Bursa Malaysia seeking public feedback

The bourse has proposed to encourage board renewal and enhance independence by limiting the tenure of an independent director to not more than a cumulative period of 12 years from the date of the first appointment.

KUALA LUMPUR: Bursa Malaysia Bhd is seeking public feedback on the proposed amendments to the Main Market and ACE Market listing requirements in relation to director appointment and independence.

The bourse has proposed to encourage board renewal and enhance independence by limiting the tenure of an independent director to not more than a cumulative period of 12 years from the date of the first appointment.