Bridge over ocean
1 September 2021 Comment Letter

Bursa Malaysia Consultation on Director Appointment and Independence

Response by CFA Institute and CFA Society Malaysia

  1. Mary Leung, CFA
  2. Piotr Karasinski
  3. Sivananth Ramachandran, CFA, CIPM
  4. Justin Ong, CFA

CFA Institute and CFA Society Malaysia respond to Bursa Malaysia’s consultation on proposed amendments to listing requirements related to director appointment and independence.

CFA Institute and CFA Society Malaysia provide a joint response to the Consultation Paper No.1/2021:  Proposed Amendments to the Main Market and ACE Market Listing Requirements in Relation to Director Appointment and Independence, issued by Bursa Malaysia on 21 July 2021.

We consider improving corporate governance standards an essential part of our advocacy efforts. Board independence is one of the cornerstones of corporate governance, and we support regulators’ continued focus on enhancing the effectiveness and raising the standards of independent directors.

We acknowledge the effort to strengthen the independence of directors, but we also stress that it is also important to have a holistic view of the proposed reforms as a package and to consider how individual elements, such as maximum tenure and the cooling- off period, would fit into the broader picture.
View Comment Letter

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.