KINIBIZ Deterrence is a concept Tiger learned early in his life - a solo predator can hardly stay fed or even alive if it does not quickly learn what it should and should not in the jungle.

So when the Securities Commission (SC) announced fines on Ranhill Energy and Resources (Ranhill) as well as on its president and chief executive officer Hamdan Mohamad last week, Tiger could not help but wonder whether the action will deter future misdemeanours.

To recap, the action was taken after SC found that they failed to immediately disclose the suspension of the licence issued by Petroliam Nasional (Petronas) to Perunding Ranhill Worley Sdn Bhd (PRW), on which Ranhill depends for Petronas contracts.

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This article was written by Khairie Hisyam.