Institute of Corporate Directors Malaysia (ICDM)

Strategic Collaboration Between ICDM and Institute of Directors (IoD) UK We are thrilled to announce a collaboration between the Institute of Corporate Directors Malaysia (ICDM) and the Institute of Directors (IoD UK). This strategic partnership aims to strengthen the bond between our organisations, leveraging our shared commitment to advancing corporate governance and board leadership excellence.   ICDM and the IoD UK have set ambitious goals to benefit our respective members. Our collaboration seeks to: Exchange Insights and Best Practices: We aspire to facilitate the exchange of insights, research findings, and best practices in corporate governance. By pooling our expertise, we can elevate governance standards globally.   Enhance Skills and Competencies: Through joint training and development programmes, workshops, and educational resources, we aim to empower our members with the skills and competencies necessary for effective governance, leadership, and board effectiveness.   Create a Global Community: This collaboration fosters networking opportunities for members from both organisations. Let’s connect, collaborate, and share experiences, forming a global community of governance professionals.   Global Impact and Reciprocal Membership Benefits Our commitment extends beyond borders. Through our collaborative efforts, we foster ethical leadership, contributing to a positive influence on organisations globally. Specifically, this collaboration is advantageous for those with business relations in Malaysia and ASEAN and, the UK, as they will receive robust support through our reciprocal membership benefits.   For further details on how members can leverage this collaboration, visit our website: https://lnkd.in/epCTAgiA   Let’s embark on this exciting journey together, advancing corporate governance and shaping a brighter future for organisations across the globe!   #ICDMxIoDUK #LeadershipCollaboration #CorporateGovernanceExcellence #MembershipBenefits 

Exciting Insights on Board Directorship! Dive into the transformative perspectives on board roles in the article by Business Today titled, "Redefining Board Directorship: A Career Capstone or Evolution?", where it features insights from Michele Kythe Lim, President and CEO of ICDM. It encapsulates the essence of the evolving complexities and dynamic nature of board directorship in today’s fast-paced business environment. In this article, Michele talks about: Adaptive Leadership: Effective leadership hinges on the ability to adapt to changes and maintain strategic oversight. Board Composition: A board should be diverse, independent, and possess a balanced mix of skills. Success Factors: Observational skills, competence, humility, continuous learning, and collaboration are essential for achieving a common vision of success. Diversity and ESG: Emphasising the significance of diversity, environmental, social, and governance (ESG) factors, ongoing development, board culture, and succession planning. Chairperson’s Role: An effective chairperson is crucial for unifying different perspectives and leading strategic discussions. Nomination Process in Malaysia: While there is a structured nomination process prioritising formal qualifications and diversity, most board appointments still stem from personal connections or shareholder nominations. To address future challenges and skill gaps, boards are encouraged to utilise independent professional sources for talent sourcing. Corporate Governance (CG): Leaders must acknowledge the repercussions of poor CG and implement checks and balances at all levels. Governance Challenges: Arising from the survey done for the 2024 ASEAN Board Trends report, results point to critical threats and governance areas needing immediate attention to boost board effectiveness, including talent and leadership, geopolitical uncertainties, operational strategies, and board-management dynamics. Self-Governance: Boards must self-govern effectively to oversee their organisations properly, which includes a commitment to continuous learning and self-assessment. It's a must-read for current and aspiring board members who aim to navigate their roles with foresight and strategic insight. Read the two-part article and discover how directorship is not just a career milestone but an ongoing journey of growth and adaptation. Read more here: Part 1 :  https://lnkd.in/g-pfaQJQ Part 2: https://lnkd.in/gnDTDSRh #BoardLeadership #CorporateGovernance #DirectorshipEvolution #ICDM

Unlocking Capital for Sustainability 2024 Malaysia ICDM had the honour of moderating a pivotal session at the Unlocking Capital for Sustainability 2024 Malaysia conference yesterday. The session, titled “Board Governance and Stewardship for Malaysia’s Transition,” was moderated by Jackie Mah and delved into the critical role of effective board governance and stewardship in ensuring the long-term success and sustainability of organisations. Key insights from the session included: · The importance of directors overseeing strategic direction, risk management, and ethical conduct. · Building board competence to drive value creation. · Steering organisations to capitalise on commercial opportunities in Malaysia’s economic transition. Thank you to all the participants and speakers for an engaging and insightful discussion and hope it provided invaluable perspectives on how you as a board member can empower your organisations to thrive in a sustainable future. #Sustainability #CorporateGovernance #BoardStewardship #ICDM #DecarbonisingGrowth #SustainableFuture

In today’s fast-paced digital world, our gadgets are practically our best friends, both at home and at work! Electronics are everywhere, from the smartphones we are glued to, to the computers and peripherals we can’t seem to live without. That’s why were super excited to team up with ERTH, a fantastic electronic recycling social enterprise as part of our corporate CSR exercise. ERTH is helping us to recycle almost 200kg of electronic items we amassed throughout our business. From items such as laptops, desktops, printers, cables and wires, phones, computer peripherals, old projectors, CPUs, and even a small vacuum cleaner! We are happy that these electronics will now find a new lease of life as we play our part, albeit small, in ensuring a sustainable future for our community. #CSR #RecycleElectronics #TechForGood #SustainableFuture #ERTHRecycling

