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The sustainability agenda in the Malaysian capital market is developing quickly through a combination of corporate conscience, stakeholder pressure and government policies, said Bursa Malaysia's Chief Regulatory Officer, Selvarany Rasiah. She emphasised that the Ex-change fully supports business sustainability efforts for the immense value it brings and that the Malaysian market currently adopts a hybrid approach which is a combination of volunta-ry practices and mandatory disclosures in the Listing Requirements.
Speaking at a panel session "Finding the Best Balance between Exchange-led Initiatives and Regulation" at UNCTAD's World Investment Forum 2010 in Xianmen, China on 8 September 2010, Selvarany said Bursa Malaysia strives to raise the bar in terms of practices and reporting on sustainability practices of listed companies.
In line with Bursa Malaysia's aim of enhancing market quality, the Exchange will be introducing a Sustainability Guide and knowledge portal before the end of the year with the aim of providing guidance and clarity to directors of listed companies in managing and integrating environmental, social and governance issues in creating more sustainable businesses. These efforts will be coupled with education and awareness programmes for Malaysian directors. Selvarany added that the sustainability guide and portal are part of the Exchange's continuous efforts to enhance the competitiveness and attractiveness of Bursa Malaysia as a listing and investment destination.
