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2024

IIC CORPORATE GOVERNANCE CONFERENCE 2024
COUNTDOWN TO 2030: INVESTING TOWARDS SUSTAINABLE DEVELOPMENT IN MALAYSIA
5 MARCH 2024 (TUESDAY)
CONFERENCE HALL, SECURITIES COMMISSION, MALAYSIA

What a phenomenal journey it has been! The IIC Corporate Governance Conference 2024 concludes on a high note, marking it as an immense success. With esteemed speakers gracing our stage and fostering engaging discussions, we’ve set new standards in corporate governance discourse.

A heartfelt thank you to YB Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II for honouring us with his presence to deliver the Keynote Address and officiating the event. Your support truly elevated our Conference. We extend special appreciation to Datuk Hajah Nik Amlizan Mohamed, Chairman of Institutional Investors Council (IIC)/Chief Executive Officer of Kumpulan Wang Persaraan (Diperbadankan) [KWAP], for her Welcome Address and Dato’ Seri Dr Awang Adek Hussin, Executive Chairman of Securities Commission Malaysia for delivering the Opening Address.

Special gratitude goes to Capital Market Development Fund (CMDF) as our main supporter whose unwavering support made this event possible including other supporters as below:

Plantinum Supporters:
1. Kumpulan Wang Persaraan (Diperbadankan) (KWAP)
2. Kenanga Investors Berhad
3. Kumpulan Wang Simpanan Pekerja (KWSP)
4. Permodalan Nasional Berhad
5. Abrdn Malaysia Sdn. Bhd
6. Principal Asset Management Berhad Principal Malaysia
7. S&P Global Market Intelligence & S&P Global Sustainable1

Silver Supporters:
1. Private Pension Administrator Malaysia (PPA)
2. Pertubuhan Keselamatan Sosial (PERKESO)
3. Maybank Asset Management Sdn. Bhd.
4. RHB Islamic International Asset Management Berhad

Bronze Supporters:
1. Inari Amertron Berhad
2. ⁠Lembaga Tabung Angkatan Tentera (LTAT)

A round of applause to our lineup of speakers and moderators who generously shared their insights and expertise, enriching our discussions. We extend our sincere gratitude to all participants for contributing to the vibrant exchange of ideas.

Last but not least, a resounding applause for the tireless efforts of the organizing committee from the Institutional Investors Council (IIC) Secretariat and joint organizers from Securities Industry Development Corporation (SIDC). Your dedication and hard work were instrumental in making this conference a resounding success.

Here’s to another year of progress, collaboration, and advancement in corporate governance!

#IICConference2024 #CorporateGovernance #SuccessCelebration #IICM #institutionalinvestors #sustainability #esg

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2024

Date Activities/Events
 

10 January 2024

 

 WG meeting on Proxy Voting

Discussed the proxy voting platform project with the objective of coming out with the local version of the proxy voting mechanism as an alternative to the foreign sources’ providers to assist IIC’s members and beyond to vote with informed decisions at annual shareholders’ meetings as well as encourage further transparency in governance.
10 January 2024

 

 WG meeting on CG Conference 2024:

Discussed on the preparation for the CG Conference 2024 to be held on 5 March 2024.
16 January 2024 SIP: Masterclass on ESG Training

Cohort 1: Group A

The training was held at the Securities Commission Malaysia and was exclusively available for IIC members.  The main area of focus during the training were ESG analysis and valuation Integration as well as ESG-integrated portfolio construction and management.  The training program was a was collaboration between IIC and CMM together with PRI Academy.

(Attended by 25 participants)
17 January 2024

 

 SIP: Masterclass on ESG Training

Cohort 1: Group B

The training was held at the Securities Commission Malaysia and was exclusively available for IIC members.  The main area of focus during the training were ESG analysis and valuation Integration as well as ESG-integrated portfolio construction and management.  The training program was a was collaboration between IIC and CMM together with PRI Academy.