Thank you to all the participants who joined our special in-person session, “Navigating Directorship: Legal Consequences, Responsibilities, and Risks in Office,” featuring Chithra Ganesalingam, former Non-Executive Chairman of Apex Equity Holdings Berhad. Here’s a recap of the insightful event: Key Takeaways: Directors’ Indemnity Provisions: We delved deep into the legal aspects of directorship, exploring indemnity provisions under the Companies Act 2016. Understanding these provisions is crucial for directors’ protection. Real-World Case Studies: Chithra shared real-world scenarios, including her own experiences illustrating the challenges and responsibilities faced by directors which helped enrich our understanding of practical implications. D&O Liability Insurance: Our joint session with an insurance broker shed light on D&O liability insurance. We discussed coverage extent, claim processes, and risk mitigation strategies. Regulatory Compliance: Staying informed and compliant with relevant laws and regulations is crucial to avoid legal penalties and maintain corporate integrity. Participants were excited to gain practical insights and engage in meaningful discussions. Many expressed their appreciation for the comprehensive content and Chithra’s expertise. Stay tuned for more elevating sessions in our ICDM Director Series 2024!  #ICDM #CorporateGovernance #DirectorshipInsights

Bowling into the Weekend with a Bang! Last Friday, ICDM employees converged on the Supreme Cosmic Bowl in Mid Valley for the ICDM Bowling Tournament 2024! The lanes were alive with excitement as employees split into three teams, each aiming to strike their way to victory. The atmosphere was electric with cheers and applause echoing throughout the alley. Team C1 comprising of Jackie Mah, Ameerul Zakiy Norzazli, Izzat Hazriq Abdul Samad, Aziemah Mohamad and Nabiehah N. bowled their way to the top, clinching the Champion title in the Group category, while Siti Dahlia Yazid dazzled everyone to earn her crown in the Individual category! But this event was more than just a game—it was a celebration of workplace well-being, capturing the spirit of fun, laughter, and team spirit. Let’s keep the ball rolling for wellness and unity! #ICDMBoleh #EmployeeWellness

In the dynamic world of financial services in Asia, our board faces various challenges—these range from economic concerns and staff management to resource allocation. Moreover, technology-related issues like cybersecurity, privacy, and artificial intelligence (AI) are becoming increasingly critical. On top of that, with the rapid expansion of Artificial Intelligence (AI) and its subset, Generative AI, boards globally grapple with understanding how best to utilise AI while ensuring proper governance is being put into practice. Therefore, a calculated approach is a must. Moving too fast without sufficient clarity can amplify both traditional risks and new ones introduced by Gen AI; conversely, moving too slowly might make the organisation obsolete. Learn more on this in this article by Dr Alex Zarifis & Dr Larisa Yarovaya: How Leadership in Financial Organisations Build Trust in AI: Lessons from Boards of Directors in Fintech in Malaysia here: https://lnkd.in/gjv4C3u6

🇲🇾 𝗦𝗮𝘃𝗲 𝘁𝗵𝗲 𝗱𝗮𝘁𝗲! 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗳𝗼𝗿 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮 𝗶𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆! 🔥 At 4PM (GMT+8), you will be able to attend a fireside chat on the importance of board governance and stewardship for Malaysia’s transition to renewables. How can boards build competence in areas such as #strategicdirection, risk management and ethical conduct of companies? How can directors drive #valuecreation by steering their organisations to capitalise commercial opportunities in Malaysia’s economic transition? 💬 Dive into the boardroom with us during this dialogue in partnership with Institute of Corporate Directors Malaysia (ICDM). ☘ Datin Seri Sunita Rajakumar, Chair, Climate Governance Malaysia ☘ Tony Chin Kok Sang, Advisory board member, Kanzun Ventures Management ☘ Jackie Mah, Executive vice president, Institute of Corporate Directors Malaysia (ICDM) ——————————— Eco-Business is proud to partner with Capital Markets Malaysia (CMM), CIMB, UOB, Siemens Energy, OCBC, PPB Group Berhad, Proforest, Institute of Corporate Directors Malaysia (ICDM), Asia Investor Group on Climate Change (AIGCC), Centre for Asian Philanthropy and Society (CAPS), ESG Malaysia and more for this event. #unlockingcapitalforsustainability #unlockingcapital #unlockingcapitalforsustainability2024

Calling all seasoned executives and emerging leaders! We are excited to be part of the People & Culture Conference 2024 (PACC 2024) where Michele Kythe Lim, our President & CEO is invited as one of the esteemed speakers. She will deliver a keynote speech on Global Leadership: Prioritising People at The Heart of Corporate Governance & Business Growth. This two-day event, organised by @The Malaysia Institute of Development for Professionals (MIDP), will feature interactive sessions led by industry experts and thought leaders, as they deep dive into cutting-edge trends and revolutionary strategies in people and culture management Join Michele for an enlightening session where she will talk about effective strategies, share her invaluable experiences, and draw upon insights from ICDM to empower you to enhance your leadership capabilities. Here are the Conference details: Date: 6 - 7 August 2024, Tuesday and Wednesday Time: 8.30 am - 5.30 pm Venue: Aloft Kuala Lumpur Sentral   Registration fee: ICDM members are entitled for an exclusive 30% Partner’s Discount on the registration fees for RM1,800.00 per pax. Here’s how: 1.     Go to https://lnkd.in/eMfxbND2 and click ‘Register Now’ 2.     Fill in the Registration Form and in the ‘Payment Procedures’, select ‘Partner’s Discount’ 3.     Upon submission, the organising committee will email an invoice to the participants within 48 working hours. For registration and more information about the event, please visit https://lnkd.in/eMfxbND2

We are honoured to have the royal presence of DYTM Raja Puan Muda Perlis, Tuanku Dr. Hajah Lailatul Shahreen Akashah Khalil and a delegation from the Yayasan Tuanku Fauziah to ICDM for a business visit.