The finance ministry awards up to RM30,000 to whistleblowers who expose corrupt practices.

The finance ministry awards up to RM30,000 to whistleblowers who expose corrupt practices.

KUALA LUMPUR (March 13): The huge disparity between the remuneration of executive directors (EDs) and that of independent non-executive directors (NEDs) in Corporate Malaysia must be addressed to ensure higher quality and independence, according to the Institute of Corporate Directors Malaysia (ICDM).

ICDM president cum chief executive officer Michele Kythe Lim said in light of recent corporate scandals in Malaysia, questions were raised on whether corporates are attracting the right talent as independent directors, and adequate compensation plays a key role in such matters.

KUALA LUMPUR, March 13 (Bernama) – Non-executive directors (NEDs) are poorly paid in Malaysia amid the charging nature and complexity of the business environment in light of recent corporate scandals in the country.

Hence, Institute of Corporate Directors Malaysia (ICDM) president and chief executive officer Michele Kythe Lim said there was a need to balance their duties and fees to ensure right-quality people were attracted to become NEDs.

ICDM committed to improving directors’ professionalism, board effectiveness

THE Institute of Corporate Directors Malaysia (ICDM) has big plans to enhance the country’s corporate effectiveness. Launched in October last year, ICDM sees itself as a “one-stop professional institution for directors, by directors” to enhance board effectiveness and directors’ professionalism through education, competency-based sourcing of directors, evaluation, research and advocacy.

Company Directors: Coping with the Rising Expectations

KUALA LUMPUR, 28 Jun (Bernama) — Institut Pengarah Korporat Malaysia (ICDM) sedang membangunkan program yang bertujuan untuk meningkatkan budaya tadbir urus korporat dalam kalangan generasi seterusnya pengarah syarikat.

Presiden dan Ketua Pegawai Eksekutifnya Michele Kythe Lim berkata institut itu berusaha untuk membawa lebih banyak perusahaan kecil dan sederhana (PKS) menyertai program tersebut, yang merupakan sebahagian daripada pelan menyeluruhnya untuk meningkatkan budaya tadbir urus korporat dalam syarikat Malaysia.

The talent pool of independent or non-executive directors (NED) is too thin, and that is affecting the process of governance and oversight on boards throughout corporate Malaysia, experts said.

Coupled with the inadequate compensation received by NEDs, questions were also raised if companies are attracting the right people as NEDs as there is a need for better quality independent directors and NEDs sitting on boards with outspoken minority shareholders increasingly pushing for this.

Institute’s CEO says this disparity must be addressed to ensure a higher quality, independence of directors.

KUALA LUMPUR: The huge disparity between the remuneration of executive directors (EDs) and independent non-executive directors (NEDs) in corporate Malaysia must be addressed to ensure a higher quality and independence of directors, according to the Institute of Corporate Directors Malaysia (ICDM).

KUALA LUMPUR – Kalangan Pengarah Bukan Eksekutif (NED) di Malaysia menerima bayaran gaji yang amat rendah dalam persekitaran serta perubahan kompleks senario perniagaan masa kini susulan pendedahan skandal korporat di negara ini.

Sehubungan itu, Presiden merangkap Ketua Pegawai Eksekutif Institut Pengarah Korporat Malaysia (ICDM), Michele Kythe Lim berkata adalah penting bagi memastikan ganjaran dan tugas itu adalah setimpal bagi menarik penyertaan individu yang berkualiti untuk menggalas jawatan sebagai NED.