Program Description

On 18 June 2020, Wirecard announced that nearly 2 billion euros were missing from the company’s accounts. The sum amounted to all the profits that Wirecard had ever reported as a public company. There were only two possibilities: the money had been stolen, or it had never existed.

Presenting this course is Pav Gill, Wirecard’s former head of legal for the Asia-Pacific region, who uncovered the fraud and blew the whistle on the company resulting in the largest fraud in German, and much of European history. 

Participants will be exposed to a whistleblower and senior executive’s perspective. They will learn about the background of Wirecard, the allegations of fraud and financial misconduct that surfaced, the investigation and legal proceedings that followed, and the impact of the scandal on customers and stakeholders. They will be exposed to real life examples of how certain executives manipulated company accounts that led to Wirecard being valued at over 24 billion euros on the prestigious German DAX index – larger than both Deutsche Bank and Commerzbank combined. 

The program will also examine the lessons learnt and reforms implemented in the wake of the Wirecard scandal, the importance of implementing effective whistleblowing structures (both internal and external), and how companies can foster a ‘speak-up’ culture which is critical in boosting investor, employee and customer confidence.

What Will You Learn

• Learn first-hand and hear an in-person account of how poor control structures resulted in one of Europe’s largest financial scandals 
• Apply lessons learnt from the scandal in undertaking a gap analysis of their existing business structures, control functions, and practices
• Understand the importance of fostering a speak-up culture and ways to implement it
• Understand concepts of various whistleblowing tools available and the laws which apply to their businesses within the territory or extra-territoriality
• Obtain a deeper understanding of their current functions as executives in an organization

The Program Includes

Speaker's Profile : Pav Gill

Pav Gill has extensive experience in financial services laws and is senior counsel specialising in fintech, payments, and digital assets. He has held various senior roles at global start-ups, tech unicorns, and listed MNCs, advising C-suite executives on market expansions, licence applications, international regulatory compliance, the implementation of purpose-driven leadership, and ethical corporate governance structures. He is probably best known for being the person that exposed Wirecard – Germany’s largest financial scandal.

Requirement

Registration Fee:   (GLCs / Private Sector ) RM 950 Inclusive of SST