THE maturity of the capital market is reflected in the quality of its corporate governance (CG). Most observers say CG in Malaysia has much to improve.
On the surface, we appear to have complied (with the myriad of regulations to provide for good CG) and have a good record on paper in meeting international benchmark “good practices.” But in substance, we don't do so good. Indeed, there is much to be desired. Still, we are told often enough, we need more rules to remain relevant.
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