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PETALING JAYA: The 30% Club Malaysia is putting in motion various initiatives to have more women on the boards of local public listed companies (PLCs).

THE third Capital Market Masterplan (CMP3) unveiled by the Securities Commission Malaysia (SC) last Tuesday highlights the importance of strategic thrusts that focus on catalysing competitive growth, empowering investors for a better future and shaping a stakeholder economy, while embedding shared accountability, prioritising efficiency and outcomes, and embracing technology. Although not new, here are three main issues that are worth highlighting so that a thriving capital market can be established in the next five years.

In this article we will examine the main updates made to the MCCG.

Greater emphasis on board appointments in revised corporate governance code The Edge 12/5/2021 Supriya Surendran © Provided by The Edge THE Securities Commission ­Malaysia’s (SC) latest update of the Malaysian Code on Corporate Governance (MCCG) places greater emphasis on good corporate governance and board leadership, especially as companies navigate a prolonged post-pandemic recovery period. For one, the MCCG addresses issues relating to the reappointment of long-serving independent directors, which remain a concern. As at March 31, 434 independent directors serving o...

Heed SC, stop appointing politicians to GLC boards, govt told Samuel Chua © Provided by Free Malaysia Today The Securities Commission’s latest update on corporate governance notes that all active politicians should not be appointed to the boards of listed companies. PETALING JAYA: Putrajaya has been urged to follow through with the Securities Commission Malaysia’s (SC) recommendations on corporate governance. Speaking to FMT, two economists and the head of a prominent think tank commended the SC’s update of the Malaysian Code on Corporate Governance (MCCG). In its upd...