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GOVERNANCE
77
Bursa Malaysia •
Annual Report 2015
iii. Induction programme organised by the Company
Secretaries for new Board/Committee member; and
iv. Requests by Directors to attend conferences subject to
the Board’s training policy and availability of budget.
b. Directors’ training attendance
Directors are expected to devote sufficient time to
update their knowledge and enhance their skills through
appropriate continuing education programmes, so as to
enable them to sustain their active participation in Board
deliberations
24
. The Directors observe Recommendation
4.2 of the MCCG 2012 by attending conferences, briefings
and workshops to update their knowledge and enhance
their skills. All Directors of Bursa Malaysia attended at least
six training programmes in 2015, of which at least three
programmes focused on capital market developments.
i.
In 2015, the following in-house development
programmes were organised by the Company
Secretaries for Directors/Committee members:
• Induction programme (for newly appointed
Chairman) on 4 March 2015, 11 March 2015 and
23 March 2015; and Induction programme (for
newly appointed MPC members) on 18 August
2015
The Company Secretary and the relevant
Management teams gave briefings at the
induction programmes, to familiarise the new
Chairman and another Committee member
with the Group’s governance process, business
and operations, as well as the regulatory role
of the Group. The induction programme also
allowed them to get acquainted with senior
management, so as to facilitate board interaction
and independent access to Management.
• Palm Oil Products: Expanding the Current Bursa
Malaysia Derivatives Portfolio on 31 July 2015
The Managing Director, Agricultural Products,
of Chicago Mercantile Exchange Group Inc, Mr.
Tim Andriesen, was invited by Bursa Malaysia
Derivatives Berhad to share his knowledge on
palm swaps market development.
• Internal Audit – one of the 4 Cornerstones of CG: Is
it an effective gatekeeper to Audit Committee and
Board Oversight? (for LC members) on 6 October
2015
The LC held its off-site development session on
6 October 2015 to deliberate on its enforcement
policies and the impact with regard to key
breaches, and related issues and challenges.
• The Cybersecurity Threat and Challenges (for
MPC members) on 3 November 2015
The MPC held its off-site development session on
3 November 2015, to keep its members updated
on Bursa Malaysia’s supervision approach and
observations, common areas of breach, proposed
enforcement actions and policies, and related
issues and challenges.
ii. The Directors also attended the following conferences
on capital markets organised by the Company:
• CAP10 ASEAN CEO Summit 2015 on 12 February
2015
• 26
th
Annual Palm & Lauric Oils Conference on
3 & 4 March 2015
• Invest Malaysia Kuala Lumpur on 23 & 24 April 2015
• Sustainability Symposium: “Responsible Business.
Responsible Investing” on 8 October 2015
iii. The Directors were also invited to attend a series
of talks organised by Bursa Malaysia together with
various professional associations and regulatory
bodies. Some Directors attended conferences and
seminars as guest speakers, panelists or moderators.
Overall, the development programmes focused on CG
(including audit, risk management and internal audit),
leadership, legal and business management and
financial and capital markets.
In addition, the Directors attended various external
programmes including the following:
Corporate Governance (including audit, risk
management and internal control)
• Audit Committee Conference 2015: Rising to New
Challenges, 24 March 2015 (attended by Datuk
Karownakaran @ Karunakaran Ramasamy)
CORPORATE GOVERNANCE
STATEMENT
24 Commentary under Recommendation 4.2 of the MCCG 2012