English

VOICE OF MSWG

We welcome our new CEO Devanesan Evanson, who comes to us armed with decades of experience in the key areas of Corporate Governance, Risk Management and Internal Controls.

Until his appointment with us, Devanesan, an accountant by profession (and holder of a law degree from the University of London), was the President of the Malaysian Advisory Committee of the Association of Chartered Certified Accountants (ACCA) and a past President of the Institute of Internal Auditors Malaysia.

He spent 18 years with Bursa Malaysia where he served in various positions, including as the Head of Group Internal Audit and Risk Management, Chief Regulatory Officer and Chief Market Operations Officer, making immense contributions towards the growth of the Exchange as well as that of our capital market during that period.

We look forward to the immense contributions he will undoubtedly make in our pursuit of the highest standards of corporate governance and corporate oversight.

16.12.2017

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

K-STAR SPORTS LIMITED (“K-STAR”)

The Board of Directors of K-STAR announced that the Company had on 13 December 2017 received another notice of nomination from K-Star Sports International Limited, a substantial shareholder of the Company, for the proposed appointment of Foo Kon Tan LLP as Auditors of the Company for the financial year ending 31 December 2017 to fill in the vacancy arising due to the retirement of Messrs. Helmi Talib & Co. and to hold office until the conclusion of the next Annual General Meeting of the Company.

In view thereof, the earlier nomination of Messrs. UHY Lee Seng Chan & Co (as announced on 21 September 2017) is now regarded as irrelevant and will not be put forward for shareholders’ approval at an EGM of the Company to be convened.

08 Dec 2017

VOICE OF MSWG

MSWG-ASEAN CG RECOGNITION 2017

A big thank you to all our friends who attended our award giving ceremony at the Majestic Hotel recently and all who have contributed one way or another towards the success of the event. Your support is greatly appreciated, and we hope each one of you had a good time. To those who did not receive an award, please do not despair as we have every confidence that you may be a winner next time round.

MSWG’s assessment of the top 100 PLCs in Malaysia indicates that our listed companies continue to take corporate governance ever more seriously.

We have found that the average CG Score among the basket of a hundred companies has consistently trended higher, from the 68.20 points measured in 2012 to 85.02 points in 2016.

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

SUPERMAX CORPORATION BERHAD (“SUPERMAX”)

According to the announcement released by Supermax, Dato’ Seri Stanley Thai who is the Executive Director and Group Managing Director of the company has been convicted by the Securities Commission for insider trading offences under Section 188 of the Capital Markets and Services Act 2007. The Court has granted a stay of execution and an appeal has been filed against the conviction and sentence.

The company informed members of the public that it is business as usual in Supermax and that its Management team is committed to delivering good business performance and profitability in the interest of the company and its shareholders.

The position of the business remains intact and the Management stands strong in growing the business forward.

[Source: Supermax’s announcement on Bursa Malaysia’s website on 24 November 2017]