The following are key initiatives which Bursa Malaysia has undertaken to raise the standard of CG practices amongst listed issuers and to further enhance domestic and global confidence in our Malaysian capital market.
Monitoring of adherence to CG standards by:
Performing reviews of CG disclosures in annual reports. Bursa Malaysia reviews listed issuers’ annual reports on CG disclosures as part of Bursa Malaysia’s monitoring process. We also engage the listed issuers on their disclosure shortcomings to ensure adequate and accurate information on their CG practices.
Analysis of Corporate Governance Disclosures in Annual Reports
Analysis of Corporate Governance Disclosures in Annual Reports - List of 450 listed issuers
Practical guides to encourage boards to raise the level of CG through the structuring and implementation of sound practices and processes
Bursa Malaysia has developed guidance internally or through partnership with other organizations for members of the board, managers and shareholders in relation to embracement of CG practices in substance. This is to assist the members to inculcate thoughtful governance practice as opposed to tick-the-box mentality in relation to embracement of CG practices.
Collaboration with other organisations to enhance standards of CG amongst listed issuers
Bursa Malaysia collaborates with professional bodies and industry players who are instrumental in fostering best practices towards improving CG and integrity in the business community and to explore ways to enhance the standards of CG practices of our listed issuers.
Click here for links to a number of organisations that we work with.
Efforts to raise Malaysia's CG Ratings
Bursa Malaysia's commitment to raise the CG rating on Malaysia is visible through our unceasing engagement and communication with international CG rating agencies.
Engagements with institutional shareholders
Bursa Malaysia also engages on a continuous basis with local institutional investors to draw awareness on how shareholders rights can influence company behaviour. Bursa Malaysia believes that corporate Malaysia will benefit greatly when all stakeholders play their part to raise the standards of CG.
In order to inculcate a strong CG Culture within listed issuers and more beyond compliance, Bursa Malaysia has embarked on various educational initiatives to promote greater awareness and understanding of good governance practices.
Our approach for education entails structuring programs for directors and senior management of targeted listed issuers based on specific areas of focus for strengthening of CG culture as well as transparency.