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CLAUSE REFERENCE OF THE CODE
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BRIEF DESCRIPTION |
MANNER OF ENFORCEMENT
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EFFECTIVE DATE
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(i)
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Representation of independent non-executive directors, including those representing minority interests, on the Board of Directors of listed companies
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Voluntary
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When next election is due
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(ii)
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Filing of consent by directors
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Mandatory
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When next election is due
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(iii) and (iv)
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Qualification and eligibility to act as a director
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Mandatory
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When next election is due
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(v)
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Election/ nomination of a broker on the Board of Directors
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Voluntary
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When next election is due
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(vi)
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Tenure of office of directors
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Mandatory
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Immediate
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(vii), (viii)and (ix)
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Responsibilities, powers and functions of the Board of Directors
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Mandatory
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July 1, 2024
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(x), (xi)and (xii)
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Meetings of the Board of Directors
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Mandatory
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Immediate
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(xiii)
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Significant issues to be placed for decision by the Board of Directors
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Mandatory
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July 1, 2024
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(xiv)
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Orientation courses
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Mandatory
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July 1, 2024
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(xv)
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Appointment and removal of CFO and Company Secretary
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Mandatory
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July 1, 2024
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(xvi) and(xvii)
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Qualification of CFO and Company Secretary
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Mandatory
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Immediately for new appointments
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(xviii)
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Requirement for CFO and Company Secretary to attend Board meetings
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Mandatory
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Immediate
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(xix)
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The directors' report to shareholders
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Mandatory
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For accounting periods ending on or after June 30, 2024
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(xx), (xxi),(xxii) and (xxiii)
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Frequency of financial reporting
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Mandatory
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For accounting periods ending on or after June 30, 2024
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(xxiv) and(xxv)
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Responsibility for financial reporting and corporate compliance
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Mandatory
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For accounting periods ending on or after June 30, 2024
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(xxvi)
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Disclosure of interest by a director holding company's shares
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Mandatory
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Immediate
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(xxvii)
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Auditors not to hold shares
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Mandatory
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Immediate
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(xxviii)
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Corporate ownership structure
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Mandatory
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July 1, 2024
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(xxix)
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Divestiture of shares by sponsors/ controlling interest
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Mandatory
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July 1, 2024
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(xxx),(xxxi),(xxxii) ,
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Audit Committee
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Mandatory
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July 1, 2024
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(xxxiii) and(xxxiv)
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(xxxv) and (xxxvi)
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Internal Audit
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Mandatory
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July 1, 2024
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(xxxvii), (xxxviii),
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Appointment of external auditors
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Mandatory
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When next appointment of auditors is due
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(xxxix) and (xl)
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(xli)
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Rotation of external auditors
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Mandatory
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When next appointment of auditors is due
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(xlii)
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Appointment of a partner or employee of the external auditors in a key position within the listed company
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Mandatory
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Immediately for new appointments
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(xliii)
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Management letter issued by external auditors
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Mandatory
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For accounting periods ending on or after June 30, 2024
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(xliv)
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Attendance of external auditors at Annual General Meeting
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Mandatory
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For accounting periods ending on or after June 30, 2024
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(xlv) and (xlvi)
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Compliance with the Code of Corporate Governance
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Mandatory
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For accounting periods ending on or after June 30, 2024
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