Trust as a basis for business strategy

Lim believes there is value-add to having better governance at companies.

The effects and impact of ongoing efforts to solidify corporate governance -- with the end-game being self-governance -- are often seen from a longer-term perspective, when one steps back and sees how far we have come in the last four years and even more importantly, from 2000 under the Malaysian Code on Corporate Governance (MCCG) to now. Additionally and significantly, Malaysia moved up in the ranking by the Asian Corporate Governance Association (ACGA) by four places, from seventh to third place, in the ACGA 2018 ranking.

There is a strong regulatory framework in place, despite the odd incidence of a scandal, which points to the growth and improvement in the process of corporate governance.