Malaysia retains 4th spot in Corporate Governance Watch Report

The Sun Daily

PETALING JAYA: Malaysia has retained its fourth position in the CLSA Ltd (CLSA) Asian Corporate Governance Association (ACGA) Corporate Governance Watch 2014 Report, with an improved score of 58 points from 55 points previously.

Malaysia was commended as the only market that has consistently improved its scores, which was achieved through a mix of reforms in the Corporate Governance Blueprint, improving enforcement and requiring domestic investors to take corporate governance seriously as well as through the creation of the Audit Oversight Board.

“I’m pleased with this outcome. It is an achievement for Malaysia that will reinforce investor confidence and help to inspire a stronger culture of corporate governance. By providing the right environment and the right stimuli, Bursa Malaysia is committed to playing its part in elevating corporate governance in the country,” Bursa Malaysia CEO Datuk Tajuddin Atan said in a statement. Read more here.

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