ICDM calls for board remunerations to be raised

Institute of Corporate Directors Malaysia president and CEO Michele Kythe Lim.

PETALING JAYA: The Institute of Corporate Directors Malaysia (ICDM) says the remunerations paid to independent directors by corporations in Malaysia have rooms to improve to attract quality candidates required in this dynamic time.

While disclosures of remunerations remain inconsistent, the ICDM said it was imperative for boards to evaluate their effectiveness, as well as shift their strategic priorities to address key challenges presented by the business environment.