<p><span>Malaysian public listed companies (PLCs) continue to take proactive steps to address sustainability risks and opportunities, according to Securities Commission Malaysia’s (SC) Corporate Governance Monitor (CG Monitor) 2022 report released today.</span></p>
A total of 618 or 65.3% of listed companies on Bursa Malaysia have an audit committee that comprises solely independent directors as of Aug 31, 2021, the Securities Commission Malaysia (SC) revealed.
KUALA LUMPUR (Nov 24): The detailed disclosure of senior management remuneration on a named basis remained the lowest adoption among practices in the Malaysian Code on Corporate Governance (MCCG), with only 5% or 43 of listed companies on Bursa Malaysia adopting the practice last year, said the Securities Commission Malaysia (SC).
<p><span>The Securities Commission Malaysia (SC) today issued its Corporate Governance Strategic Priorities 2021 – 2023 (CG Strategic Priorities), to promote among others environmental, social and governance (ESG) fitness and leadership of boards. The SC outlined 11 targeted initiatives such as onboarding programs for directors on sustainability, investor education series on corporate governance and sustainability, and expansion of collaboration with universities to deepen conversations with youth on current corporate governance and sustainability issues.</span></p>