KUALA LUMPUR:The Institute of Corporate Directors Malaysia (ICDM), a dedicated body established by the Securities Commission Malaysia (SC) to enhance the professionalism and effectiveness of corporate directors in Malaysia, was launched this morning by Finance Minister Lim Guan Eng.
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.
SC chairman Tan Sri Ranjit Singh said the establishment of ICDM will add to the already rich and diverse corporate governance ecosystem to enhance director effectiveness and board leadership in Malaysia.
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’ registration provide director-sourcing services to companies so that succession planning is competency-based.
Source: The Sun Daily