Kota Kinabalu: The government has made it mandatory in the 2022 budget announcement for all public listed companies on Bursa Malaysia to have at least one woman director by January 2023.
Farrish Ishak, Bursa Malaysia Vice President for Listing Development reminded the audience at the seminar on “Roadmap to IPO in Times of Crisis” organised by International IPO advisory consultant and accounting firm Baker Tilly and Bursa Malaysia for the first time in Sabah.
“All large-cap companies must have one female director,” he said, briefing the audience of such important recent developments.
According to him on tax deduction, effective from the year of assessment 2020 to 2022, listings of eligible technology-based companies on the Access, Certainty, Efficiency (ACE) Market and the Leading Entrepreneur Accelerator Platform (LEAP) Market are eligible for a tax deduction of up to RM1.5 million on the following listing costs – fees to authorities, professional fees, and underwriting, placement and brokerage.
“During the tabling of Budget 2023, the above tax deductions were proposed to be extended for another three years from the year of assessment 2023 to 2025 and were extended to include Main Market technology-based companies,” Farrish said.
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