"Corporate governance has become a topic of broad interest. As global businesses are plagued with scandals, corporate failures and ethical misconducts, the debate over the roles of company boards intensifies. Not surprisingly, there is now a renewed focus on corporate governance – better structures, calls for greater independence of directors, more rigorous oversight, to name a few."

As a result, a large amount of time is spent on scanning historical activities instead of focusing on strategic and future prospects of the company. With rapid technological, social and environmental change, are directors equipped with the right skillsets and mindset to navigate the unexpected?

Board evaluation is a forward-looking exercise, besides driving improved leadership, better performance and boosting investors’ confidence in the company.

Company Secretaries play a crucial role in the initiation of meaningful and effective board evaluations. In their central role, they need to drive the process with the Nomination and Remuneration Committee Chair and/or the Board Chair and facilitate the execution of the entire process - from inception to the delivery of the final report to ensure sustainable effectiveness and performance of boards. They can further contribute towards the board-chair relationship, board processes, and dynamics and be seen as a valued advisor in the corporate governance structure and framework of the company. When successfully administered, an evaluation can help steer boards towards enhancing their organisations’ capacity.

Having an impactful assessment consists of more than just a ‘box-ticking’ exercise and requires an in depth analysis of the different board relations within a board, identifying oversight matters and aligning them into line of sight of the board, identifying and mitigating disruption that the board would face while empowering boards to be agile and innovative in a continuously evolving environment. The analysis must also, draw out the issues faced by the board so that remedial action can be taken and this is only achieved through meaningful, candid and confidential one-on-one interviews.

So how are today’s leading boards evolving their evaluation to enhance the effectiveness of boards and how are the companies communicating to stakeholders about their board evaluation process? The disclosure of the board evaluation practices and outcomes are equally as crucial. Last year’s Corporate Governance Monitor 2019 by the Securities Commission Malaysia highlighted that the explanations provided by companies on the adoption of the board evaluation practice lacked details, particularly in relation to the outcomes of the board effectiveness evaluation, discussion on key strengths and weaknesses, and measures that were taken to address them.

Join Wee as he shares his experience on what a meaningful board evaluation will look like and the importance for Company Secretaries to familiarise themselves with the various evaluation methodologies and approaches used in order to achieve a desired outcome. Learn how you can utilise the findings to add value to the board process and provide a practical roadmap for the company’s long term success.

 

LEARNING OUTCOMES

  • Define what is an effective Board Evaluation
  • Identify the benefits that you can gain from a meaningful Board Evaluation
  • Learn about the best practices for evaluation disclosures

 


SPEAKER

WEE HOCK KEE
ICDM Faculty & Fellow

 

Wee Hock Kee (Wee) consults on matters relating to corporate governance, risk management and internal control for PLCs. He was the past President of IIA Malaysia and Asian Confederation of Institute of Internal Auditors, former board member of IIA Global, member of ACCA Malaysia’s Advisory and past Chairman of the Internal Audit Working Group of MIA. Wee has also worked in a number of multinational companies as Chief Audit Executive. The last position that Wee held was with AstraZeneca (UK) as the Regional Audit Director of Asia Pacific, Middle East and Africa. Among his other notable achievements, Wee had won the prestigious Malaysian Internal Auditor of the Year Award for 2001.

As a seasoned speaker, he has facilitated, spoken for and chaired numerous international, regional and national conferences organised by professional bodies throughout the span of his career in internal audit including the 2011 IIA International Conference in KL.

Apart from facilitating ICDM courses, he is also one of ICDM’s key facilitators for board and directors evaluations, bringing with him extensive experience in conducting board evaluations for major companies’ with market capitalisation ranging from RM500 million to RM30 billion, covering a wide range of industries including insurance, plantation, manufacturing and shipping. He was previously engaged by BURSA from 2013 to 2016 to conduct awareness and education for Governance, Risk and Compliance (GRC), Audit Committee (AC) and board members on risk management and internal control assurance framework and was involved in the NIEW women directors’ training programme from 2013 to 2014. He was a Research Fellow in HELP University ELM Faculty.

Wee has also sat on a number of public listed companies. In his capacity as a board member of these PLCs, he chaired the Audit and Risk Management Board Committee as well. Currently, he sits as a board member of MIMOS Berhad and the Chair for its Audit and Risk Committee.