(Attended by 25 participants)
22 January 2024 Company Engagement with Sime Darby Plantation Berhad

Discussion between senior management of Sime Darby Plantation and members of the IIC primarily focusing on the company’s ESG and sustainability journey and its alignment with Sime Darby’s broader strategic initiatives.  In addition, the discussion also covered various governance-related topics.

The meeting took place at the Headquarter of Sime Darby Plantation Berhad, Ara Damansara.
 

6 February 2024

 SIP: Masterclass on ESG Training

Cohort 2: Group A

The training was held at the Securities Commission Malaysia and was exclusively available for IIC members.  The main area of focus during the training were ESG analysis and valuation Integration as well as ESG-integrated portfolio construction and management.  The training program was a was collaboration between IIC and CMM together with PRI Academy.

(Attended by 25 participants)
6 February 2024 SIP: Masterclass on ESG Training

Cohort 2: Group B

The training was held at the Securities Commission Malaysia and was exclusively available for IIC members.  The main area of focus during the training were ESG analysis and valuation Integration as well as ESG-integrated portfolio construction and management.  The training program was a was collaboration between IIC and CMM together with PRI Academy.

(Attended by 25 participants)
5 March 2024 CG Conference 2024

Venue: Securities Commission

IIC was pleased to host the Corporate Governance Conference on 5 March 2024, which was officiated by the Minister of Finance II. We believed that corporate governance was more than a sustainability pillar – it was the necessary precondition to fully address social and environmental concerns.

The conference brought together institutional investors, company directors, government policymakers, and other stakeholders discussing the challenges and opportunities of investing towards sustainable development.

The conference featured keynote presentations and panel discussions on a range of topics, including:

  • The role of institutional investors in promoting sustainability
  • Board governance for sustainability
  • ESG reporting and disclosure
  • Sustainability risks and opportunities

CG CONFERENCE 2024
26 March 2024 IIC Council Meeting No.1/2024

Time: 10:30 am – 12:30 pm
25 April 2024 Company Engagement 1: Axiata Group Berhad

Time: 10:00 am – 12:00 pm
15 May 2024 Company Engagement 2: Berjaya Food Berhad

Time: 10:00 am – 12:00 pm
10 June 2024 IIC Council Meeting No.2/2024

Time: 9:15 am – 11:00 am

Venue: KWAP
10 June 2024 5th IIC AGM

Time: 11:00 am – 12:30 pm

Venue: KWAP
27 June 2024 Company Engagement 3: Boustead Holdings Berhad

Time: 10:00 am – 11:30pm
28 June 2024 Company Engagement 4: CIMB Group Holdings Berhad

Time: 10:00 am – 11:30pm
10 July 2024 Company Engagement 5: DRB-HICOM Berhad

Time: 10:00 am – 11:30pm
24 July 2024 Company Engagement 6: Gamuda Berhad

Time: 10:00 am – 11:30pm
8 August 2024 Company Engagement 7: Malakoff Corporation Berhad

Time: 10:00 am – 11:30pm
22 August 2024 Company Engagement 8: Malayan Cement Bhd

Time: 10:00 am – 11:30pm
12 September 2024 IIC Council Meeting No.3/2024

Time: 10:00 am – 11:30pm
19 September 2024 Company Engagement 9: MISC Group

Time: 10:00 am – 11:30pm
8 October 2024 Company Engagement 10: Press Metal Aluminium Holdings Berhad

Time: 10:00 am – 11:30pm
22 October 2024 Company Engagement 11: Sapura Energy Berhad

Time: 10:00 am – 11:30pm
20 November 2024 Company Engagement 12: Wesports Holdings Berhad

Time: 10:00 am – 11:30pm
12 December 2024 IIC Council Meeting No.4/2024
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April 2024

Balancing Act for Effective Governance

Star Biz7, 13 April – 19 April 2024

Higher Stakes for Stakeholders

Star Biz7, 13 April – 19 April 2024

Company Engagements

In line with one of its strategic priorities to enhance corporate governance in the capital market, the IIC undertakes collective engagements with public listed companies via purposeful dialogue on the oversight of strategy, performance, governance, relations with stakeholders and risk management.

