Regulatory Alerts2021-04-12
Summary of Amendments to Guidelines on Conduct of Directors of Listed Corporations and Their Subsidiaries
The regulator issued revised guidelines on 12 April 2021 to update the conduct standards for directors of listed corporations and their subsidiaries. The amendments introduce a new paragraph 1.04 and Appendix A, which provide specific guidance on establishing a group governance framework. This guidance highlights the rationale for such frameworks and outlines the fundamental elements expected within them.
SUMMARY OF AMENDMENTS GUIDELINES ON CONDUCT OF DIRECTORS OF LISTED CORPORATIONS AND THEIR SUBSIDIARIES DATE OF ISSUANCE: 12 APRIL 2021 The following table provides a summary of amendments to the Guidelines on Conduct of Directors of Listed Corporations and Their Subsidiaries which was revised on 12 April 2021: A. General Amendments No. Prior to 12 April 2021 Revised on 12 April 2021 Comments
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- Paragraph 1.04 Insertion of new paragraph to provide for the new Guidance in Appendix A.
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- Appendix A – Guidance on Group Governance Insertion of Guidance to highlight the rationale for establishing a group governance framework and the fundamental elements expected in such framework.