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Amendments To Bursa Malaysia’s Listing Requirements – With Latest Cases On Directors Duties
December 15, 2016 @ 9:00 am - 12:30 pm
RM880.00Event Navigation
Bursa Malaysia Chief Executive Officer Datuk Seri Tajuddin Atan said the capital market was a dynamic environment where the rules were constantly updated to ensure their continued relevance and effectiveness. In this regard, the exchange has found that enhanced disclosures and corporate governance requirements are necessary to meet the growing needs of increasingly sophisticated investors.
In a move to empower shareholders with better quality information in annual reports for informed investment decisions, and to strengthen the voting process, Bursa Malaysia announced a number of amendments to the listing rules.
Key amendments include introducing making greater non-financial information disclosures mandatory and mandating poll voting for all resolutions in company annual general meetings (AGMs). The requirement for greater non-financial information disclosure will see the introduction of minimum contents for management discussion and analysis (MD&A) in a bid to improve the quality and depth of disclosures made.
Another amendment is the requirement for immediate and periodic disclosures on key audit matters and matters related to going concern and the strengthening of the role of the audit committee in reviewing financial statements.
