The SC Board Members are appointed by the Minister of Finance. The Board comprises a Chairman, a Deputy Chief Executive and up to seven other members who may include representatives from the government and private sector.

The Board is responsible for the overall governance of the Commission. They are also authorised to carry out the following functions:

• Review and approve the SC’s strategic plan and budget;
• Review and adopt appropriate systems and control to manage the SC’s enterprise risks;
• Oversight of the affairs and business of the SC; and
• Review the SC’s performance in carrying out its functions to meet its objectives.

The constitution and proceedings of the SC Board are set out in the Securities Commission Malaysia Act 1993.

In appointing an SC Board Member, the Minister would have taken the following factors into consideration:

• The diversity of Board Members in terms of interest, knowledge, skills and experience; and
• The person’s integrity and reputation, as well as his or her knowledge, skills and experience in economics, finance, accounting, or any other relevant subject that will enable him or her to perform his duties as a member of the Board.
  
  

Additionally, gender diversity is considered when appointing SC Board Members in accordance with the standards of good corporate governance championed by the SC.