The company engagements are led by the Council Members whereby IIC engages with the board members of the PLCs, including the senior management. The first engagement took place in November 2017, with future company engagements being planned as part of IIC’s activities.

LIST OF COMPANY ENGAGEMENTS

23 OCTOBER 2023
PETRONAS DAGANGAN BERHAD AND PETRONAS GAS BERHAD
Issues Discussed
  • Financial & operational highlights
  • Net zero emission target
  • Committed to upholding high standards of CG
  • Continued value creation with SMEs
27 SEPTEMBER 2023
TENAGA NASIONAL BERHAD
Issues Discussed
  • Expansion of EV charging facilities
  • TNB roles in NETR
  • Reduced usage of coal in PP
  • ESG and sustainability journey
14 SEPTEMBER 2023
PETRONAS CHEMICALS BERHAD
Issues Discussed
  • Financial & operational highlights
  • Governance and sustainability
  • Growth aspirations, approach and execution
  • Sustainability risks
  • Future direction & prospects of the Group
16 AUGUST 2023
AMMB HOLDINGS BERHAD
Issues Discussed
  • Financial & operational highlights
  • Net zero ambition 2050
  • Focus on green financing
31 JANUARY 2023
MALAYAN BANKING BERHAD
Issues Discussed
  • Financial & operational highlights
  • Maybank’s sustainability agenda
  • Measures to resolve online scams
15 april 2021
TOP GLOVE CORPORATION BERHAD
Issues Discussed
  • Financial Performance and Track Records
  • Proposed Dual Primary Listing on HKEX
  • Progress Update on CBP WRO Status
  • Workers’ Hostels Improvement
  • Corporate Governance
  • Independent Directors’ Commitment
  • Future direction & prospects of the Group
2 april 2021
AMMB HOLDINGS BERHAD
Issues Discussed
  • Bursa announcement briefing on Proposed Private Placement
  • Goodwill for impairment
  • Rationale for private placement
  • Key considerations of stakeholders
26 march 2021
AMMB HOLDINGS BERHAD
Issues Discussed
  • Global Settlement with MOF Malaysia
  • Operations Overview Post BNM moratorium period
  • AmBank Group Transformation Programme
  • Remediation projects and outcome
  • Financials
  • Future direction & prospects of the Group
19 november 2020
FGV HOLDINGS BERHAD
Issues Discussed
  • Operations Overview
  • Governance & Integrity Framework
  • Termination of Land Lease Agreement (LLA)
  • Sustainability Highlights
  • Withhold Release Order (WRO) issued by US Customs and Border Protection on palm oil and palm oil
    products by FGV and its subsidiaries and joint ventures
  • Governance & board leadership issues at listed subsidiary company
  • Proposal from Perspective Land (M) Sdn Bhd to inject plantation assets into FGV
  • Future direction & prospects of the Group
26 august 2020
bursa malaysia BERHAD
Issues Discussed
  • Financial and operational highlights
  • Board governance
  • Surveillance on governance of PLCs including fit and proper test on board appointments
  • PN17 companies
  • Market structure & vibrancy
  • Developments in Sustainability Reporting and sustainability practices by PLCs
  • Future direction & prospects of the Group
20 december 2019
ioi corporation BERHAD
Issues Discussed
  • Financial and operational highlights
  • RSPO certification
  • Transboundary haze issue and management/mitigation plans
  • High CEO remuneration
  • Gratuity payment
  • Future direction & prospects of the Group
21 october 2019
tenaga nasional BERHAD
Issues Discussed
  • Financial and operational highlights
  • Industry reform under MESI 2.0
  • TNB Internal Reorganisation Plan & Transformation Plan
  • International portfolios
  • Sustainability agenda including plans on renewable energy (RE)
  • Whistleblowing policy and implementation
  • Future direction & prospects of the Group
23 august 2019
IHH HEALTHCARE BERHAD
Issues Discussed
  • Financial and operational highlights
  • Turnaround plan for Fortis Healthcare
  • IHH Group’s expansion plans and challenges faced in new markets
  • Board diversity and succession planning
  • High CEO remuneration
  • Status of IHH’s mandatory open offer and material litigation cases
  • Future direction & prospects of the Group
24 APRIL 2019
MALAYSIA AIRPORTS HOLDINGS BERHAD
Issues Discussed
  • Financial and operational highlights
  • Board diversity and succession planning
  • Corporate Integrity Unit and Whistleblowing Policy
  • Ongoing major corporate developments, e.g. revised OA, RAB framework, etc.
  • Future direction & prospects of the Group
18 MARCH 2019
TELEKOM MALAYSIA BERHAD
Issues Discussed
  • Financial and operational highlights
  • Board governance and leadership
  • ESG initiatives
  • Future direction & prospects of the Group
13 September 2018
top glove corporation berhad
Issues Discussed
  • Financial and operational highlights
  • Acquisition of Aspion Sdn Bhd and ongoing litigation
  • ESG initiatives
  • Board/ management focus moving forward

