MALAYSIA INSTITUTE OF CORPORATE GOVERNANCE (MICG) SUSTAINABILITY GOVERNANCE, MANAGEMENT AND REPORTING PROGRAM IN KUALA LUMPUR MALAYSIA.
Today, MHB Corporate Directors and Management, attended the Malaysia Institute of Corporate Governance (MICG) Sustainability Governance, Management and Reporting program in Kuala Lumpur Malaysia. The program aims to:
- enable participants to understand what the enhanced Sustainability Reporting Framework entails, including the scope of disclosures
- be familiar with sustainability theme of Economic, Environmental, Social and Governance in the Group's business to create shareholders' value
- know the mandated contents for disclosure
- be familiar with the pertinent documentation on work conducted, including reporting to stakeholders in a balanced, meaningful and comparable manner
- be aware of pitfalls to be avoided
The program is attended by Directors of listed corporations and subsidiaries, CEOs, CFOs, Chief Regulatory and Compliance Officers, Chief Sustainability Officers, Chief Risk Officers, Company Secretaries, Corporate Advisors and Internal and External Auditors and academic faculty members. Thank you Mr. Lee Min On for delivering such an outstanding program useful for corporate directors at public-listed corporations.
Detail:
The listing requirement of Bursa Malaysia Securities Berhad (Bursa) were amended on 26 September 2022, introducing an enhanced Sustainability Reporting Framework that both the Main Market and ACE Market listed issuers are now required to adopt in their annual reporting to shareholders. The key changes, encompass, inter-alia, the mandated sustainability matters, including the associated performance indicators, that are required to be disclosed by all listed issuers regardless of their size or sectors of business, in a prescribed format to be released by Bursa.
The Malaysian Code of Corporate Governance (MCCG) 2021 edition, released by Securities Commission Malaysia on 28 April 2021, sets out 5 new practices which focus on Sustainability Governance, Management and Reporting. For the example, the Board together with the Management, is tasked to oversee the governance of sustainability in the listed issuers as a Group, including setting the Group's sustainability strategies, priorities, and targets, and ensuring such strategies, priorities, and targets, including the performance against these targets are communicated to internal and external stakeholders. The Listing Requirement amendments mentioned essentially provide the momentum for Listed Issuers to apply the new Practices on Sustainability under the MCCG 2021.
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