conceptualisation. SCRP was invited to Parliament by Committee member YB Dr. Kelvin Yii and Datuk Seri Mustapa Mohamad, former Economic Minister and Chairman of the Parliamentary Select Committee on Budget. Dr. Yii later became Political Secretary to Human Resources Minister YB Steven Sim, who tabled the Gig Workers Bill in August 2025. The Dewan Rakyat passed it later that month.
05.
Risk Management for Regulators
SCRP was invited by the Malaysia Productivity Corporation (MPC) to support its regulatory reform agenda. MPC engaged our then President, Winston Peng, to conduct a two-day seminar on Risk Management for Government Regulators at the Seri Pacific Hotel, Kuala Lumpur. Over 200 regulators from across Malaysia's ministries attended. The seminar was based on MPC's Risk-Based Analysis on Enforcement and Inspection Handbook, written by Mr. Peng. It guided regulators in applying risk-based enforcement and inspection to non-tariff measures (NTMs).
Winston Peng and Dato' Razali Hussain, former Director General of MPC, prior to his retirement in 2019.
04.
Winston Peng (President) and Tan Eng Hoo (MyTRIZ president) hosted TRIZ Master Dr. Sergei Ikovenko. Risk Innovation Leadership Huddle 2019
Risk-Innovation Leadership Huddle
SCRP believes that enterprise risk managers should extend their role beyond identifying and assessing risks to actively faciliate in solving them. To explore structured innovation methods, SCRP held a Leadership Huddle in Kuala Lumpur with Dr. Sergei Ikovenko—a global TRIZ Master with over 100 patents who has transformed many leading multinational companies. TRIZ, the Theory of Inventive Problem Solving, addresses challenges through 39 conflicting attributes and 40 inventive principles, offering a systematic framework for risk managers to drive innovation and practical solutions within organisations.
03.
National Regulatory Sandbox
Building on its earlier initiatives, SCRP was mandated under the National Regulatory Sandbox to lead the Ministry of Health’s Online Healthcare track—an emerging sustainability risk where regulation lagged behind technology. The Sandbox aimed to bridge this pacing problem by reviewing 17 outdated healthcare laws, including PHFSA Act 586, which restricted telehealth and home-based care. Through five sessions with MOH regulators, SCRP produced a reform proposal and budget later approved under the National Budget 2019 to modernise Malaysia’s digital healthcare framework.
Winston Peng of SCRP, leading the Online Healthcare Sandbox for Ministry of Health, with officers from the Policy and Regulatory division.
02.
Participants for the 3-day Sustainability Roundtable on Biosphere organised by SCRP. Venue: AIAC, Bangunan Sulaiman, Kuala Lumpur. Nov 2018.
Sustainability Roundtable on Biosphere
Building on its early momentum, SCRP advanced from national fiscal issues to Malaysia’s emerging sustainability agenda—barely three years after the Paris Agreement and before most institutions recognised its urgency. True to its role as a society unafraid of complex risks, SCRP convened a three-day expert roundtable bringing together leading environmental experts, energy executives, rating agencies, regulators, and NGOs. The event bridged sustainability and enterprise risk management, positioning SCRP as an early mover in integrating these critical domains.
01.
SST Expert Roundtable
In August 2018, SCRP entered the scene by addressing the most pressing issue among the business community—the government’s reversal from GST to SST after just 3 years. While most remained silent under statutory constraints, SCRP convened the SST Roundtable for experts to share their views. The Malaysian Institute of Accountants was invited, though all attended privately. Findings were submitted to Minister of Finance's office under the SCRP banner. With the political climate now settled, we can acknowledge the initiative and that the experts’ concerns proved well-founded.
Dr. Veerinderjeet Singh, Dr. Yeah Kim Leng, Winston Peng and Nurhafiza Shahabudin at the high-powered SST Roundtable organised by SCRP.