FAQ 15.16

Pursuant to Rule 15.08(2) of the ACE LR, the board of directors must on a continuous basis, evaluate and determine the “training” needs of its directors. What would constitute “training” for the purposes of Rule 15.08(2) of the ACE LR?

Pursuant to Rule 15.08(2) of the ACE LR, the board of directors of the listed corporation is given the discretion to determine what constitutes “training” for its directors. In this respect, “training” could include, for example, the following:

• in-house training programmes organised by listed corporations for their directors;

• courses attended by directors as members of professional bodies which require mandatory training for their members;

• diploma/degree/post graduate courses; or

• courses/workshops conducted within or outside Malaysia.