The Guidelines on Conduct of Directors of Listed Corporations and Their Subsidiaries

Directors

The Securities Commission of Malaysia (“SC“) has issued The Guidelines on Conduct of Directors of Listed Corporations and Their Subsidiaries pursuant to the the Securities Commission Act 1993. The guidelines is a restatement of the standards that are expected of directors as fiduciaries.

The effect of the guidelines is that SC can now take action for a breach of a director’s fiduciary duty. Prior to the guidelines coming into effect, any offence for breach of fiduciary falls under the Companies Act 2016, which is under the purview of the Companies of Commission.

This post was first posted on Linkedin on 3 September 2020.

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