Chapter 15 Corporate Governance, Main Market Listing Requirements (as at 1 July 2023)

Read in full at 10 pages. Paragraph 15.16 states that where an audit committee considers a matter it reported to the board has not been satisfactorily resolved and a breach results, "the audit committee must promptly report such matter to the Exchange", which is a binding escalation route over the head of the committee's own board. Paragraph 15.13 inverts the attendance default so that other directors and employees attend an audit committee meeting only by invitation specific to that meeting, 15.18 requires the quorum to be majority independent, and 15.20 requires the nominating committee to review the term and performance of the audit committee and each of its members annually. Paragraph 15.02(1) sets the independence floor at the higher of two directors or one third plus at least one woman, and 15.01A requires a published fit and proper policy covering directors of the issuer and its subsidiaries. Bursa PDF links carry a cache-busting query string.