Page 162 - SC SCAR 2023 ENGLISH Flipbook

PART 5 ORGANISATION INFORMATION
• •
•
•
•
•
• •
•
•
•
•
regulate the take-overs and mergers of companies;
promote and regulate all matters relating to fund management, including unit trust schemes and PRS;
supervise and monitor the activities of any exchange holding company, stock exchange, derivatives exchange clearing house and central depository;
take all reasonable measures to maintain the confidence of investors in the capital market by ensuring adequate protection for such investors;
promote and encourage proper conduct among participating organisations, participants, affiliates, depository participants and all licensed or registered persons of an exchange, clearing house and central depository, as the case may be;
suppress illegal, dishonourable and improper practices in the capital market, and in the provision of investment advice or other services relating to the capital market;
consider and make recommendations for the reform of the securities laws;
encourage and promote the development of the capital market in Malaysia including research and training in connection thereto;
encourage and promote self-regulation by professional associations or market institutions in the capital market;
license, register, authorise, approve and supervise all persons engaging in regulated activities or providing capital market services as may be provided for under the securities laws;
promote and maintain the integrity of all licensed persons, registered persons, approved persons and participants in the capital market;
register or recognise all auditors of public-interest entities (PIEs) or schedule funds, and to exercise oversight over any person who prepares a report in relation to financial information of PIEs or schedule funds, in relation to capital market activities;
• promote confidence in the quality and reliability of audited financial statements in Malaysia, and to promote and develop an effective and robust audit oversight framework in Malaysia;
• take all reasonable measures to monitor, mitigate and manage systemic risks arising from the capital market;
• promote and regulate corporate governance and approved accounting standards of listed corporations; and
• set and approve standards for professional qualification for the capital market.
The Commission also has the functions and powers conferred upon it by or under the securities laws.
Board Meetings
A total of 11 Board meetings were held in 2023. The quorum required is five. The attendance record is set out in Table 1.
The work of the Board in governing the SC is facilitated by various board committees established under section 18 of the SCMA, as listed in Table 2.
TABLE 1
Attendance at Board meetings
Board members
Number of meetings attended
Dato’ Seri Dr. Awang Adek Hussin
11/11
Tan Sri Gooi Hoe Soon
11/11
Datuk Dr. Zunika Mohamed
9/11
Datin Rashidah Mohd Sies1
10/11
Lynette Yeow Su-Yin2
5/5
Tan Sri Mazlan Mansor
11/11
Dato’ Mohammad Faiz Azmi3
4/4
Dato’ Alizatul Khair Osman Khairuddin3
4/4
160
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023
Note:
1 Completed term as Board Member on 12 January 2024. 2 Completed term as Board Member on 10 June 2023.
3 Appointed as Board Member on 15 August 2023.