Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today issued a consultation paper seeking public feedback on the proposed amendments to the Main Market and ACE Market Listing Requirements (collectively “Listing Requirements”) in relation to director appointment and independence.
Good governance, leadership continuity and board independence continue to be key focus areas among stakeholders and regulators. The Covid-19 pandemic also highlighted the need for boards to continuously assess composition as well as structure to ensure that they are fit for purpose in the new normal. In this light, the emphasis is now centred on director tenure, quality and integrity since these are essential to board effectiveness.
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