Corporate Governance
Bursa Malaysia, as a front-line regulator is committed to maintaining high standards of corporate governance (CG) so as to maintain market integrity. Bursa Malaysia is continuously championing initiatives to promulgate the importance of embracing the best practices of CG with their listed issuers.
Malaysian CG Regulatory Framework
What benefits can be obtained through embracing CG?
- Premium brands are placed by investors on companies with excellent CG practices
- Listed issuers will stand out, be uniquely valuable and distinguished from their competitors and be attractive to the investing community
- The Regulator's perspective; convergence of CG standards to global best practices and transparency enables regulatory harmonization which will bring about greater cross-border activities and investor confidence
Bursa Malaysia's role in the enhancement of Malaysia's CG regime
In recognising and subscribing to the importance of CG in the context of global capital market, Bursa Malaysia has taken a leading role in enhancing the standard of the Malaysian CG practices of listed issuers. For a capital market to be globally competitive and at par with international jurisdiction, it needs to be recognised as a premier and stable market. The market needs to be regarded as well-regulated from an investor protection perspective and must meet international benchmarks in terms of standards of CG practices. As a manifestation of our commitment to elevating the standards of CG of our listed issuers, we have in April 2008 established a Corporate Governance department. The key responsibilities of the new department are as follows:-
- Formulate short, medium and long term CG policies to achieve high standards of CG and elevate the country CG rating of Malaysia at the international level
- Strategise and implement appropriate measures to enhance standards of CG amongst listed issuers
- Lead all CG related initiatives across divisions of Bursa Malaysia to achieve high standards of CG
- Monitor the standards of CG, review existing plans and execute changes to raise standards of CG