Bursa’s Listing Requirements (LR) requires a listed issuer to include in its annual report a Management Discussion & Analysis Statement (MD&A), covering the prescribed content for disclosure. This programme seeks to assist the Board and Management of listed issuers identify pertinent matters to be disclosed, including the extent of disclosure to comply with the LR, and to provide meaningful, balanced, and comparable information to stakeholders. The focus is on the MD&A Guide issued by Bursa and provides the practical handles on how and what to disclose in the MD&A Statement which replaces the Chairman Statement. Critical success factors on reporting will also be discussed, especially on clarity, objectivity and references of assertions used against public sources.