Article by Azmi & Associates: Green Objects
As COP26 ends in Glasgow, there could be growing pressure on companies to review their objects and for joint ventures to review their goals. Malaysian regulators such as the Securities Commission and Bursa Malaysia are already thinking of setting higher standards of disclosures in relation to ESG and sustainability for listed companies.
The need for objects clause in companies’ constitutional documents has been removed in many jurisdictions around the world (including in Malaysia with our Companies Act, 2016) but companies are usually allowed to self-impose their own objects.
