Governance in Malaysia by Good Governance Academy
Channel: Malaysian Alliance of Corporate Directors
Date: 2022-12-14

MACD is the Supporting Partner of the “Governance in Malaysia” organised by Good Governance Academy.

Event Page: https://www.macd.org.my/events/governance-in-malaysia

“From the Securities Commission Malaysia (SC) perspective, institutional investors play a critical role in driving good corporate governance in the country. From our observation, there are some opportunities for improvement in various aspects of stewardship.” 

For one, it wants to see more transparency with regards to the discharge of institutional investors’ stewardship role – “There is recognition that institutional investors have been engaging investee companies on governance issues, but information on the issues discussed and the outcome of their engagement are limited.” 

The SC also urges institutional investors to be more vocal about corporate practices that raise governance concerns, and take a stand on corporate governance issues such as gender diversity or long-serving independent directors — two practices that have remained at the lowest level of adoption among the practices stipulated in the Malaysian Code on Corporate Governance. 

This event provides key information about the status of corporate governance in Malaysia from both an investor’s perspective as well as that of the regulator.