Tenure limit of independent directors set at 12 years

Bursa Malaysia CEO Datuk Muhamad Umar Swift

KUALA LUMPUR: The tenure of an independent director on the boards of Bursa Malaysia-listed companies will be limited to 12 years, according to Bursa Malaysia.

Bursa Malaysia has announced the enhanced requirements in the Main and ACE Market Listing Requirements, aimed at further strengthening board independence, quality and diversity.

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Bursa Malaysia , listing requirement , independent directors

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