Page 85 - CMP3

Diagram 13
MARKET PARTICIPANTS HAVE SHARED ACCOUNTABILITY IN PRESERVING MARKET INTEGRITY
Exchange and RMOs
Licensed intermediaries and individuals
SROs
Corporates and board of directors
Auditors
Investors and shareholders
Ensure fair and orderly marketplaces as well as efficient dissemination of relevant information
Ensure good conduct, with investor-oriented outcomes integrated into business decisions and risk management
Regulate the conduct of their members to protect investors
Ensure continued business viability, risk management, ethical conduct and sustainable value creation
Ensure high audit quality to promote integrity and reliability of financial statements
Exercise responsible ownership to shape corporate accountability
Source: SC.
STAYING AHEAD OF THE CURVE
Emerging developments across climate change, societal inequalities, competition and innovation have given rise to new challenges as companies race to meet the evolution of investors’ needs and expectations. For example, the rise in sustainability movement has resulted in greater expectations of corporate accountability to the environment and society. Similarly, the growth in innovation and technology has changed investors’ expectations of service levels and access.
To meet the public and investors’ expectations on sustainability issues, corporates will need to assess and align their culture and business operations with responsible business practices. This includes, among others, the consideration of stakeholders’ views on sustainability as well as a stronger focus on action, outcomes and CG. The leadership of the board is profoundly important to ensure corporates are able to deliver long-term value responsibly.
CAPITAL MARKET MASTERPLAN 3
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