Proposed amendments will require directors and senior managers of listed companies to disclose their interests in competing businesses.
The SC's corporate governance strategic priorities for the next three years emphasise ESG fitness, diversity and agility of boards.
First-time directors of listed companies and directors of newly-listed companies must complete an enhanced accreditation programme starting in 2022.
Total 1MDB assets amounting to $4.9bn have now been returned. Asset recovery is still being pursued in the US, UAE, Taiwan, Singapore, and Hong Kong, among other countries.
The initiative, known as #financing4ESG, will promote sustainable finance in Malaysia and accelerate ESG adoption among listed companies.
The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.
Bursa Malaysia and the SC will collaborate on efforts to help mid-tier companies become "investment-ready" and learn about governance requirements.
Malaysia's Securities Commission is on track to publish a draft SRI taxonomy for consultation by the end of the year.
The board and management must ensure good conduct culture is embedded and governance structures "inculcate fair and ethical decision making".
Oil and gas engineering group Serba Dinamik alleges Bursa was "acting in excess of power" by requiring the disclosure of findings from a special independent review.
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