How independent are independent directors?

IT was reported early this week that the government intends to establish a taskforce to coordinate efforts to make Malaysia an excellent nation under Corporate Governance Watch (CGW). The taskforce to be set up will be spearheaded by former Bank Nagara governor Tan Sri Dr Zeti Akhtar Aziz and the committee will study the report by CGW.

Last week, the Securities Commission (SC) released its Corporate Governance Monitor 2019 and in essence it was a document detailing corporate Malaysia’s adoption and compliance to the Malaysian Code of Corporate Governance 2017 (Code), which was released in April that year.