Malaysian Institute of Corporate Governance appoints new chairman, deputy chair

by AZALEA AZUAR / pics credit:      

THE Malaysian Institute of Corporate Governance (MICG) has appointed Sujatha Sekhar Naik (picture) as its chairman and Datin Yasmin Ahmad Merican as deputy chair. 

Sujatha took the role after her predecessor David William Berry retired.

She explained that the board members will be committed to developing independent thought and adjudication on governance. 

“Whether in the environment, social and governance priorities or from the broader perspective of sustainability, governance plays a pivotal and foundational role. 

“To this end, we will collaborate with regulators and other key stakeholders on practical and effective ways to implement, embed and measure good practices, within both the public and private sectors,” Sujatha said in a statement.

MICG’s board members comprise eight governors from the public and private sectors who are Datuk Seri Dr Abd Rahman Ali, Megat Mizan Nicholas Denney, Datuk Feizal Mustapha, Izlan Izhab, Marina Yong Poh Nyuk and Selvamalar Alagaratnam, including Sujatha and Yasmin.

Following High-Level Finance Committee on Corporate Governance recommendations, MICG was formed in 1998 and was mandated to be the leading advocate of corporate governance by capital market stakeholders, financial and institutional bodies in Malaysia.