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MARKET • 25/06/2026 12:04 PM

ICDM, MICG Merge Governance Mandates

KUALA LUMPUR, June 25 (Bernama) -- The Institute of Corporate Directors Malaysia (ICDM) and the Malaysian Institute of Corporate Governance (MICG) said they have consolidated their mandates to create a unified platform for corporate governance and director development in Malaysia.

In a joint statement, the organisations said the move brings together nearly three decades of governance advocacy and professionalisation under one framework.

MICG, established in 1998, said it has spent 27 years advancing corporate governance through advocacy, education, research, dialogue and capability-building across the public and private sectors.

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"Through this initiative, its legacy contributions will transition into ICDM’s established role as Malaysia’s national institute of directors, whose mandate is to professionalise directors and elevate the standards of board leadership," it added.

The organisations said the consolidation would reduce fragmentation and strengthen the governance ecosystem by combining their respective expertise. The new framework will be anchored on three pillars: national-level advocacy, applied research, and comprehensive training and development.

The merger of mandates was approved by MICG members at an extraordinary general meeting (EGM) on June 24, 2026.

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A structured transition process for MICG members is now underway to integrate them into the ICDM membership framework, ensuring continuity of services and benefits.

The process is expected to be completed by the fourth quarter of 2026.

“As part of this consolidation process, MICG will take the necessary steps towards a members’ voluntary winding-up, marking the orderly conclusion of its institutional operations as its mandate continues under ICDM,” the statement added.

-- BERNAMA

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