LIST OF COMPANY ENGAGEMENTS

21 may 2018
sapura energy berhad
Issues Discussed
  • Financial & operational highlights
  • Excess capacity & impairment of rigs
  • Funding requirements for expansion
  • High Group CEO remuneration package
  • Future direction & prospects of the Group
9 Mar 2018
Felda Global Ventures Holdings Berhad
Issues Discussed
  • Board structure and composition
  • Board remuneration
  • Market concerns on LLAs and Golden Share
  • CG practices & whistleblowing policy and procedures
  • Risk management
  • Research and development
  • Impact of legacy issues
  • Issues at listed subsidiary company
  • Future direction & prospects of the Group
10 Nov 2017
Lotte Chemical Titan Holding Berhad
Issues Discussed
  • Concerns on various incidents in 2017
  • Strengthening risk management
  • Compliance with domestic and international environmental laws and standards
  • Better management of communication with analysts and media
  • Public shareholding spread
  • Board’s role to ensure good governance arrangements are put in place

Conferences

IIC in collaboration with Climate Governance Malaysia will be organising a Webinar on “Making Informed Decisions About Climate Risk” on 3 September 2021 (Friday) at 2:30 pm to 3.50 pm.

Two speakers from S & P Global, Micheal Salvatico and Sannya Joseph will be sharing with us some insights on the following :
o What is climate change scenario analysis?
o How to measure portfolio exposure to climate change related risks both transition and physical risk
o How to measure portfolio alignment to Paris Agreement and a 1.5 Degree world
o How do investors manage portfolio climate risk exposure?
o Why ESG and Climate Resilient indices are more sustainable benchmarks

This will be followed by a Panel Discussion with the following panelists :

o Nurhisham Hussein, Chief Strategy Officer, EP
o Azlan Hussein, Director/Head of Equity, KWAP

A post event has also been arranged exclusively for IIC Members where members are given the opportunity to have conversation with the representatives of S & P Global.

Tentative programme of the webinar is as follows :-

(2:30pm) Welcome Address by Puan Rohaya Mohammad Yusof, Chairman, IIC

(2:35pm) Presentation by Michael Salvatico and Sannya Joseph, S&P Global 

(3:05pm) panel discussion with other key opinion leaders 


Post-event

(3:35pm) S&P Global in Conversation with IIC (20 min) – Q&A

For more details of the programme and registration, please go the following link :

https://www.cgmalaysia.com/event-details/making-informed-decisions-about-climate-risks