The year marked a leadership transition for this venerable organisation. I assumed the Chair in mid-June, succeeding Dato’ Seri Dr. Awang Adek Hussin. His invaluable contributions laid a solid foundation for some of the initiatives and accomplishments mentioned in this report, and I would like to record my gratitude to Dato’ Seri for his exemplary leadership. These included the various initiatives to ensure the financial sustainability of the SC and also the introduction of the voluntary buy-out scheme of post-employment medical benefits.

The commendable progress, as well as measures introduced in 2024, is a reflection of the SC’s time-honoured approach to continuously engage with industry and collaborate closely with key stakeholders. This helps foster trust in our regulatory and development work and promotes investor confidence in the Malaysian capital market.

These well-established foundations have certainly eased my task of steering the SC forward.