KUALA LUMPUR (Sept 26): Bursa Malaysia Bhd is seeking public feedback on some proposed amendments to listing requirements for the Main and ACE Markets, chief of which is the introduction of various anti-corruption measures to tighten governance in the country's listed entities.

This, together with proposed changes to drive digitisation of corporate exercises undertaken by listed issuers to improve operational efficiency and efficacy, is listed in a consultation paper it released today.

To strengthen governance to prevent corruption, fraud and misconduct, it will require a listed issuer's board of directors to:

i) establish and maintain policies and procedures on anti-corruption and whistle-blowing,

ii) conduct annual review of such policies and procedures as well as publish them on the company's website, and

iii) include a corruption risk in its annual risk assessment framework.

It said these amendments were proposed to heed the Government's call under the National Anti-Corruption Plan (2019-2023), which was launched in January this year and outlines initiatives to be taken by every Government and private agency to address corruption, integrity and governance issues over the next five years.

As for driving digitisation, it will require companies to facilitate the subscription and payment for rights issues by securities holders electronically. The same goes for the conversion and payment for convertible securities, and the election to participate in a dividend reinvestment scheme.

The consultation paper can be accessed at www.bursamalaysia.com. Those interested in submitting their feedback to the regulator have until Oct 25 to do so.