Malaysian Code on Corporate Governance: A New Dimension

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Malaysian Code on Corporate Governance: A New Dimension

Malaysian Code on Corporate Governance: A New Dimension 

Dates:  5 June 2017 (8.30am - 5.30pm) 
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points


The Malaysian Code on Corporate Governance (MCCG) was first introduced in 2000 against the backdrop of the 1997/98 Asian Financial Crisis in order to strengthen the corporate governance framework and increase investor's confidence. Through periodic updates and enhancements, the MCCG is a key document in Malaysia's corporate governance framework and has contributed significantly in improving the corporate governance standards of Malaysian listed companies

Recognising the need for continuous improvement of corporate governance practices, the MCCG now adopts a different approach from previous versions. The new approach aims to encourage progression and provide greater utility for companies and their stakeholders.

This programme is designed to familiarise participants with the provisions of MCCG and the recommended practices espoused by the principles of the MCCG.

  • Programme Delivery

    Programme Objective

    The aim of this programme is to provide members of board of directors, senior management and other relevant gatekeepers with information and insights on the new MCCG with emphasis on the issues and expectations.

    Learning Outcomes

    Upon completion of this programme, participants will be able to:
    • recognise the importance of corporate governance and the new approach in MCCG;
    • identify the key elements of MCCG together with the challenges, issues and expectations; and 
    • discuss the role of the members of board of directors, company secretary and management in implementing the code. 

    Methodology

    Interactive presentations, Question-and-Answer sessions and Panel discussion.

    Target Audience

    Directors, Company Secretaries, Senior Management, Compliance Officers and those involved in preparing and publishing the annual report and anyone who is interested to know more about the new MCCG.
  • Programme Outline

    Monday, 5 June 2017
    8:30am  Registration
    9:00am MCCG: A Glance through the New Code
    • Why Governance Matters
    • Overview of MCCG - What is New?
      • Introduction of Practices for Large Companies
      • Key Features:
        • The Shift: Comprehend, Apply and Report' Approach - "CARE"
        • From Comply and Explain to Apply or Explain an Alternative
        • Intended Outcomes: Focus and Clarity on of each Practice
        • Guidance: Assisting in Applying the Practices
        • Step Up Practices: Moving Towards Greater Excellence
    Speaker: Foo Lee Mei, Chief Regulatory Officer, Securities Commission Malaysia
    10:15am Q&A Session with Securities Commission & Bursa Malaysia
    10:30am Coffee Break
    10:45am MCCG: Putting Corporate Governance Into Practice
    • Principle A: Board Leadership and Effectiveness
      • Board Responsibilities
      • Board Composition
      • Remuneration
    • The Challenges of CG Implementation
      • Nominating Committee
        • Board Composition vs Board Quality: Striking the Right Balance 
        • Key Strengths and/ or Weaknesses Disclosures
      • Roles and Expectations of Company Secretary
      • Demarcation of Roles via the schedule of Matters
      • Directors Remuneration Disclosures: MCCG vs Companies Act 2016
    • Essentials of Good CG Practices 
      • Alternatives from the Departures of the Code
      • Exemplary Step Up Practices
    Speaker: Kasturi Nathan, Advisory Partner, Head of Sustainability, KPMG
    11:30am MCCG: Putting Corporate Governance Into Practice (cont'd)
    • Principle B: Effective Audit and Risk Management
      • Audit Committee
      • Risk Management and Internal Control Framework
    • The Challenges of CG Implementation 
      • Mapping the Competencies of Audit Committee to Auditing Standards in Fulfilling the Business Needs
      • Internal Audit Function: In-house vs Outsourcing
    • Essentials of Good CG Practices
      • Alternatives from the Departures of the Code
      • Exemplary Step Up Practices
    Speaker: Kasturi Nathan, Advisory Partner, Head of Sustainability, KPMG
    1:00pm Lunch

    2:00pm
    MCCG: Putting Corporate Governance Into Practice
    • Principle C: Integrity in Corporate Reporting and Meaningful Relationships With Stakeholders
      • Communication with Stakeholders
      • Conduct of General Meetings
    • The Challenges of Corporate Governance Implementation 
      • Risk Assessment and Mitigation: Measuring Company's Risk Appetite
      • DigitisationL Relevance of Annual General Meeting and Communications with Shareholders
    • Essentials of Good Corporate Governance Practices
      • Alternatives from the Departures of the Code
      • Exemplary Step Up Practices
    Speaker: Lee Min On, Director, Coalition for Business Integrity
    3:45pm Coffee Break
    4:00pm  Elevating the Standards of Malaysian Corporate Governance
    A panel discussion on:
    • the Rationale/ Motion Behind the Changes
    • Enhancing the Role of the Board of Directors, Company Secretary and Audit Committee: A Game Changer?
    • the impact of Corporate Governance Practices on the Corporate Landscape
    • Putting Theory into Practice: Weighing the Requirements and Benefits
    • Digitisation and Transparency - Transforming the Future of Corporate Governance 
    Moderator:
    • Philip Koh, Senior Partner, MKP Group
    Panelist:
    • Datin Sunita Mei-Lin Rajakumar, Independent Non-Executive Chairperson, Caring Pharmacy Group Berhad
    • Lya Rahman, General Manager, Minority Shareholder Watchdog Group (MSWG)
    • Jeremie Ting Keng Fui, Independent Director, YFG Berhad
    • David Lim Hun Soon, Independent Non-Executive Director, Manulife
    5:30pm End of Programme
  • Programme Fees

    RM 950 + 6%GST = RM 1007