September 9, 2009

Bursa engages with directors to elevate corporate governance

Written by Nadia S Hassan
Tuesday, 08 September 2009 22:33

KUALA LUMPUR: Bursa Malaysia has reaffirmed its commitment to elevating the level of corporate governance in the corporate sector through its regularly held directors forum.

At the most recently held forum, the third in the series, there was active discourse between 80 company directors and the regulator, it said in a statement today.

"This forum is part of a series of initiatives that we have been undertaking on a consistent basis to enhance standards of corporate governance through increasing awareness via direct engagement with directors," said Bursa's chief regulatory officer Selvarany Rasiah.

Selvarany. Photo by Chu Juck Seng
"This is also a platform for Bursa to emphasise and highlight key governance issues as well as provide an avenue for a two-way dialogue with a view to elevate and strengthen corporate governance standards."

Among the key issues highlighted during the forum was the effectiveness of the board of directors, audit committee and independent directors. In addition, emphasis was also made on directors' understanding of their obligations and effective risk management strategies.

"Good governance should be used as a means to enhance business growth and sustainability. It should not be seen as a stumbling block to the success of the corporate mission," said Selvarany.

The forum also emphasised the important roles that boards of directors play in implanting fundamental values of transparency, accountability and responsibility through good governance in their business process and practices. Bursa added that it would continue to engage with directors of listed companies in an effort to promote high standards of corporate governance.

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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