Bursa appoints ICDM as knowledge partner to conduct mandatory accreditation programme

Bursa appoints ICDM as knowledge partner to conduct mandatory accreditation programme
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KUALA LUMPUR (Nov 19): Bursa Malaysia Bhd has appointed the Institute of Corporate Directors Malaysia (ICDM) as a 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 of Malaysia.

Bursa chief executive officer (CEO) 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 future growth of the Malaysian economy.

"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 CEO Michele Kythe Lim said as the national Institute of Directors recognised by the Securities Commission Malaysia, the ICDM serves as the centre of excellence for the professional development of directors, catering to the complete life cycle 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 in local and regional contexts by the programme facilitators.

Under Bursa’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.