Human governance is key to better corporate integrity

Rules to comply with: In addition to what has been spelt out under the Malaysian Code of Corporate Governance 2017, listed companies have another level of compliance to adhere to under Bursa Malaysia’s Listing Requirements. — Bernama

THE primary aim of the Malaysian Code of Corporate Governance 2017 (MCCG) is to instil greater governance culture not only among listed entities but also among all companies which are now encouraged to adopt the practices outlined.

Companies are also required to disclose in their respective annual reports the level of compliance to the MCCG, which is a key departure from the previous “comply or explain” to the current mantra of “apply or explain an alternative”.