Bursa Malaysia

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Bursa Malaysia is committed to delivering sustainable value for all our stakeholders by creating a vibrant marketplace, protecting the integrity of our marketplace and being a responsible PLC. We constantly engage with our stakeholders to ensure that we integrate key and long-term economic, social and environmental elements into our business strategies and practices.



At Bursa Malaysia we adhere to high standards of corporate governance (CG) practices under the leadership of our Board of Directors, as guided by the Malaysian Code on CG 2012.

Our Board has a Board Charter which serves as a reference source and primary induction literature to assist the Board in performing their fiduciary duties as directors of Bursa Malaysia. The Board periodically reviews the Board Charter to ensure it complies with legislation and best practices, and remains relevant and effective in light of the Board’s objectives.

The Board of Bursa Malaysia is committed to maintaining a sound internal control and risk management system. Each business/functional unit has implemented its own control processes under the leadership of the CEO, who is responsible for good business and regulatory governance. The full statement of our Internal Control and Risk Management is provided in our Annual Report [pages 87 – 93]. The Board is responsible for the oversight and overall management of Bursa Malaysia. In order to ensure the effective discharge of its functions and responsibilities, it has established a Governance Model for Bursa Malaysia, delegating specific powers of the Board to the relevant Governance and Regulatory Board Committees and CEO.

The Governance Model, which is supported by the internal Corporate Authority Manual, is reviewed and amended as and when required to ensure an optimum framework for highest standards of independence, oversight and transparency. All subsidiaries of Bursa Malaysia have fully adopted this Governance Model, except Bursa Malaysia Derivatives Berhad and its wholly-owned subsidiary, Bursa Malaysia Derivatives Clearing Berhad which have adopted two Governance Committees from this model (Audit Committee and Risk Management Committee) and the applicable Regulatory Committees.

Bursa Malaysia’s sustainability leadership is also led by the Board, which oversees and ensures that we pursue our regulatory and commercial objectives and remain a responsible organisation. The Board promotes good CG and sustainability practices which it believes will translate into better corporate performance for our Company. The Board is responsible to review and approve Bursa Malaysia’s sustainability strategy.

Detailed information on the Board of Directors and its Governance Model can be found in our CG Statement of our Annual Report 2016 (refer pages 53 to 60). This information is also available on our corporate website.

Sustainability Governance

Our Corporate Sustainability Committee (CSC) is an executive management committee established under the Management Governance Framework. The CSC is chaired by our CEO, and update the Board regularly on all key EES risks and opportunities (sustainability matters). The committee is responsible for overseeing the formulation, implementation and effective management of our sustainability matters in line with their Terms of Reference. The CSC is also supported by various working groups responsible for implementing the initiatives within Bursa Malaysia. In addition to our CSC we also have an internal Sustainability Department, currently headed by our Director of Human Resources, as well as dedicated sustainability staff within our CG group primarily focused on market regulation and supporting our listed issuers.

Sustainability Governance BOD

Related Party Transactions (RPT)

An internal compliance framework exists to ensure that Bursa meets its obligations under the Main Market Listing Requirements including obligations in connection with related party transactions. A Director who has an interest in a transaction must abstain from deliberation and voting on the relevant resolution in respect of such transaction at the Board meeting. In 2016, there was no transaction entered into by Bursa or its subsidiaries involving conflicts arising from the direct or interest of a director or person connected with such director or major shareholders.