Kuala Lumpur, 9 January 2012

New Executive Director roles at the SC
Encik Nik Mohd Hasyudeen Yusoff and Ms Foo Lee Mei have been appointed to the Management Committee of the Securities Commission Malaysia (SC) as Executive Directors effective 1 January 2012.  They will continue to remain Executive Chairman, Audit Oversight Board (AOB) and General Counsel of the SC respectively.

Appointed to the AOB in April 2010, Nik Hasyudeen, who has been in practice for 23 years, had previously been President of the Malaysian Institute of Accountants, Vice-President of the ASEAN Federation of Accountants, a member of CPA Australia’s Public Practice Advisory Committee and the Malaysian Accounting Standards Board.

Foo Lee Mei served as Deputy Public Prosecutor (DPP) with the Attorney-General’s Chambers for six years before joining the SC in 1994.  She was appointed General Counsel of the SC in 2009.  Lee Mei was re-gazetted as a DPP by the Attorney General in 2004 and continues to lead SC appeals at the High Court, Court of Appeal and the Federal Court. From 2008-2010, she co-chaired the Asia Pacific Group on Money Laundering (APG) Typologies Working Group.

Encik Shamsuflan Shamsuddin has joined the SC as the Executive Director, Compliance & Examination, effective 3 January 2012.  In this capacity, he will be responsible for ensuring compliance with financial reporting and governance standards by PLCs as well as supervision of market intermediaries. Suflan comes from private legal practice, but prior to that had worked 19 years with the Shell Group.  Just prior to leaving Shell, Suflan was responsible for M&As and JVs for Shell’s international downstream business. Previous to that he was the Chief Ethics and Compliance Officer for Shell globally.

The new appointments will enable the SC to more effectively respond to the increasing challenges and demands of managing the extensive growth in the scope of the SC’s responsibilities and mandates, including substantive regional and international commitments.