MSWG Webinar : 06.07.2023 - Assessment of the Board, Board Committees and individual Directors

Bursa’s Listing Requirements mandate the assessment of the Board, Board Committees and individual Directors to be conducted by a listed issuer at least annually.
The Malaysian Code on Corporate Governance 2021 Edition espouses the use of independent experts by Large Companies to facilitate such an evaluation at least once every 3 years.
This session discusses the “purpose of assessment, how it is conducted, and how the outcome is used for identifying areas of enhancements within the Board, including justifications in the re-appointment of retiring Directors and extension of tenure of Independent Directors beyond the 9-year limit prescribed by the MCCG 2021.

Such assessment may be done in-house by way of a self and peer assessment or outsourced to external experts.

Common pitfalls and better practices will be discussed, including the criteria and types of questions to be developed to facilitate such an assessment.

Key learning outcomes include enabling participants to:

  • understand the need for an assessment of the Board, Board Committee and individual Directors;
  • be apprised of how a typical assessment is conducted, including using the outcome thereof to enhance the effectiveness of the Board, Board Committees and individual Directors;
  • be familiar with the criteria and questionnaire used in assessment;
  • appreciate the importance of pertinent documentation on work conducted, to enable objective reporting to stakeholders; and
  • be aware of pitfalls to be avoided in the assessment process.

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