Bursa Malaysia appoints ICDM as knowledge partner to conduct Mandatory Accreditation Programme

KUALA LUMPUR, Nov 19  -- Bursa Malaysia Bhd has appointed the Institute of Corporate Directors Malaysia (ICDM) as knowledge partner to conduct the Mandatory Accreditation Programme (MAP) for directors of public listed companies, in line with the goal to strengthen the corporate governance ecosystem in Malaysia.

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said a strong corporate governance culture is fundamental to the continued credibility, attractiveness, as well as sustainability of Corporate Malaysia, especially given the pivotal role it plays in the Malaysian economy’s future growth.

"Self-regulation in the marketplace, particularly in achieving and exceeding both regulatory and market expectations, is critical to further enhance business accountability and continuity of market confidence.

"Hence, it is crucial that directors are equipped with the right mindset and competencies right at the start of their journey in the boardroom. Undoubtedly, the MAP serves as a catalyst for directors’ professionalism and effectiveness," he said in a statement.

ICDM president and chief executive officer Michele Kythe Lim said as the national Institute of Directors (IoD) recognised by Securities Commission Malaysia (SC), ICDM serves as the centre of excellence for the professional development of directors, catering to the complete lifecycle of directorship from aspiring to new and seasoned directors.

The enhanced edition of the MAP is a forward-looking programme that incorporates the latest corporate governance principles and best practices to equip board directors with the essential knowledge of good corporate governance, their fiduciary duties, as well as proficiency in emerging areas such as the sustainability agenda, stakeholder capitalism, as well as reputation and crisis management. 

Among the key elements of the MAP modules is the sharing of practical experiences and best practices from a local and regional context by the programme facilitators.

Under Bursa Malaysia’s Listing Requirements, directors appointed to the boards of public listed companies for the first time and directors of newly listed companies must complete the MAP. 

Information on the MAP and the 2022 calendar is available at https://icdm.com.my/mandatory-accreditation-programme.

-- BERNAMA