BURSA AR13 - page 52

Bursa Malaysia • Annual Report 2013
50
Governance
Corporate Governance Statement
1. Establish Clear Roles and Responsibilities
1.1 Clear Functions of the Board and Management
The Board is responsible for oversight and overall management of the Company. In order to ensure the effective discharge of its function and responsibilities, it has
established a Governance Model for the Group where specific powers of the Board are delegated to the relevant Board Committees
1
and the CEO, as depicted below.
The Board of Directors of Bursa Malaysia presents this statement to provide an insight into the
Corporate Governance (CG) practices of the Company under the leadership of the Board.
In building a sustainable business, and discharging its regulatory role, the Board is mindful of its
responsibilities to the shareholders and various stakeholders. This statement demonstrates the
Board’s commitment to cultivating a responsible organisation by instilling corporate conscience
through excellence in CG standards at all times.
Business Operations (Commercial & Regulatory)
Management Committee
Management Regulatory Committee
Business Case Approving Committee
Governance
Corporate Sustainability Committee
Management Risk and Audit Committee
MANAGEMENT GOVERNANCE FRAMEWORK
Governance Committees
Audit Committee *
Nomination and Remuneration Committee
Risk Management Committee *
Regulatory Committees
Regulatory and Conflicts Committee
Listing Committee
l
Market Participants Committee
n
Compensation Committee
s
Appeals Committee
u
75% Subsidiaries (25% CME)
Bursa Malaysia Derivatives
n s u
Bursa Malaysia-CME Joint
Working Group
100% Subsidiary
Bursa Malaysia Derivatives
Clearing
n u
Limited by Guarantee
Yayasan Bursa Malaysia
100% Subsidiaries
Bursa Malaysia Securities
l n s u
Bursa Malaysia Securities Clearing
n u
Bursa Malaysia Depository
n s u
Bursa Malaysia Depository Nominees
Bursa Malaysia Information
Bursa Malaysia Bonds
n u
Bursa Malaysia Islamic Services
t
Shari’ah Committee
t
Disciplinary Committee
t
Appeals Committee
t
Labuan International Financial
Exchange Inc
u
LFX Exchange Committee
u
Listing Committee
u
Disciplinary Committee
u
Licensing Committee
u
BOARD OF DIRECTORS
CHIEF EXECUTIVE OFFICER
Note:
* All subsidiaries of Bursa Malaysia have fully adopted the Governance Model of Bursa Malaysia Group except for Bursa Malaysia Derivatives and its wholly-owned subsidiary, Bursa Malaysia Derivatives Clearing which have adopted two
Governance Committees, and the applicable Regulatory Committees.
1
Board Committees comprise three Governance Committees and five Regulatory Committees as set out in the Governance Model of Bursa Malaysia Group
l n s u t u
matches the corresponding committees to the relevant companies
1...,42,43,44,45,46,47,48,49,50,51 53,54,55,56,57,58,59,60,61,62,...196
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