IRM to expand Malaysia AI governance partnership after Penang meeting

The Institute of Risk Management met Penang Deputy Chief Minister II YB Jagdeep Singh Deo in London to discuss AI governance, resilience and skills development tied to Malaysia’s technology ambitions. IRM will visit Penang and join the AI Horizon event in October as it deepens its ASEAN footprint from Kuala Lumpur.

Why it matters: - Malaysia is pushing to grow as a hub for artificial intelligence, advanced manufacturing and semiconductor innovation. - Professional risk management is becoming more important as organizations adopt AI and other emerging technologies. - The discussions point to a broader effort to pair innovation with governance, resilience and workforce skills.

What happened: - The Institute of Risk Management met YB Jagdeep Singh Deo, Deputy Chief Minister II of Penang, in London. - The meeting included IRM Chair Stephen Sidebottom, Chief Executive Dr Ian Livsey and Commercial Director Sarah Atkins. - The parties discussed how risk management can support Malaysia’s technology ambitions and AI adoption. - IRM agreed to visit Penang and take part in the AI Horizon event in October.

The details: - The conversation focused on AI governance, operational resilience and the professional skills needed for Malaysia’s innovation agenda. - The meeting also covered collaboration between government, academia and industry. - The goal is to build future-ready capability through internationally recognized education and certification in AI Risk Management, Operational Risk and Enterprise Risk Management. - YB Jagdeep Singh Deo’s portfolio includes Human Capital, Science, Technology and Innovation. - Penang is strengthening its position as one of Asia’s leading technology and semiconductor hubs. - IRM recently established IRM Asia Sdn Bhd in Kuala Lumpur as its regional hub for ASEAN. - The Kuala Lumpur hub supports partnerships, professional education and HRD Corp-funded training across Malaysia. - IRM’s wider Asia work is aimed at developing skills, governance and risk capability for responsible AI adoption and sustainable economic growth. - IRM is the leading professional body for enterprise risk management. - The organization offers internationally recognized qualifications, professional training, membership, thought leadership and advisory services. - IRM is expanding across Asia through partnerships with governments, industry and academia. - IRM’s social media presence includes its LinkedIn page.

Between the lines: - The meeting shows that AI strategy is moving beyond technology deployment and into questions of oversight and trust. - Penang’s semiconductor and technology base makes it a logical place for IRM to build relationships around risk and governance. - The Kuala Lumpur hub gives IRM a concrete platform to turn policy discussions into training and professional development across the region.

What's next: - IRM will travel to Penang. - IRM will participate in the AI Horizon event in October. - Future work is expected to focus on responsible AI adoption, governance and professional capability. - IRM will continue building partnerships across Malaysia and the wider ASEAN region.