Driving Results with Internal Engagements

Business Planning – Townhall and Management Offsite

Following from the introduction of the inaugural threeyear Business Plan 2023-2025 held in 2022, townhall sessions were held to apprise SC staff of its new direction, as well as the 2023 Corporate Scorecard. The Business Plan and Corporate Scorecard aim to ensure a sharper focus among staff on carrying out the SC’s dual-mandate in regulating as well as developing the capital market in alignment with national agendas and aspirations.

Three Business Plan Townhall sessions were held from 12 to 19 January 2023, where the SC’s seven focus areas and strategies involving the deliverables of key needle-moving initiatives were cascaded to all staff. These Townhalls underscored the pivotal responsibilities entrusted to the SC and its staff, emphasising its significant roles within the capital market. It was highlighted that when working collectively under a unified umbrella, the SC and its staff can play an instrumental role in shaping the landscape of the capital market.

Subsequently, a Management Offsite was held from 6 to 8 October 2023, with the objective of prioritising and refining the proposed 2023-2025 Business Plan initiatives and formulating a detailed Action Plan for 2024. This involved a sequence of deliberative sessions across Business Groups, where each department engaged in comprehensive discussions on the proposed initiatives. Furthermore, interlock sessions with key enablers took place from 30 October to 3 November 2023, involving 11 Business Groups and 45 Line Departments.

Cultivating the SC DNA - Interactive Workshops

The SC DNA, introduced in March 2023, comprised six dimensions which serve as the backbone for the SC’s values, forming a powerful foundation in embodying the values of a model regulator and delivering excellence in all aspects of our work.

In internalising the SC DNA, a series of interactive sessions were organised throughout 2023. The sessions intended to provide experiential exposure to staff members on avenues to live out the dimensions and in encouraging fellow colleagues to do the same.

Staff members enrolled in a total of 10 half-day classroom sessions, with attendance consisting of staff from across departments and Business Groups, providing an opportunity for staff to socialise and, importantly, to learn with and from one another. Pursuant to the classroom sessions, online quizzes emphasising on specific touch points were organised to further inculcate the dimensions and embed them as a value across the SC.

Commemorating Occasions and Celebrating Milestones

Merdeka Leadership Series

The Merdeka Leadership Series was initiated in 2007 as the ‘Reading Campaign and Merdeka Celebration Week’ by the SC’s Knowledge Management Department. Since then, it has evolved into a significant platform for insightful discussions and reflections. The inaugural event in 2007 coincided with Malaysia’s 50th Independence Day celebration and set the stage for a series that continues to be known for its focus on leadership and national milestones.

SC 30th Anniversary

The SC marked a milestone occasion on 1 March 2023, celebrating its 30th anniversary in an event that brought the SC community together. The commemoration acknowledged the three decades of accomplishments while serving as a reflection of the organisation’s rich history that binds the SC staff and broader stakeholders.

A milestone marked with the launch of SC DNA

The celebratory event commenced with a photo reel showcasing key milestones in the SC’s journey over the years. The visuals served as a reminder of the collective achievements by the SC community, portraying the organisation’s sense of camaraderie.

Hari Raya Celebration

In the spirit of unity and in conjunction with the Hari Raya festivities, the SC continued its annual tradition of hosting a Hari Raya open house on 10 May 2023. The event was testament to the SC’s commitment to promoting inclusivity, sustainability, and community engagements. The event was divided into two sessions – one for the SC’s staff and affiliates, and the other for industry stakeholders.

Embracing harmony and sustainability

The theme for the Hari Raya celebration was ‘Dalam Taman, Kita Beraya,’ emphasising environmental consciousness and sustainability. The decorative concept in the venue is in line with the SC’s commitment to promote environmental initiatives.

Mitigating Systemic Risks And Promoting Financial Stability

Enhanced Risk Governance Framework

In 2021, the SC-wide risk governance framework was enhanced as part of an overall initiative to have an effective integrated and predictive risk surveillance to maintain regulatory agility.

The structured risk governance framework integrated the wider spectrum of risks such as technology, cyber and conduct risk at the SC’s Systemic Risk Oversight Committee (SROC) and Accounting, Market and Corporate Surveillance Committee (ACMS).

Intensified surveillance

The SC continued to intensify its surveillance of systemic risk to maintain market resilience and stability. Regular SROC engagements were held to deliberate concerns emanating from various segments across the capital market. Domestic equity and bond market, foreign fund flows and trade participation continued to be monitored closely for potential stress points.

In addition, measures and economic stimulus packages introduced by the government to weather the impact of COVID-19, market trading conduct and the financial position of listed companies were among the focus areas for discussion.

Thematic assessments

The SC also conducted thematic assessments covering investors’ fund flows, the position of firms, and policy decisions to ascertain the possible impact on the capital market. In 2021, the SC reviewed and enhanced its crisis indicators on potential emerging risks in the
capital market.

The enhanced crisis indicators provided a reference point for escalation to SROC when the identified indicators and triggers materialised and ensured prompt response to manage and prevent any issues of concern that might lead to a systemic crisis.

Joint regulatory discussions

In 2021, the SC conducted frequent joint regulatory discussions with other authorities such as Bank Negara Malaysia (BNM) and Labuan Financial Services Authority (Labuan FSA) to identify systemic risk concern areas within the financial and capital markets in Malaysia.

Monitoring of various components of the capital market

The SC continued its efforts to undertake a methodological and integrated approach to ensure any potential systemic risk was being monitored, mitigated, or managed. Figure 1 highlights the findings from the following risk assessments on the various components of the capital market.