Governance must be substance over form

According to the Securities Commission’s (SC) website, MCCG 2017, which was introduced in April 2017, comprise 34 standard practices to support three key main principles, which are board’s leadership and effectiveness; effective audit, risk management, and internal controls; and corporate reporting and relationship with stakeholders.

TIME and again we are reminded how important corporate governance is for listed companies as the companies are judge by stakeholders on actual practices and in line with what is laid out in the Malaysian Code of Corporate Governance 2017 (MCCG 2017).

According to the Securities Commission’s (SC) website, MCCG 2017, which was introduced in April 2017, comprise 34 standard practices to support three key main principles, which are board’s leadership and effectiveness; effective audit, risk management, and internal controls; and corporate reporting and relationship with stakeholders.