SC: Only 59% of listed companies have anti-corruption policies

As part of its anti-corruption measures for the year, the SC said it had set up the SC Anti-Corruption Committee in April 2019 to identify improvement opportunities to strengthen governance, integrity and anti-corruption measures within the SC itself.

PETALING JAYA: A review undertaken by the Securities Commission (SC) had found that only 59% of listed companies had anti-corruption policies in place, and the majority of these policies were in need of enhancements.

In its annual report, the SC said the review had been undertaken last year in light of the corporate liability provision (Section 17A3) in the Malaysian Anti-Corruption Commission Act 2009, which comes into force on June 1,2020.