Bursa Reader Friendly Guide

Drafting
Drafting

For persons who draft announcements and circulars

Bursa has issued the Reader Friendly Guide in 2019 to provide guidance to persons who prepare announcements and circulars to shareholders (collectively, “Disclosure Documents”) and assist them to ensure that the disclosures are clear, simple and succinct.

The Guide recommends 3 principles for disclosure in the Disclosure Documents:
1. Highlight key information by way of “Executive Summary”.
2. Present the information in an organised and effective manner.
3. Use clear and simple language.

There are some good comparisons of simple language versus more verbose versions such as:
“because” instead of “because of the fact that”
“although” instead of “despite the fact that”

However, I am not sure if “the perceived or calculated value of a company, including tangible and intangible factors, using fundamental analysis” is easier to understand than “intrinsic value”.

The Guide could be accessed here:

Click to access Reader_Friendly_Guide_2019.pdf

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This post was first posted on Linkedin on 6 April 2021.

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