“When your board considers only an internal assessment with no third pair of eyes, alarm bells should ring. Thinking about external board evaluation is not just about identifying options to an existing situation but about constantly imagining and innovating ideas to raise the board performance bar. By making this mindset part of your board leadership team’s culture, you automatically start to come up with a higher number and wider range of best practices.”

Wednesday | 15 January 2020

8.30am

Registration

9.00am

What Does an Effective Board Evaluation Look Like

10.30am

Networking Break

11.00am

The Company Secretary’s Role in an Effective Board Evaluation

12.30pm

Q&A Session

1.00pm

End of Event

ICDM reserves the right to amend the programme in the best interest of the event and will not be responsible for cancellations due to unforeseen circumstances.

Download brochure

REGISTRATION FEE

ICDM MEMBERS RM 135 PER PERSON (exclusive of 6% SST)

Register here

STANDARD RM 150 PER PERSON (exclusive of 6% SST)

Register here

*Subject to the membership terms & conditions. Registration is based on first-come-first-served basis.

*Subject to the membership terms & conditions. Registration is based on first-come-first-served basis.

TERMS & CONDITIONS

PROGRAMME FEE
Fee includes programme materials (in digital format) and refreshments. Please ensure that you provide a valid email address. Printed copy available upon request.

PAYMENT
Fee includes programme materials (in digital format) and refreshments. Please ensure that you provide a valid email address. Printed copy available upon request.

  • Registration(s) is confirmed only upon receiving full payment. The management reserves the right to refuse admission if payment is not received prior to the programme.
  • Full payment must be made no later than 10 days prior to the programme date through:
    • Online Transfer, Cash Deposit & Cheque Deposit
      Payment can be made to -
      Account Name: Institute of Corporate Directors Malaysia (ICDM)
      Bank Name: Maybank Islamic Berhad
      Bank Branch: Bukit Damansara
      Account Number: 564324609320
      Swift Code: MBISMYKL
    • Online payment via ICDM’s Registration System (Applicable for Non-Members Only) Payment can be made during the registration via Local Online Banking/ FPX, Boost and Credit Card.
    • Credit card payment facilities which are available onsite.
  • For registrations submitted less than 10 days prior to the programme date, full payment inclusive of taxes must be made to ICDM immediately upon registration and the proof of payment must be emailed to ICDM at development@icdm.com.my and finance@icdm.com.my.

 

CANCELLATION POLICY

1. Cancellation notice must be made in writing. The following cancellation charges apply:

    • Paid Registration
      • Less than fourteen (14) working days before the programme date: 50% of the programme fee will be charged.
      • Less than seven (7) working days before the programme date: 100% of the programme fee will be charged.
    • Unpaid Registration
      Unpaid registrations will be liable for full payment of the programme fee.

**Replacement of participant is acceptable to avoid incurring cancellation fees. Notification of replacement and the details of replacement must be sent to ICDM no later than seven (7) working days before the programme date with full payment received.

2. ICDM reserves the right to cancel or defer the programme, and/or to change venue, speaker, course date and fees due to low enrolment or any other unforeseen circumstances. ICDM shall not be responsible for any costs, damages or losses incurred by the participant due to the changes and/or cancellation.

3. ICDM will make all reasonable efforts to notify participants of changes, should they happen. Participants will be able to utilise the credit against any other programmes for the next 6 months.

HRDF Claimable
CPD POINTS & CERTIFICATE OF PARTICIPATION
  • 4 CPD Points and Certificate of Participation will be issued once you have met the requirements stated below.
    • Complete 100% of the duration of the programme
    • Submit the evaluation form at the end of the programme
  • E-Certificate of Participation will be sent via email.
  • CPD Points for ICDM Members will be updated on the ICDM Portal.
  •  
PDPA Notice

When providing ICDM with any personal data, you shall comply at all times with the Personal Data Protection Act 2010 (PDPA) and shall not in any way cause ICDM to breach any of its obligations under the PDPA Act. Upon submitting the registration, the participant and the sponsored organisation are deemed to have read and accepted the terms and conditions.

Start your journey with ICDM today



Join ICDM
Engage ICDM
Find out available

Supported by


Securities Commission Malaysia ꓲ Bank Negara Malaysia ꓲ Bursa Malaysia ꓲ Capital Market Development Fund