Shareholder involvement is essential to sustainable value

Right direction: Malaysia’s landmark Petronas Twin Towers and other commercial buildings in Kuala Lumpur’s central business district. The Principles for Good Governance document released earlier this year is widely seen as a positive step going forward. — AFP

OVER the years, the corporate governance realm has witnessed a slew of systemic changes, so much so that selected mathematical descriptors may no longer fit the current governance realities.

For example, in a board evaluation exercise, a 90-degree assessment method, which entails a unilateral assessment by the chairman on the rest of the board members, may not be seen as right.