Date : 8 and 9 June 2015
Time : 8.30 am – 5.00pm
Venue : The Westin Kuala Lumpur
Organiser : Asian World Summit (Supported by IDEAS)
Based on the “Corporate Governance Watch” report from CLSA Asia-Pacific Markets and the Asian Corporate Governance
Association (ACGA) in 2014 which looks at the macro corporate governance quality in over 11 Asian markets, Malaysia achieved an overall score of 58% in 2014 compared to 49% in 2007, the report looks at the macro corporate governance quality in over 11 Asian markets. Malaysia maintained its rank of fourth in the region and also being the only market out of the Asia Pacific countries assessed that consistently improved its scores.
Among the areas of consistent improvement include corporate governance culture, rules and practices, enforcement,
accounting and auditing. The report also acknowledged that enforcement in Malaysia has improved as there has been successful prosecution of cases and issuance of public and private reprimands against PLCs and directors. However, the report also provided some areas for improvement like encouraging companies to disclose more details in AGM meetings and it also noted that the Government-Linked Companies (GLCs) fell short in terms of market discipline and independence.
Locally, Bursa Malaysia released a report on findings from its review of 2012 and 2013 annual reports of 300 companies since the introduction of Malaysian Code of Corporate Governance 2012. Overall, the review showed that there is a high level of compliance with Bursa Malaysia’s listing requirements. However, it had also noted several key areas for improvement in disclosures made by listed issuers, in particular pertaining to the audit committee’s activities and oversight of the risk management and internal control framework.
The 7th Annual Corporate Governance Summit aims to provide better insights in enhancing board effectiveness
for improved governance.
If you have any further questions, please contact Asian World Summit at : Tel: 03-2333 9350 | Website: www.asianworldsummit.com