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MSWG Newsletter 12 January 2018 (English)

13 January 2018 VOICE OF MSWG Happy New Year everyone! Unlike in previous years, 2018 has begun very well for share markets generally, with the upcoming general elections and strong Ringgit viewed as additional favourable catalysts for Bursa Malaysia. During this market exuberance, it is good to remind ourselves on the importance of responsible corporate behaviour. Judging from the developments at MUI Properties (management changes for good CG, succession planning), AirAsia (CEO and deputy CEO relinquishing directorships to enhance CG) and Berjaya Food Bhd (executive chairman resigning from post to comply with best practices under the CG code), it is clear that there is some momentum among listed companies to better comply with the freshly revised Malaysian Code on Corporate Governance (MCGG) 2017. For the sixth-straight year, we have shown CG improvements in the results of our MSWG-ASEAN Corporate Governance Recognition 2017, despite the more stringent assessments under the revised scorecard

MSWG Weekly Newsletter 22 December 2017 (English)

VOICE OF MSWG

We welcome our new CEO Devanesan Evanson, who comes to us armed with decades of experience in the key areas of Corporate Governance, Risk Management and Internal Controls.

Until his appointment with us, Devanesan, an accountant by profession (and holder of a law degree from the University of London), was the President of the Malaysian Advisory Committee of the Association of Chartered Certified Accountants (ACCA) and a past President of the Institute of Internal Auditors Malaysia.

He spent 18 years with Bursa Malaysia where he served in various positions, including as the Head of Group Internal Audit and Risk Management, Chief Regulatory Officer and Chief Market Operations Officer, making immense contributions towards the growth of the Exchange as well as that of our capital market during that period.

We look forward to the immense contributions he will undoubtedly make in our pursuit of the highest standards of corporate governance and corporate oversight.

MSWG Newsletter 16 December 2017 (English)

16.12.2017

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

K-STAR SPORTS LIMITED (“K-STAR”)

The Board of Directors of K-STAR announced that the Company had on 13 December 2017 received another notice of nomination from K-Star Sports International Limited, a substantial shareholder of the Company, for the proposed appointment of Foo Kon Tan LLP as Auditors of the Company for the financial year ending 31 December 2017 to fill in the vacancy arising due to the retirement of Messrs. Helmi Talib & Co. and to hold office until the conclusion of the next Annual General Meeting of the Company.

In view thereof, the earlier nomination of Messrs. UHY Lee Seng Chan & Co (as announced on 21 September 2017) is now regarded as irrelevant and will not be put forward for shareholders’ approval at an EGM of the Company to be convened.