At the recent 24th MACP AGM, all the 3 retiring directors, Pn Habsah Hassan, Ad Samad and Ms Jackie Poh were re-elected uncontested as Directors for another 2 years. Other matters in the agenda which were approved included the adoption of the audited financial statements for the year ended 31 December 2013 and the reappointment of Messrs Ernst & Young as auditors of the company.

Before the adoption of the audited financial statements, The Chairman, Pn Habsah briefed the members on the financial performance of the Company for the year 2013; which recorded a 10% growth in its’ revenue over the previous year to touch RM50 million; with an excess income before tax of RM45.8 million.

Pn Habsah Hassan, MACP Chairman also updated members on the company’s activities during the year under review; which included new members’ briefing on 14 March 2013 and 20 June 2013 and a special briefing for members conducted in the Chinese language on the Documentation & Distribution processes of the Company on 16 November 2013.

The annual composers’ workshop, “Cipta Ekspres” was successfully held in April 2013. And for the first time, a friendly sports tournament was organised in October 2013 which was participated by representatives from the print and electronic media, Astro and Media Prima Group, artistes from Karyawan and MACP members in futsal, netball, table tennis and badminton.

The year culminated with the MACP’s Awards Nite on 24 November 2013; graced by Guest-of-Honour, YB Dato Seri Ahmad Shabery Cheek, Minister of Communications & Multimedia of Malaysia and members of the media, licensees and members of MACP.

Pn Habsah also informed that MACP’s membership now stood at 3,312 with 3,185 composers and 127 publishing members. Members were also updated on their benefits; which were reviewed by MACP’s Board annually, taking into consideration the increasing membership year-on-year.

She then briefed members on the upcoming activities for this year and new developments affecting the Company. The Chairman voiced her concerns on the challenges the Company was facing with the confusion amongst music users due to 4 Licensing Bodies collecting royalties. With the increase in costs for playing music, more music users have defaulted in the payment of fees to MACP and that the impact will be more significant next year when GST is enforced.

The Company’s Articles and Association will undergo a review and amongst others, there will be an amendment to allow for only local publishers to elect for their representatives on the Board. An AGM will be held by the middle of next year for the necessary amendments in the Articles to be effective immediately thereafter.

Members were also informed that MACP will be fully implementing e-payment of royalties in its forthcoming distribution and the meeting ended in a happy note when Pn Habsah announced that the Company will distribute its royalties slightly earlier, in time for members to celebrate Hari Raya Aidilfitri this year!