Types of Membership

Institutional investors incorporated or organised under Malaysian law (as defined under the Malaysian Code for Institutional Investors),

Entities such as public listed companies, private companies, other associations, foreign entities, and educational institutions, at the discretion of the IICM Board (Associate membership is open to both Malaysian and foreign entities); or

Every membership application must be made in writing in the prescribed form to the IICM Secretariat, which shall forward such application to the Board/Council for approval. The Board/Council may, at its discretion, reject any application without assigning any reason thereof.

If the Board/Council approves an application for membership, the IICM Secretariat will notify the applicant of the approval, the joining fee and the annual subscription fee payable by the applicant.

Comparison Between Ordinary Members and Associate Members

Feature / Criteria	Ordinary Members	Associate Members
Eligibility	Institutional investors incorporated or organised under Malaysian law, as defined under the Malaysian Code for Institutional Investors.	Open to public listed companies, private companies, other associations, foreign entities, and educational institutions.
Membership Tiers	Three tiers based on Assets Under Management (AUM): • Tier 1 – AUM ≥ RM100 billion • Tier 2 – AUM < RM100 billion • Tier 3 – Industry groups	Single category (no tier structure).
Voting Rights	Yes – Ordinary Members may vote at general meetings and stand for election to the Board of Directors.	No – Associate Members do not have voting rights and cannot hold office.
Access to Member-Only Engagements	Full access to IICM-led engagements, working groups, and governance initiatives.	Access to selected events, learning programmes, and networking sessions by invitation.
Use of IICM Membership Recognition	Entitled to use the designation Ordinary Member of IICM in official communications.	Entitled to use the designation Associate Member of IICM in official communications.
Purpose of Membership	To represent institutional investors collectively in promoting good corporate governance and responsible investment.	To participate and collaborate in IICM’s initiatives supporting governance, sustainability, and market development.