Bursa releases third edition of corporate governance guide

KUALA LUMPUR: Bursa Malaysia Bhd has released the third edition of the corporate governance (CG) guide for listed issuers to improve their corporate governance practices and reporting, in line with the new Malaysian Code on Corporate Governance (MCCG) issued on April 26, 2017 and the recent enhanced corporate governance disclosure requirements in Bursa Malaysia’s listing requirements.
“This initiative is to ensure our market is always distinguished by its quality of corporate leaders and companies. The CG guide seeks to cultivate actualisation of sound corporate governance practices among listed issuers,” said Bursa Malaysia CEO Datuk Seri Tajuddin Atan in a statement.
The CG guide was formulated and finalised following engagements with various key stakeholders. It sets out, among others, the comprehend, apply and report approach in the MCCG, and gives recommendations for listed issuers to apply when adopting principles and practices in the MCCG.
Through the comprehensive CG guide, listed issuers can gain insights from case studies and illustrations, to have a better appreciation of the value propositions offered by embodying CG practices.
Listed issuers and their boards are strongly encouraged to refer to the CG guide when preparing their CG Overview Statement in the annual reports, as well as the CG Report per the listing requirements.