SC issues new guidelines on conduct of directors

Chairman Datuk Syed Zaid Albar (pic) said the new guidelines took into account the evolving Malaysian corporate governance landscape, lessons learnt from the SC’s regulatory work in enforcing corporate governance breaches and the need to ensure the country’s framework remained relevant and effective.

KUALA LUMPUR: The Securities Commission has issued new guidelines on conduct of directors of listed companies and their subsidiaries to strengthen board governance and oversight in listed issuers and their subsidiaries.

Chairman Datuk Syed Zaid Albar said the new guidelines took into account the evolving Malaysian corporate governance landscape, lessons learnt from the SC’s regulatory work in enforcing corporate governance breaches and the need to ensure the country’s framework remained relevant and effective.