GOVERNANCE
CORPORATE GOVERNANCE STATEMENT
The Board of Directors of Bursa Malaysia (Board) 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 accountability to the shareholders and various stakeholders of Bursa Malaysia. This statement demonstrates the Board’s commitment to cultivating a responsible organisation by ensuring excellence in CG standards at all times.
1. ESTABLISH CLEAR ROLES AND RESPONSIBILITIES
1.1 Clear Functions of the Board and Management
The Board is responsible for the 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 Committees1 and the Chief Executive Officer (CEO), as depicted below.
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 four Regulatory Committees as set out in the Governance Model of Bursa Malaysia Group, after the Compensation Committee was dissolved on 11 May 2014
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