Launch of the 2020 Malaysian Board Practices Review Report

One year on and we are still trying to manage and cope with the wrath of the Covid-19 pandemic – the impact is far from over. There are now surges of third waves across the globe, intensifying the challenges for boards to lead effectively in an environment of recurring outbreaks that has created an unprecedented stop-and-start economy. This has forced companies and organisations to rethink what skillsets, qualities and experience their boards and executives should have if the business is to succeed. 

On the local front, the 2021 updates to the Malaysian Code on Corporate Governance (MCCG) elevated the emphasis on the practices and guidance for selection, appointment, and evaluation of directors. As businesses get more complex, the architecture of the board becomes more vital than ever. Appointing the right members serves as a crucial first step in building a sufficiently diverse board. 

Evidently, the profile mix of directors on public-listed boards today is likely a direct result of the state of practices in sourcing and appointment or reappointment of directors. The pandemic has certainly prompted companies to re-examine their board composition, addressing shortages and forecasting future needs towards building an effective board of modern times that can respond to today’s imperatives. A well-designed nominating process is key to getting the right people in place.

• Where do companies source for their board candidates?
• What are the shortlisting criteria and due diligence checks taken?
• What are the considerations taken before an actual board appointment & reappointment?
• Who is leading your board selection, nomination and evaluation exercise?
• How often was an independent external evaluation carried out?
• What are the main board evaluation criteria?
• What are the commonly used methods of evaluation and the issues and challenges faced?
• Do you know where the competency or skill gaps are within the board? Does your leadership development plan for the board address these gaps?

Join us at the launch of the 2020 Malaysian Board Practices Review Report

Gain insights from over one hundred boards’ responses on their board selection, nomination, appointment & evaluation practices