KUALA LUMPUR, Malaysia, June 3, 2016 (Antara/Bernama-AsiaNet) --
The Malaysian Directors Academy (MINDA) launched its expanded role to be the institute of director for Malaysia. The launch was officiated by YB Datuk Johari Abdul Ghani, Second Deputy Minister of Finance, Malaysia.
Datuk Johari, in his keynote address said “In the ten years since its inception, MINDA has continued to evolve from initially dealing with development of directors of government-linked companies (GLCs) to becoming the institute of directors for Malaysia. Company directors equipped with the knowledge and skills and effective boards are integral to the nation’s transformation into a developed and high-income economy. This marks an important achievement for MINDA as it celebrates the launch of MINDA 2.0 – to be the institute of directors for Malaysia. The aim of MINDA 2.0 is to further steer professionalism and good corporate governance among company directors in Malaysiaâ€.
He further added, “I am confident that MINDA, as an independent body and the custodian of the Green Book, is best positioned to be the institute of directors for Malaysia. This role would include acting as the sounding board for company directors on policies and regulatory guidelines; setting the standards for directors; promoting continuous development and effectiveness of directors; conducting research and advocacy in good corporate governance; and building a database on capable directors to facilitate selection of new directors for boardsâ€, continued Datuk Johari.
The launch witnessed the MoU signing ceremony between MINDA and Australian Institute of Company Directors (AICD), Indonesian Institute for Corporate Directorship (IICD) as well as The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The collaboration initiatives cover research and advocacy work on board effectiveness best practices, directors sourcing, case development, consulting assignments, joint programme development and promotions.
MINDA in partnership with AICD, will host the International Foundations of Directorship Course (IFOD) on 15-17 August 2016 in Perth, Australia. “IFOD is a timely add on to our director programme as more and more of our local businesses are venturing abroad. There are pertinent issues, challenges and practices arising from diverse regulatory regime, cultural and social borders as well as legal frameworks and compliance requirements. As directors of international organisations, they need to know how to manage issues such as director diversity, cultural implications and performance best practice’, said Dato’ Abdul Aziz Abu Bakar, Executive Director of MINDA.
The event was attended by company chairmen and directors, regulators, stakeholders and subject-matter-experts who share deep interest in the development of board and directors in Malaysia.
MINDA was first established in 2006 to enhance board effectiveness under Green Book’s Initiative 2 on Strengthening Directors Capabilities of Government-Linked Companies (GLC) Transformation (GLCT) Programme. Since 2012, MINDA has opened its door to all Malaysian corporate directors from public listed companies to private sector and SMEs to enhance director and board effectiveness in pursuit of good corporate governance in the country.
For more information, please contact:
Ms Diana Seow
Head, Member Relations
Mobile: +6012-2275-225
Email: diana@minda.com.my
SOURCE : Malaysian Directors Academy (MINDA)
Reporter: PR Wire
Editor: PR Wire
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