ICDM to enhance the professionalism and effectiveness of corporate directors


KUALA LUMPUR: The Institute of Corporate Directors Malaysia (ICDM), a dedicated body established by the Securities Commission Malaysia (SC) to enhance the professionalism and effectiveness of corporate directors in Malaysia, has been launched today by Minister of Finance Lim Guan Eng.


Formed by directors for the benefit of directors, ICDM’s main objectives are to promote excellence, integrity, and the highest levels of skills and professional competence among corporate directors in Malaysia.


In addition, ICDM shall represent the interests of its members, and advocate the adoption and application of corporate governance practices.


Under the leadership of its inaugural board led by Tan Sri Zarinah Anwar and a professional management team, ICDM will focus on building a sustainable pipeline of directors through education programmes that equip directors with essential skills to serve on listed boards.


ICDM also maintains a directors’ registry to provide director-sourcing services to companies so that succession planning is competency-based.


“Recognising that better boards will create better values, the establishment of ICDM will add to the already rich and diverse corporate governance ecosystem to enhance director effectiveness and board leadership in Malaysia,” said SC chairman Tan Sri Ranjit Ajit Singh.


The establishment of ICDM was spearheaded by the SC as part of its Corporate Governance Strategic Priorities (2017-2020), and is also supported by Bank Negara Malaysia and Bursa Malaysia.


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

ICDM

   

Next In Business News

Lucid to start deliveries of electric cars with range exceeding Tesla's in October
Saudi launches $13 bln plan to turn coastal region into tourism hub
Brent oil dips after topping US$80 a barrel, highest in nearly three years
BlackRock says it is dipping its toes back in to China after rout
GLOBAL MARKETS-Stocks fall, bond yields jump as rate hikes loom
Vote of confidence
Indonesia’s massive 2022 budget gets key approval
12MP: No short-term market excitement
PAAB may face cash flow deficit of up to RM235mil
China's power crunch dwarfs Evergrande's troubles in investors' eyes

Stories You'll Enjoy


Vouchers