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BUSINESS

SC inks MoU with two universities to instil good corporate governance among youth

18/08/2022 05:01 PM

KUALA LUMPUR, Aug 18 (Bernama) -- The Securities Commission Malaysia (SC) has signed a memorandum of understanding (MoU) with Universiti Malaya (UM) and Monash University Malaysia on a series of programmes toward empowering the youth on good corporate governance.

The statutory body that regulates and develops the Malaysian capital market said the initiative, which is part of its Corporate Governance Strategic Priorities 2021-2023, is aimed to deepen engagement with the youth and embed an early and better understanding of corporate governance principles and practices, among others.

In a statement today, SC chairman Datuk Seri Awang Adek Hussin said the collaboration is driven by a common goal of engaging and empowering the young.

“We need to instil integrity and accountability values early among the youth and the SC hopes that our joint efforts will have a long and positive impact on them,” he said.

The SC said the collaboration would facilitate engaging students and faculty members through, among others, guest lectures involving corporate governance practitioners in the industry and experts aimed at broadening students’ exposure to current discussions and developments in relation to corporate governance. 

“Opportunities for joint research will also be explored, the outcomes of which will assist in the development of the SC’s future policies and strategic initiatives,” it said.

UM vice-chancellor Datuk Mohd Hamdi Abd Shukor said the collaboration instils an appreciation of corporate governance principles and their associated best practices amongst the students.

“It is our hope that this collaboration will foster the development of future corporate leaders with a deep conviction for good corporate governance,” he said.

Monash University Malaysia president and pro-vice-chancellor Matthew Nicholson said that his university is committed to the development of human capital in Malaysia, through excellence in education and research.

The MoU was inked between SC’s executive director of market development Salmah Bee Mohd Mydin, UM’s Dean, Faculty of Law, associate professor Datuk Johan Shamsuddin Sabaruddin and Monash’s head of business school professor Nafis Alam.

-- BERNAMA


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