Getting away with white collar crime

THOUGH much has been done to improve the awareness of corporate governance in Malaysia, the reality is that the lax enforcement of laws on directors and officials of listed companies in Malaysia remains a major setback. The most oft-cited observation is that hardly any director of a listed company has been put behind bars. In the words of one observer: “White collar crime still seems to pay in Malaysia.”

Not all parties overseeing regulation are to be blamed though.