Bursa Malaysia issues 4th and 5th Guidebooks of the Public Listed Companies Transformation Programme

Bursa Malaysia Berhad (‘Bursa Malaysia’) issued the 4th and 5th Guidebooks of its Public Listed Companies Transformation (‘PLCT’) Programme on 5 December 20221.
The PLCT Programme, officially launched by Bursa Malaysia on 2 March 2022, is a voluntary programme in which all public listed companies ('PLCs’) in Malaysia can participate, regardless of their size, industry or shareholding. The objective of the PLCT Programme is to raise the stature of Corporate Malaysia and increase the attractiveness of investing in PLCs through an improvement in numerous areas including the financial position, corporate governance and sustainability of PLCs.
The PLCT Programme which runs through to 2025 is underpinned by five pillars, namely: 
  • Be Purpose and Performance-Driven;
  • Grow as Sustainable, Socially Responsible and Ethical Organisations;
  • Have Strengthened Stakeholder Management and Investor Relations;
  • Be Digitally Enabled; and
  • Contribute towards overall Nation Building, 
(collectively ‘Five Pillars’).
The PLCT Programme included the issuance of five digital guidebooks - one for each of the Five Pillars (‘Guidebooks’) - which set out the best practices and guidance with benchmarks and case studies for PLCs to spearhead their transformation journey in the areas covered by the respective Guidebooks.
The 4th Guidebook, ‘Being Digitally Enabled’, highlights the imperatives, opportunities, benefits, and tools for companies to become more digitally enabled and focuses on four key areas of being digitally enabled, namely Enhancing Customer Experience, Empowering People & Driving Change, Harnessing Operational Efficiencies, and Creating New Business Models.  The 4th Guidebook also provides a side by side comparison on the specific values and benefits that can be derived from digital enablement efforts and the associated risks and challenges to be mitigated and addressed in order to harness such values.
The 5th Guidebook, ‘Contributing Towards Nation Building’ examines how PLCs can contribute to and harness the benefits of nation building2. It highlights nation building attributes, namely a diversified economic structure, an advanced productive capabilities, a quality and agile talent pool, a sustainable and inclusive practices and trusted institutions, and the roles of businesses, government and society in creating value for PLCs through sustaining economic growth and productivity, cultivating future-readiness, well-being and inclusion of talent and fostering stronger public-private partnerships.
The 4th Guidebook and a snapshot of its contents can be accessed here and here and the 5th Guidebook and a snapshot of its contents can be accessed here and here.
The issuance of the 4th and 5th Guidebooks completes the set of five digital Guidebooks to be issued under the PLCT Programme.
Our previous write-ups on the PLC Transformation Programme can be accessed through the following links: 
Alert by Francine Ariel Paul (Senior Associate) and Joey Tiw (Associate) of the Corporate Practice of Skrine.

1 The media release issued by Bursa Malaysia in conjunction with the launch of the 4th and 5th Guidebooks can be accessed here.
2 The 5th Guidebook defines “nation building” as a process which leads to the formation of countries in which the citizens feel a sufficient amount of commonality of interests, goals and preferences.

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