Bursa chairman’s position revoked over governance issues

PETALING JAYA: Datuk Shireen Ann Zaharah Muhiudeen has been removed from her position as Bursa Malaysia chairman over governance issues.

The Securities Commission (SC) said the power to appoint and remove a public interest director and chairman of Bursa Malaysia Bhd rests with the Finance Minister, as provided for in the Capital Markets and Services Act 2007 (CMSA).