ON the local front, beset with a plethora of challenges, especially the lack of transparency and governance relating to poor investment decisions leading to excessive exposure to risky financial practices as well as a spate of corporate scandals and the 1997 financial crises, the Securities Commission

KUALA LUMPUR: There is potential for upside in terms of remuneration fees for non-executive directors (NEDs) in Malaysia, according to Institute of Corporate Directors Malaysia (ICDM) chief executive officer Michele Lim.

Lim said there was a huge gap between the fees received by NEDs and executive directors (EDs).

“Whether it is right or wrong, companies need to be able to compare according to the responsibilities of the NEDs today,” she said during a briefing on the Malaysian Board and Senior Management Remuneration Practices Report yesterday.

KUALA LUMPUR (Oct 31): A more standardised and complete disclosure of board remuneration is needed in Malaysia to attract and retain board talent, ac

The Institute of Corporate Directors Malaysia (ICDM), Malaysia’s national Institute of Directors (IoD) and the leading advocate for professionalising boards and directors in the country has unveiled its inaugural report, titled “Malaysian Board & Senior Management Remuneration Practices Report.”

KUALA LUMPUR: Median remuneration of listed firms’ non-executive directors across sectors in Malaysia stand at RM113,750 with financial servi

KUALA LUMPUR – Scheduled reviews for company directors are crucial for companies to stay on top of their remuneration practices, ensuring better governance and their alignment with industry and market standards, said Bursa Malaysia chief regulatory officer Julian Hashim.

He said companies are encouraged to standardise their disclosures to include all components such as board fees, allowances, benefits-in-kind and other emoluments for boards, plus salary, bonus, other allowances or equity for senior management.