KUALA LUMPUR: Bursa Malaysia will be introducing a Sustainability Guide and knowledge portal before end-2010 to provide guidance and clarity to directors of listed companies on managing and integrating environmental, social and governance issues in creating more sustainable businesses.Its chief regulatory officer Selvarany Rasiah said on Wednesday, Sept 8 these efforts, in line with Bursa Malaysia's aim of enhancing market quality, would be coupled with education and awareness programmes for Malaysian directors.
Selvarany said that the sustainability guide and portal are part of the Exchange's continuous efforts to enhance the competitiveness and attractiveness of Bursa Malaysia as a listing and investment destination.
Speaking at a panel session "Finding the Best Balance between Exchange-led Initiatives and Regulation" at UNCTAD's World Investment Forum 2010 in Xianmen, China on Sept 8, Selvarany said Bursa Malaysia strives to raise the bar in terms of practices and reporting on sustainability practices of listed companies. She said the sustainability agenda in the Malaysian capital market was developing quickly through a combination of corporate conscience, stakeholder pressure and government policies.Selvarany said Bursa Malaysia fully supports business sustainability efforts for the immense value it brings and that the Malaysian market currently adopts a hybrid approach which is a combination of voluntary practices and mandatory disclosures in the Listing Requirements.
Bursa Malaysia plans guide, portal for directors to create more sustainable businesses
Selvarany said that the sustainability guide and portal are part of the Exchange's continuous efforts to enhance the competitiveness and attractiveness of Bursa Malaysia as a listing and investment destination.
Speaking at a panel session "Finding the Best Balance between Exchange-led Initiatives and Regulation" at UNCTAD's World Investment Forum 2010 in Xianmen, China on Sept 8, Selvarany said Bursa Malaysia strives to raise the bar in terms of practices and reporting on sustainability practices of listed companies. She said the sustainability agenda in the Malaysian capital market was developing quickly through a combination of corporate conscience, stakeholder pressure and government policies.Selvarany said Bursa Malaysia fully supports business sustainability efforts for the immense value it brings and that the Malaysian market currently adopts a hybrid approach which is a combination of voluntary practices and mandatory disclosures in the Listing Requirements.
Bursa Malaysia plans guide, portal for directors to create more sustainable businesses
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