Bursa Malaysia Berhad (‘Bursa Malaysia’) issued the 4^th and 5^th 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: 

(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 4^th 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 4^th 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 5^th 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 4^th Guidebook and a snapshot of its contents can be accessed here and here and the 5^th Guidebook and a snapshot of its contents can be accessed here and here.
 
The issuance of the 4^th and 5^th 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.
 

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