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Securities Commission Malaysia Updates The Malaysian Code On Corporate Governance To Promote Board Leadership And Oversight Of Sustainability Date 28/04/2021 The Securities Commission Malaysia (SC) today issued an update of the Malaysian Code on Corporate Governance (MCCG), which sees the introduction of new best practices and further guidance to strengthen the corporate governance culture of listed companies. The 2021 update focused on, among others, board policies and practices on the selection and nomination processes/criteria for directors, and further guidance for practices with ...

Corporates need to build momentum on gender diversity in companies’ board — SC 28 Apr 2021 / 17:20 H. Pix for representational purpose only. KUALA LUMPUR: There is a need to keep the momentum going and in fact accelerate progress in terms of gender diversity on the companies’ board, said the Securities Commission Malaysia (SC). “We did not meet the target of 30 percent women on (the companies’) board, by end-2020 — that was the national target set some years back. But we continued this year and based on the statistics that we have, we are quite close with now having 25.3 per ...

Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As. RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp. It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the ...

Most corporates are genuine in their claims

Published on: Wednesday, December 16, 2020 By: Bernama Text Size: Kuala Lumpur: Fitch Ratings’ downgrade for Malaysia’s credit rating from A- to BBB+ will not stifle efforts towards economic recovery in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic). “The Budget 2021 initiatives will continue the recovery momentum and are expected to contribute to the gross domestic product (GDP) growth target of between 6.5 per cent to 7.5 per cent next year. “Many have often said this projection is too optimistic. However, Fitch itself has projected the local economy to grow ...