Bursa Malaysia’s Enhanced Conflict of Interest (COI) Disclosure Requirement – Understanding and Navigating Its Changes

With the enhanced COI requirements that came into effect on 1 July, 2023, the Exchange has clarified that an interest in a COI involving the said person is not limited to direct financial interest but also includes indirect financial interest, non-financial interest (e.g., arising from relationships, whether family, business, or professional interests), or competing loyalties or interests.

Failure to comply with these requirements may result in penalties of up to RM3 million or imprisonment for a maximum of 5 years.

Webinar Outline

Our upcoming webinar is designed to provide you with a comprehensive understanding of these enhancements and their impact on your organisation. Led by our Managing Director for Asia, Corporate Secretarial, BoardRoom Group, Ms. Samantha Tai, and featuring guest speaker Ms. Yon See Ting from Christopher & Lee Ong, the session will cover the following key topics:

Overview of Changes to Listing Requirements on Conflict of Interest (“COI”):

• What are the amendments?
• What is COI and Potential COI? Illustrated with examples.
• Who is responsible for disclosing COI and Potential COI?
• Key Requirements on COI according to the Companies Act 2016.
• The role of the Audit Committee.
• Implementation Timeline.

Legal Implications of COI: Legal Frameworks, Regulatory Challenges, and Consequences:

• Penalties and Sanctions for non-compliance.
• Understanding the legal implications and best practices.
• Learning from case studies.

Key Takeaways

Join this webinar to:

• Gain valuable insights into these critical enhancements.
• Learn how to adapt best practices to comply with the new requirements effectively, elevate your governance practices, foster accountability, and enhance investor confidence.
• Discover tips to mitigate risks of non-compliance.