30 October 2018
On 1 October 2018, the Securities Commission Malaysia (“SC”) announced the launch of the Institute of Corporate Directors Malaysia (“ICDM”), a dedicated body established by the SC to enhance the professionalism and effectiveness of corporate directors in Malaysia. Formed by directors for the benefit of directors, ICDM’s main objectives are to promote excellence, integrity and the highest levels of skills and professional competence among corporate directors in Malaysia, represent the interests of its members and advocate the adoption and application of corporate governance practices. The SC informs that the ICDM will focus on building a sustainable pipeline of directors through education programmes that equip directors with essential skills to serve on listed boards. ICDM also maintains a directors’ registry to provide director sourcing services to companies so that succession planning is competency-based.