A MARGINAL pass in corporate governance disclosures was the best a majority of the largest 95 Bursa Malaysia-listed firms could muster, findings from a new corporate reporting survey revealed yesterday.
Like earlier surveys that showed local companies still lacking in certain aspects of corporate governance disclosures, the study conducted jointly by Universiti Teknologi Mara, the Malaysian Institute of Corporate Governance, Rating Agency Malaysia Bhd (RAM) and BizAid Technologies Sdn Bhd said “there is much room for improvement” in the reporting of corporate governance in public documents like annual reports.
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