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Executive Chairman of KLSE Dato' Mohd Azlan Hashim said the establishment of the taskforce will further facilitate the practice of good corporate disclosure in line with the KLSE Listing Requirements and relevant securities laws.
"The establishment of this task force is to provide further guidance for industry participants to develop relevant policies and procedures with the objective of promoting best practices in corporate disclosure.
"This means in addition to being compliant with requirements and laws, industry participants would be guided to move a step further by integrating corporate disclosure best practices as part of their business culture," he said.
Members of the taskforce include representatives from established industry associations and professional bodies as well as companies listed on the KLSE. The taskforce will be chaired by Datuk Oh Chong Peng, the Chairman of RHB Management Co Sdn Bhd. The other members of the Taskforce are as follows:-
- Association of Merchant Banks in Malaysia ·
- Federation of Public Listed Companies Bhd
- Malaysian Association of Asset Managers
- Malaysian Institute of Accountants
- Malaysian Institute of Certified Public Accountants
- Malaysian Institute of Corporate Governance
- Malaysian Association of the Institute of Chartered Secretaries and Administrators·
- Mr Lee Siang Chin, Chairman of Surf88.com Sdn Bhd·
- Ms Lim Chew Yan, Corporate Finance Director/Group Legal Counsel of Hong Leong Group·
- Ms Nancy Yeoh Poh Yew, Group Secretary of Sime Darby Group
- Mr Yeoh Keat Seng, Chief Executive Officer of Commerce Trust Bhd
Mohd Azlan said it is important that members of the taskforce comprise industry participants.
"Industry participants would be in the best position to develop policies and practices that would meet disclosure obligations without hampering business growth and operations.
"The feedback, recommendations and support of industry participants will certainly reinforce KLSE's regulatory role to deter the wrong without impeding the beneficial," Mohd Azlan added.
A key responsibility of the taskforce is to develop and issue a guidance on corporate disclosure best practices in consultation with industry and market participants to ensure a broad spectrum of interest is represented.
