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MSWG Weekly Newsletter 08 September 2017 (English)

08 September 2017

VOICE OF MSWG

BURSA MALAYSIA CONSULTATION PAPER NO. 3/2017: MORE OVERSIGHT, MORE TRANSPARENCY

Bursa Malaysia is seeking public feedback on several proposed amendments to its Listing Requirements (LR) for both Main and ACE Market-listed companies.

The intention is to further align these protocols with the new Malaysian Code on Corporate Governance (MCCG) that had been issued by the Securities Commission (SC) in April 2017.

At the time, the SC had amended the CG rulebook to include within the MCCG a slew of fresh measures such as the Comprehend, Apply and Report (CARE) approach, shifting the onus from “comply or explain” to “apply or explain an alternative”, and the adoption of a differentiated and proportionate approach for listed issuers with differing size and complexity.

There was also greater emphasis on focus and clarity on intended outcomes rather than box-ticking and the introduction of ‘Step Up’ practices to encourage companies to go further in achieving corporate excellence.

MSWG Weekly Newsletter 25 August 2017 (English)

25 August 2017

MSWG IN THE NEWS

WATCHDOG GROUP RELIEVED AFTER BURSA SAYS NO PLANS TO LIST DUAL-CLASS SHARES

http://www.theedgemarkets.com/article/watchdog-group-relieved-after-burs...

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

SCOMI GROUP BERHAD (“SGB”) / SCOMI ENERGY SERVICES BHD (“SESB”) / SCOMI ENGINEERING BHD (“SEB”)

The Board of Directors of SGB announced that the company has submitted a formal proposal today to:

(i) the Board of SESB in respect of the proposed merger of SESB with the company; and