CMDP: Module 1 Directors as Gatekeepers of Market Participants

CPD*

*SIDC CPE points are recognised by FIMM, AICB and MIA

Learning Hours

2.5 hours (including Pre & Post Assessments)

Outline

Board Fundamental and Core Duties

• Core duties of directors – fiduciary duty, duty of care, skill and diligence and other legal and regulatory expectations as specified by the extant laws.
•  Discussion of recent selected enforcement cases.

Learning Outcomes

Upon completion of this programme, participants will be able to:

• Explain the high-level contextual function of the board and the directors in discharging their mandates;
• Appraise the roles, duties, responsibilities and liabilities of directors as provided for in applicable laws relevant to licensed intermediaries;

Session 2

Board and the Malaysian Code on Corporate Governance

• Discussion on how application of selected principles and recommendations of MCCG can deliver sustainable values for licensed intermediaries.
• Strengthening the composition of the board by having sufficient representation of non-executive directors of right competencies and skills to ensure independent oversight;
• Effective risk oversight through sound and adequate risk management and internal controls systems.
• Independent directors as value enhancers or value destroyers.
• Failure of governance and the implication on licence to operate.

Learning Outcomes

Upon completion of this programme, participants will be able to:

• Describe on how to apply the relevant key principles and recommendations of the Malaysian Code on Corporate Governance to oversee the compliance and performance roles of licensed intermediaries;
• Explain the critical functions played by independent directors in building confidence and trust for licensed intermediaries; and
• Discuss how judgement can be exercised appropriately in dealing with legal and governance issues brought to the attention of the board.

Competencies

Core Corporate Governance (Proficiency Level 4) Core Ethics & Integrity (Proficiency Level 4) Foundational (Regulatory) Capital Market Institutions (Proficiency Level 4)