ID :
141361
Wed, 09/08/2010 - 21:07
Auther :
Shortlink :
https://oananews.org//node/141361
The shortlink copeid
SUSTAINABILITY HIGH ON BURSA MALAYSIA'S AGENDA
KUALA LUMPUR, Sept 8 (Bernama) -- The sustainability agenda in the local
stock market is developing quickly through a combination of corporate
conscience, stakeholder pressure and government policies, says Bursa Malaysia.
Bursa Malaysia is an exchange holding company approved under Section 15 of
the Capital Markets and Services Act 2007. It operates a fully-integrated
exchange, offering the complete range of exchange-related services including
trading, clearing, settlement and depository services.
Its Chief Regulatory Officer Selvarany Rasiah emphasized that the exchange
fully supported business sustainability efforts for the immense value they
brought.
The Malaysian market currently adopts a hybrid approach which is a
combination of voluntary practices and mandatory disclosures in the listing
requirements.
Speaking at a panel session "Finding the Best Balance between Exchange-led
Initiatives and Regulation" Selvarany said Bursa Malaysia was striving to raise
the bar in terms of practices and reporting on sustainability practices of
listed companies.
The session was held at UNCTAD's World Investment Forum 2010 in Xiamen,
China from Sept 8, a statement from Bursa Malaysia, quoting Selvarany, said here
Wednesday.
In line with Bursa Malaysia's aim of enhancing market quality, Selvarany
said the exchange will be introducing a sustainability guide and knowledge
portal before year-end.
The initiatives are intended to provide guidance and clarity to directors of
listed companies in managing and integrating environmental, social and
governance issues in creating more sustainable businesses.
Selvarany said the sustainability guide and portal are part of the
exchange's continuous efforts to enhance competitiveness and attractiveness of
Bursa Malaysia as a listing and investment destination.
--BERNAMA
Delete & Prev | Delete & Next


