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YAM Tunku Tan Sri Imran ibni Almarhum Tuanku Ja’afar briefing the media on the OCM Trust Fun, with Y.Bhg. Tan Sri Dato’ Dr. M. Jegathesan and Y.Bhg. Datuk Seri Azman Ujang.
Proud moment for OCM with Trust Fund ceremony

05 Aug 2010
The President of the Olympic Council of Malaysia, YAM Tunku Tan Sri Imran ibni Almarhum Tuanku Ja’afar, has described the setting up of the OCM Trust Fund as a proud and historical moment for the Olympic Movement in Malaysia. The signing ceremony of the Trust Fund Deed took place on Tuesday, August 3, at Wisma OCM. He added that the Trust Fund was a result of years of hard work, prudent expenditure, thriftiness and proper management of OCM’s finances.

He said that the Trust Management Committee, with three well-known independent members and three senior office bearers of the OCM, was formed to ensure proper and transparent management of the Fund.

The next step for the Trust Management Committee is to draw up the guidelines for the management, administration and the disbursement of the Trust Fund for the approval of the OCM Executive Council. Once the guidelines are approved and the Trust Fund is in operation, disbursement of funds could commence.

The OCM Trust Fund was established and the Trust Deed approved at the 153rd OCM Council Meeting on July 25, 2009. It came about following the significant increase in OCM revenue and assets and has several objectives, including the promotion and development of sport, funding for athletes to train and to compete at national, regional and international level, assisting sports associations to stage events, and to preserve the Trust Fund and safeguard from unauthorised spending.
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