KLSE would like to express its concern that the document obtained by Business Times is private and confidential. The KLSE did not authorise the release of such documents for external circulation.
KLSE would like to emphasise that issues and matters in relating to the demutualisation and listing of the Exchange have thus far been formulated only for internal discussions and deliberations, prior to submission to the relevant authorities. The proposal for demutualisation and listing of the exchange has not been presented, approved or endorsed by the authorities. As such it is irresponsible and inaccurate for the article to presume definitive positions with regards to the demutualisation and listing of the exchange.
KLSE would also like to stress that corporate governance practices, transparency and public interest policy issues are imperative and shall form essential elements in the framework for demutualisation and listing of the exchange, and to ensure investors' confidence. If listed, KLSE would also be subjected to rules and regulations which are aimed towards upholding good governance practices and establish the framework for public interest policy, whilst adopting international best practices where relevant.
Given the stage at which the proposed demutualisation of KLSE is currently at, any conjecture in respect of its governance structure is highly speculative and premature.
