Audit, Tax, and Advisory services provider, KPMG has launched the Board Leadership Centre (BLC) to provide a combination of resources and perspective to assist corporate boards increase their engagement with insights into issues shaping business and board agendas.
KPMG’s Head of Governance and Sustainability, Kasturi Nathan said that there is a growing need for board members to have timely access to the right information with a view of harnessing it to insights and intelligence.
“Providing boards with easy access to targeted input not only raises their awareness on prevalent issues, but it also provides them with the right prompts to drive discourses in their respective companies,” she added.
The BLC is an interactive platform which serves to capacity-build technical knowledge based on regulatory laws and authoritative promulgations.
Additionally, the centre is for practical knowledge through thought leaderships and other actionable board-ready resources in key oversight areas on business sustainability and strategy with specific focus on issues relating to digitalisation, cybersecurity, and human rights.
“We recognise that board diversity is not just in the areas of gender, age or experience but diversity of opinion, personalities and capabilities.
Through BLC, we aim to provide board members with the platform to network and exchange insights that will enable them to discharge their fiduciary responsibilities,” Kasturi commented.
Last year, the Securities Commission Malaysia created the Annual General Meeting Corporate Governance Checklist (Checklist) to highlight questions for shareholders to consider in preparation for an Annual General Meeting (AGM).
Malaysia was seen to be among the few countries to move the needle on corporate governance with a drive for coordinated governance framework across group structures, heightened disclosures, and market-led impetus for sustainable practices also last year.
“With this continuing to gain traction, the board plays a fundamental role in driving discussions on its business strategies, its corporate purpose and the long term implications this has on their businesses,” Kasturi concluded.
