KUALA LUMPUR (Dec 1, 2011): The board of directors is responsible for ensuring a company remains competitive by having a robust strategy in place that focuses on sustainable value creation, said Securities Commission chairman Tan Sri Zarinah Anwar.
"Our corporate governance blueprint recommends that boards formalise their policies on sustainability and stakeholder management, and to warrant accountability here, these policies must be disclosed to the public," Zarinah said in her keynote address at the launch of SC-Bursa Malaysia Corporate Governance Week 2011 yesterday.
She said it is essential for directors to have a comprehensive understanding of their role and possess the necessary skills and competence to discharge their responsibilities effectively.
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