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Enhance Board Effectiveness and Governance – ICDM to Strengthen 2 Key Areas

29 Jun 2019

(吉隆坡28日讯)大马企业董事协会(ICDM)主席丹斯里查莉娜安华表示,该协会去年正式成立以来,主要专注加强2大目标领域,即促进大马企业董事部效率以及卓越监管能力,以使国内企业及经济达致成功。

她指出,为了确保上述目标它的长期永续性,大马需要推动正确方向,特别是从企业高层开始,通过加强董事专业及推动大马企业,从开始的管制纪律至市场纪律,至最终的自身纪律的阶段

她指出,为了确保上述目标它的长期永续性,大马需要推动正确方向,特别是从企业高层开始,通过加强董事专业及推动大马企业,从开始的管制纪律至市场纪律,至最终的自身纪律的阶段。

她指出,该协会要加强国内的企业监管生态系统,以及扮演提升企业董事专业的标准。

该协会总裁兼首席执行员林明诗指出,目前已经有更多上市或未上市公司的董事部及董事,对该协会的活动有兴趣,从而显示企业董事更著重持续提升技巧及知识的重要,以便在市场保持竞争力及有效性。

林明诗指出,去年该协会总共招揽了125位个人及11家企业会员,同时通过2项公开活动-能力开讲(Power-Talk)接触了180位的参与者。她表示,该协会在2019年招募活动目标,放眼企业会员25家(目前已达23家)、个人会员目标则为500名、以及附属会员100名。

她表示,目前该协会的企业会员中,64%为上市公司、27%为未上市的公共公司、以及其余9%为私人公司。其中金融服务领域占45%、工业生产及服务领域占18%,以及产业、建筑、政府投资相关公司及能源等领域则占9%。

发展下一代董事计划
她指出,目前该协会也正在发展下一代董事的计划,以图与更多中小型企业董事合作,作为加强整体大马公司企业监管文化计划的一部份,特别是中小型企业占大马商业群的98.5%,为国家经济作出逾三分之一的显著贡献。

她指出,从多元性角度为准,该协会的大部份会员,即占38%的年龄落在50至59岁、40至49岁则占28%、60至69岁占22%、40岁以下占10%、以及逾70岁则占1%。同时,截至去年为止,其中34%为女性董事以及66%为男性董事。


Translation:
According to ICDM’s Chairman Tan Sri Zarina Anwar, since its establishment ICDM has mainly focus on two key areas, which are to enhance board effectiveness and promote excellence in governance to achieving the bigger goal of corporate and economic success in the country.

Tan Sri pointed out, in order to ensure this state of sustainability, Malaysia needs to drive the right tone from the top via strengthening directors’ professionalism. This is to move Corporate Malaysia from a state of regulatory discipline, to market discipline, to the final state of self-disciplines sustainable over the long term, Malaysia needs to drive the right tone, especially on the top management level, via the strengthening of directors’ professionalism and to move Corporate Malaysia from a state of regulatory discipline, to market discipline, to the final state of self-discipline.

Tan Sri said, ICDM supports the growing shareholder activism in the landscape. The involvement of non-executive / independent directors in the company’s business strategies or planning – this will improve or strengthen the Board.

Tan Sri also said that ICDM plans to strengthen the country’s corporate governance culture, as well as enhance the professionalism of boards and directors.

According to President / CEO of ICDM Michele Kythe Lim, there is a growing interest from both listed and unlisted companies in ICDM’s programmes. This is an indication the Boards and Directors are seeing the importance of a continuous elevation of skills and knowledge as imperative to remain competitive and relevant in the market.

CEO Michele commented that ICDM has recruited a total number of 125 individuals and 11 corporate members as well as reached out to 180 participants through our two (2) public programmes, Power Talk. For 2019, ICDM is targeting 25 corporate members (currently the number has reached 23), 500 individual members, and 100 affiliate members.

Michele said, in terms of corporate membership, 64% of ICDM’s members comprise of listed companies, 27% unlisted public companies, and 9% private companies. Financial services dominate the sectorial representation at 45%, followed by 18% from the industrial products and services sectors as well as 9% for property, construction, government investment linked companies and energy, respectively.

Nurturing the next generation of boards
Michele said, ICDM is also developing the pipeline for the next generation of directors and working to bring on board more Small and Medium Enterprises (SMEs) as part of the overall plan to enhance the CG culture in Malaysian companies, especially SMEs which make up 98.5% of the total business community in Malaysia and contribute more than one-third of our economy.

Michele also pointed out that, from a diversity perspective, the majority of ICDM’s members, or 38% are within the 50-59 years age range, followed by 40-49 years at 28%, 60-69 years at 22%, under 40 at 10% and over 70 years of age a 1%. Gender diversity as at 2018 stands at 34% female directors and 66% male.

 

This article was taken from Sin Chew Daily and Sin Chew Daily Online.


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