MCCG and Bursa’s Listing Requirements: Towards Meaningful Disclosure

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MCCG and Bursa’s Listing Requirements: Towards Meaningful Disclosure

MCCG and Bursa’s Listing Requirements: Towards Meaningful Disclosure 

Dates:  18 January 2018 (8.30am - 5.30pm) 
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: 10 CPE points


The Malaysian Code on Corporate Governance (MCCG) was issued by the Securities Commission Malaysia on the 26 April 2017 with immediate effect and listed issuers are required to report their application of their corporate governance (CG) practices in their annual reports effective from the financial year ending on or after 31 December 2017.
 
Consequent to the issuance of the MCCG in April 2017, Bursa Malaysia reviewed its Listing Requirements (LR) to reflect the new CG disclosure and reporting requirements under the Comprehend, Apply and Report “CARE” approach as well as the enhancement to the oversight role of the audit committee in respect of their internal audit functions.
 
This one-day programme will provide awareness and guidance on the expectations and outcomes to be carried out by the Board of Directors, key management and responsible officers of listed issuers with regard to the reporting requirements towards meaningful disclosures as outlined in the MCCG, Bursa’s LR and the CG Guide.

  • Programme Delivery

    Programme Objective

    The aim of this programme is to provide the listed issuers with guidance on the application, disclosures and reporting expectations of listed issuers for the Principle A: Board Leadership and Effectiveness as further outlined in the MCCG, Bursa’s LR and CG Guide.

    Learning Outcomes

    Upon completion of this programme, participants will be able to:
    • recognise the importance of corporate governance, the new approach in the MCCG and its expectations
    • infer the application of the MCCG  Practices  with reference to Bursa’s CG Guide
    • describe the changes in the LR  with regard to CG reporting and the disclosure requirement
    • determine and carry out the new CG disclosure approaches and requirements towards achieving more meaningful corporate governance reporting

    Methodology

    Interactive presentations, Discussions and Question-and-Answer (Q&A) sessions 

    Target Audience

    • Main target – PLCs, Co Sec, Directors, Senior Management
    • Other Audience  - Companies who plans to list on Bursa Malaysia
    • Dealers

    Competencies

    Core - Corporate Governance
    Foundational (Regulatory Knowledge) – Capital Markets Products Regulations
    Functional (Process Skills) – Corporate Finance Advisory
     
  • Programme Outline

     
    8.30 am Registration
    9.00 am
     
    Session 1
    MCCG: The Code, Bursa’s LR, the CG Guide and Expectations
    • Why Governance Matters
    • Overview of MCCG - What is New?
    • Key Features:
      • The Shift to the ‘Comprehend, Apply and Report’ Approach  (CARE)
      • From Comply and Explain to Apply or Explain an Alternative
      • Intended Outcomes: Focus and Clarity on of each Practice
      • Guidance: Assisting in Applying the Practices
      • Step Up Practices:  Moving Towards Greater Excellence
    • The Revised  Bursa LR and Bursa’s CG Guide
    10.30 am Coffee Break
    10.45 am
     
    Session 2
    MCCG,  Bursa’s Listing Requirements and CG Guide
    • Bursa ‘s LR and CG Guide - CG Report Prescribed Format
      • Meaningful disclosure on application of each  MCCG Practices
      • Departure from practice – Alternative  disclosure
        • For Large Companies – Actions taken and timeframe
      • Considerations in making disclosures in the CG Report in demonstrating a holistic and effective CG arrangement to stakeholders.
      • CG Report – Separate or Combined?
    1.00 pm Lunch
    2.00 pm
     
    Session 3
    MCCG,  Bursa’s Listing Requirements and CG Guide (continued)
    • Bursa‘s LR and CG Guide - CG Overview Statement
      • CG Overview  disclosure of application of the MCCG Principles:
        • Board Leadership and Effectiveness;
        • Effective Audit and Risk Management; and
        • Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders.
    3.45 pm Coffee Break
    4.00 pm
     
    Session 4
    Enhancing the Role of Audit Committee Oversight
    • The Role of Audit Committee:
      • Overseeing the Internal  Audit Function
      • Review the Internal Audit Plan
      • Internal Audit Reports – Review, reporting and raising recommendations
    5.00 pm End of Programme
  • Programme Fees

    Group of 3 or more pax Normal Price
    RM 450 RM 530
    *Inclusive of 6% GST