KUALA LUMPUR: Bursa Malaysia has appointed the Institute of Corporate Directors Malaysia as knowledge partner to conduct the Mandatory Accreditation Programme (MAP) for directors of public listed companies (PLC).

       It said the appointment was in line with the goal to strengthen the coporate governance ecosystem in Malaysia.

       “We are pleased to announce the appointment of ICDM as the approved organiser and knowledge partner for Bursa Malaysia’s MAP.

       “A strong corporate governance culture is fundamental to the continued credibility, attractiveness as well as sustainability of Corporate Malaysia, especially given the pivotal role it plays in the Malaysian economy’s future growth," said Bursa Malaysia CEO Datuk Muhamad Umar Swift in a Friday statement.

       He added that self-regulation in the marketplace is critical to enhance business accountability and continuity of market confidence.

       “Through our resources and network, we aim to provide participants of MAP with globally benchmarked competency development modules and the most relevant knowledge to ensure professional competence and exemplary standards, particularly in an environment of heightened scrutiny and increased expectations on directors,” added ICDM president and CEO Michele Kythe Lim.

       According to the statement, the enhanced edition of the MAP incorporates the latest corporate governance principles and best practices to equip board directors with the essential knowledge of good corporate governance, their fiduciary duties as well as proficiency in emerging areas such as the sustainability agenda, stakeholder capitalism, as well as reputation and crisis management.

       Among the key elements of the MAP modules is the sharing of practical experiences and best practices from a local and regional context by the programme facilitators.

       Under Bursa Malaysia’s Listing Requirements, directors appointed to the boards of PLCs for the first time and directors of newly listed companies must complete the MAP.

       The MAP is also open to directors of non-listed subsidiaries of PLCs.

       It serves as a refresher course for experienced directors seeking to boost their existing competencies. The enhanced programme under ICDM will commence in 2022.

       For more information on the MAP and the 2022 calendar, please visit

       https://icdm.com.my/mandatory-accreditation-programme