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GOVERNANCE
Bursa Malaysia
•
Annual Report 2014
53
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 Committees
1
and the Chief Executive Officer (CEO), as depicted below.
CORPORATE GOVERNANCE STATEMENT
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
BOARD OF DIRECTORS
REGULATORY COMMITTEES
Regulatory and Conflicts Committee
Listing Committee
l
Market Participants Committee
n
Appeals Committee
u
GOVERNANCE COMMITTEES
Audit Committee *
Nomination and Remuneration Committee
Risk Management Committee *
75% Subsidiaries (25% CME)
Bursa Malaysia Derivatives Berhad
n u
Bursa Malaysia-CME Joint Working Group
100% Subsidiary
Bursa Malaysia Derivatives Clearing Berhad
n u
Public Company Limited by Guarantee
Yayasan Bursa Malaysia
Governance
Corporate Sustainability Committee
Management Risk and Audit Committee
l n
u
t
Matches the corresponding committees to the relevant companies
CHIEF EXECUTIVE OFFICER
MANAGEMENT GOVERNANCE FRAMEWORK
Business Operations (Commercial & Regulatory)
Management Committee
Management Regulatory Committee
Business Case Approving Committee
100% Subsidiaries
Bursa Malaysia Securities Berhad
l n u
Bursa Malaysia Securities Clearing Sdn Bhd
n u
Bursa Malaysia Depository Sdn Bhd
n u
Bursa Malaysia Depository Nominees Sdn Bhd
Bursa Malaysia Information Sdn Bhd
Bursa Malaysia Bonds Sdn Bhd
n u
Bursa Malaysia Islamic Services Sdn Bhd
t
Shari’ah Committee
t
Disciplinary Committee
t
Appeals Committee
t
Labuan International Financial Exchange Inc (LFX)
LFX Exchange Committee
Listing Committee
Disciplinary Committee
Licensing Committee