Securities Law for Public Listed Companies in Malaysia

This book is a requirement to company directors to understand the securities law and also the regulatory policies and practices needed to be adhered to. The structure of the securities law in Malaysia is discussed in Part One. In Part Two the structure of the public listed companies is outlined based on the corporate governance perspectives such as nature of the board of directors, a company's internal controls, financial reporting and its relationship with the shareholders with reference to the Securities Commission Guidelines on the Issues/Offer of Securities, the listing requirements and the corporate disclosure policy of the Kuala Lumpur Stock Exchange. Part Three discusses the responsibilities of directors in the context of their rights, responsibilities and duties as evidenced in their substantive and procedural obligations whether they should be liable to others as fiduciaries in view of the governance stakeholders interests. 

Part Four relates to the breach of duties and the difficulties of enforcing these duties on directors. In Part Five the nature of the trading in securities, the making of statements, whether negligently, recklessly, dishonestly or otherwise, and the non-disclosure of information by insiders are discussed. It reflects on the wrongdoings of insiders such as insider trading, manipulation, misrepresentation and concealment of information. Procedures relating to mergers and takeovers are also mentioned in this part. Remedies and sanctions for trading in securities are discussed in Part Six. In Part Seven the role of the self-regulatory body, the Kuala Lumpur Stock Exchange, is discussed. Part Eight is devoted to the role of the Securities Commission as a regulatory body.

Readership
Practitioners, company directors, academicians and students