KUALA LUMPUR: The enforcement powers of the Securities Commission (SC) on corporate governance transgressions will be strengthened, says Prime Minister Datuk Seri Najib Razak.
The SC will be empowered to take action against a director or officer who causes “a wrongful loss to a public listed company (PLC) or its subsidiary to the detriment of the PLC”.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!