Tuesday 19 April 2016

Malaysia: Securities Commission consults on updated corporate governance code

The Securities Commission has published for public comment a revised edition of the Malaysian corporate governance code: see here (pdf). The code was first introduced in 2000 on a 'comply or explain' basis (see here, pdf). The revised edition will operate using 'apply or explain an alternative', the view being that the comply or explain approach caused some companies to adopt a mechanistic approach to corporate governance.

No comments: