Introduction to Corporate Directorship In The New Era of ESG

Programme Overview

Sustainability has gone mainstream in the corporate world. Corporate boards are obligated to identify and address these risks as part of their essential fiduciary duty to protect the long-term value of the organisation.

The enhanced edition of the Introduction to Corporate Directorship flagship programme will feature a spotlight on the board’s central role in overseeing and integrating ESG risks and opportunities into their organisation’s strategy formulation, decision-making and risk management. On the Governance front, it is crucial for directors to understand the fundamental principles and elements of good corporate governance, the fiduciary duties and liabilities as expected of directors under the Companies Act (CA) 2016 and what it takes to be effective within today’s evolving business environment.

Whether newly appointed or those directors with experience, it is important to be aware of the essential functions of a board, its structure and accountabilities, as well as oversight responsibilities including corporate strategy, finance, risk and stakeholder engagement and how they will navigate boardroom conversations in terms of board meetings processes, dynamics and contribution. From the local regulatory perspective, boards must have sight of the elements of anti-corruption and adequate procedures to address Section 17A of the Malaysian Anti-Corruption Commission Act 2009 which assigns legal liability to commercial organisations should their employees or associates commit corruption offences, as well as governance best practices highlighted under the Malaysian Code on Corporate Governance (MCCG 2021).

Building upon these fundamentals will ensure that directors’ maximise their effectiveness in the boardroom and help keep them updated on the latest laws and regulations related to their obligations.

Learning Outcomes

• Define the board’s roles and responsibilities as well as characteristics of successful board leaders.
• Discuss the principles and elements of good Corporate Governance (CG) in ensuring the integrity and efficiency of the organisation based on the Malaysian Code on Corporate Governance (MCCG 2021).
• Understand the imperative role of the Board and its contribution to the organisation’s growth and performance, and develop capability to influence and manage board relations.
• Recognise the responsibility in driving the ESG agenda – support the board in responding to conflicting demands and societal challenges to the organisation