Securities Commission gets 3 new directors

by **hlk** Tue 10 Jan 2012, 07:39

The Securities Commission (SC) has appointed three new executive
directors. They are Nik Mohd Hasyudeen Yusoff, Foo Lee Mei and
Shamsuflan Shamsuddin.

In a statement today, the SC said the
appointments would enable it to be more effectively respond to the
increasing challenges and demands of managing the extensive growth in
the scope of its responsibilities and mandates, including substantive
regional and international commitments.

Nik Hasyudeen and Foo Lee Mei have been appointed to the Management Committee of the commission effective Jan 1, 2012.

"They
will continue to remain executive chairman, Audit Oversight Board (AOB)
and general counsel of the SC respectively," it said.

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, and a
member of CPA Australia's Public Practice Advisory Committee and the
Malaysian Accounting Standards Board.

Foo 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 commission in 2009. Foo was re-gazetted as 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.

Shamsuflan joined the SC as Executive Director, Compliance and Examination, effective Jan 3, 2012.

"In
this capacity, he will be responsible for ensuring compliance with
financial reporting and governance standards by public listed companies
as well as supervision of market intermediaries," the SC said.

Shamsuflan
comes from private legal practice, but prior to that had worked 19
years with the Shell Group. Just prior to leaving Shell, he was
responsible for merger and acquisitions and joint ventures for Shell's
international downstream business. Previous to that he was the chief
ethics and compliance officer for Shell globally. -- BERNAMA