On 30 July 2020, The Securities Commission Malaysia issued new Guidelines on Conduct of Directors of Listed Issuers and Their Subsidiaries (“Guidelines”) to strengthen board governance and oversight in listed issuers and their subsidiaries.
The Guidelines set out guidance on duties and responsibilities of boards in company group structures and requirements for the establishment of a group-wide framework to enable, among others, oversight of group performance and the implementation of corporate governance policies.
Our Governance & Sustainability professionals have summarized the salient features of the Guidelines to better assist in your understanding of these new regulations.
Should you have any questions or require further clarification, please do not hesitate to email or contact the following professionals:
