ICDM Pulse: Lessons Learned, Paths Ahead

A timely moment for reflection as we wrap up the new year.

Reflecting on these past twelve months, I want to share what this journey has meant to me personally. Stepping into the role of CEO at ICDM in August this year has been both humbling and energising. However, what has stood out most is not just the milestones we’ve achieved, but the people behind them—our distinguished members, stakeholders, partners, and most importantly the dedicated ICDM team. We are deeply grateful to our esteemed Board for their leadership, guidance and stewardship, which continues to shape and strengthen the work that we do.

A Year of Shared Impact
This year was defined by connection and elevation. As part of our stewardship journey, we launched our inaugural Elite Stewardship Circle, creating a platform for stewardship excellence, and had the privilege of conferring ICDM’s highest distinction—the Honorary Fellow (HF)—to four exemplary leaders in corporate governance.

Our commitment to strengthening governance took us across the country. Through our strategic partnership with the Sarawak Centre of Corporate Excellence (SCOPE) and the Sarawak Corporate Leadership Summit 2025, alongside a strengthened presence in Johor and Penang, we saw first-hand the strong commitment to good governance nationwide.

We also focused heavily on the future talent pipeline and deepened our advocacy for stronger board composition this year -we celebrated Batch 2 of ADIP® graduates, continued our advocacy with MIBA on board composition, guided Bumiputera companies via TERAJU’s IPO Pathway, and continued to run with Bursa Malaysia programmes to equip directors with the expertise and independence the market demands. Others include the Board-Ready Women (BRW) Programme 2025, in collaboration with Deloitte Malaysia, BoardRoom Group, and the 30% Club Malaysia as we worked to prepare the next generation of women board leaders.

On the policy front, we deepened our engagement by convening two engagements of CG Engagement Sessions, co‑hosted an AI governance roundtable with the National AI Office, and collaborated with the Asian Corporate Governance Association (ACGA) and the Institutional Investor Council Malaysia (IIC) to host a high‑level closed‑door session on board effectiveness and the evolving roles of independent directors. Our engagement with the Organisation for Economic Co‑operation and Development (OECD) further opened doors to explore synergies in strengthening governance practices and aligning with global standards.

Strengthening Our Community
As a testament to the growing commitment to governance excellence, 99 Speedmart has also joined us as a Lifetime Member with a 15‑year tenure — the longest membership commitment we have received to date. Their decision reflects the same discipline and long‑term vision that has shaped their rise from a single mini‑market to one of Malaysia’s most notable IPO success stories. We are honoured to support their board and leadership team as they continue building a strong governance foundation for the future. Our Individual Membership has grown to over 2,300 member, underscoring the strength of the governance movement and the trust placed in our mission nationwide. Full update here.

Help Us Serve You Better
Before I share our vision for the future, I have a small request. Whether you are a long-time member or a friend of the institute who enjoys our content, we want to hear from you.
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Looking to 2026
Next year is set to be a defining year for ICDM and our regional partners as we’re taking the next leap in governance professionalism.

We are preparing for the much-anticipated Professional Director Certification Programme (PDCF). The PDCF sets a clear pathway for directors at every stage, from Graduate Director to Certified Director and Fellow Certified Director, ensuring boards are equipped to lead with competence, integrity, and future‑readiness. This unified standard strengthens public trust, elevates market confidence, and prepares Malaysian boards for an increasingly complex landscape. In the coming months, ICDM will be engaging regulators and industry bodies through roundtables and focus groups to refine the PDCF, supported by our Board Director Blueprint Study, which provides empirical insights from Malaysia’s top‑performing boards.

ICDM Pulse: Board Actions on Human Rights & Accountability

In an era of heightened stakeholder expectations, the social pillar of ESG has evolved from a risk-mitigation exercise into a core driver of long-term value. While ensuring ethical labour practices and human rights across supply chains remains fundamental, leading boards now recognise that the ‘S’ demands a far more holistic approach. The focus has widened to include how a company cultivates its greatest asset—its people—and how it functions as a responsible citizen within its community.

True accountability begins at the top. For boards, this means embedding a strategic vision for human capital that fosters a diverse, inclusive, and resilient workforce. It involves asking probing questions about talent development, employee well-being, and corporate culture. Simultaneously, it requires strategic oversight of the company’s community footprint—ensuring operations create shared value, respect local stakeholders, and contribute positively to societal progress. Neglecting these areas represents a profound strategic, reputational, and financial risk.

In this issue, we provide expert perspectives and actionable insights to help boards navigate this expanded responsibility. We explore the director’s role in establishing robust frameworks that ensure corporate actions are not only compliant but are also conducive to building a thriving workforce and a trusted social license to operate.

As leaders and stewards of our corporations, it is our duty to champion this holistic social agenda. ICDM is committed to equipping you with the knowledge to lead with foresight and integrity on this vital front.

The ICDM Pulse: Culture-Centric Governance

I am honoured to be addressing you as the new President & CEO of ICDM, and I’m incredibly excited about the journey we’re about to begin together to take ICDM to the next phase. My vision is to further empower our community of directors, ensuring you are not only prepared for today’s business challenges but are also equipped to lead in a future shaped by rapid technological advancements, evolving regulations, and the increasing importance of sustainable and ethical practices.

I imagine a future where boards are the very heartbeat of an organisation’s culture, actively shaping its values and leading by example. This is the future we will build together at ICDM.

We’ll continue to enhance board effectiveness, strengthen board compositions, foster a dynamic network for professional growth, and advocate for the interests of our members, reinforcing ICDM’s position as the nation’s premier institution for directorship.

Over the coming months, ICDM will be launching several exciting new initiatives designed to empower you and your fellow directors:

The Professional Directors Certification Framework: This framework will provide a clear, structured pathway for directors to elevate their expertise.
The Elite Stewardship Circle: An exclusive circle for our most senior and experienced directors, creating a space for high-level conversations and learning.
New Research: We’ll be launching new research papers to provide cutting-edge insights and practical tools to help you on your directorship journey.
Strengthening Stakeholder Engagement: We’re dedicated to fostering stronger relationships with our stakeholders on emerging areas – tailoring our engagement efforts, and ensuring continuous collaboration to drive mutual success.

The ICDM Pulse: Future in Focus

In an era of unprecedented change and disruption, the strength and continuity of an organisation’s leadership are more critical than ever. We’ve all witnessed how quickly market dynamics can shift, and how essential it is to have a robust and adaptable leadership pipeline.

This month, we turn our attention to a topic that is fundamental to long-term organisational success and resilience: Future-Proofing Leadership: Why Succession Planning Starts in the Boardroom. While often perceived as an HR function, effective succession planning is, at its core, a strategic imperative that originates from the highest level of governance. It’s about proactive foresight, identifying and nurturing the next generation of leaders, and ensuring the seamless transition of critical roles.

In this issue, we delve into why the board’s active involvement in succession planning is not just beneficial, but essential for safeguarding an organisation’s future. We’ll explore best practices, key considerations, and the strategic advantages of a boardroom-led approach to talent stewardship.

In this context, I’m also pleased to share that I’ll be joining Tunku Alizakri, former CEO of EPF and current Chair of Collektr, in an upcoming conversation with BFM on leadership transitions and purposeful governance. Details of that conversation can be found below.

As I prepare to hand over the reins at ICDM as of 5 August 2025, this dialogue is especially meaningful—highlighting the importance of forward-looking succession planning at both organisational and national levels. We invite you to tune in and hope you find the insights shared valuable and thought-provoking as we collectively strive to build more resilient and future-ready organisations.

My journey has been one of the most meaningful and rewarding chapters of my career. I am deeply grateful to each and every one of you—our members—for your trust, engagement, and unwavering commitment. Together, we have elevated corporate governance and board effectiveness, laying strong foundations that support our nation’s pursuit of sustainable and responsible leadership.

We’ve built something truly remarkable in a relatively short span of time. While there is still much more ahead, the path forward is bright and full of promise. Jackie Mah, our current Executive Vice President, will be stepping up as the new President & CEO. With her capable leadership and deep understanding of our mission, I know ICDM will continue to thrive. You are in excellent hands.

With that, I bid you farewell—and thank you, once again, from the bottom of my heart.

Catch my upcoming conversation with Tunku Alizakri, former CEO of EPF and current Chair of Collektr, where we’ll explore these themes in greater depth. I’d be honoured if you could tune in.

Channel: BFM
Date/Time: Wednesday, 16 July 2025 @ 11.00am

The ICDM Pulse: Winning with a Smart Board

It is with immense pride and a deep sense of accomplishment that I share highlights from our 2025 Annual Report for January – December 2024. This report, reflecting our journey of Being More, encapsulates a year of significant milestones and impact, showcasing our unwavering commitment to shaping stronger boards and driving responsible leadership in Malaysia.

The 2024 Annual Report details ICDM’s remarkable progress and sets the stage for our future direction. Key achievements include:

Community Expansion: We grew to over 1,500 individual members and 127 corporate members, 64% of which represent public-listed companies (PLCs) with the remaining 36% from the private and public sectors.
Programme Delivery & Training: Our dedication to professional development saw us deliver over 500 programmes and train more than 30,000 directors, with increasing participation in flagship development programmes like the Aspiring Directors Immersion Programme® (ADIP®) and Leading for Impact (LIP).
Exceptional Revenue Growth (2024 vs. 2023): We achieved an overall revenue increase of 53%. Specifically, the Leading for Impact (LIP) Programme revenue surged by 172%, Membership and Director Sourcing revenue increased by 52%, Board Remuneration Reviews revenue rose by 56%, Bespoke Programmes revenue grew by 24%, and the Aspiring Directors Immersion Programme® (ADIP®) revenue saw an impressive 211% increase.
Directors Registry: Our registry now features 1,264 pre-screened, board-ready candidates.
Enhanced Female Representation: Female representation within our Directors Registry rose to 38% in 2024, a significant increase from 33% in 2023.

These achievements underscore our progress in empowering boards and directors with forward-thinking mindsets, practical knowledge, and essential competencies.