12MP review: Shareholder transparency laws to be reviewed, says PM


Datuk Seri Anwar Ibrahim. - Facebook pic

KUALA LUMPUR: Laws will be reviewed to ensure greater transparency of shareholdings, particularly of bumiputra-owned companies, says Datuk Seri Anwar Ibrahim.

"The Companies Act 2016 and Limited Liability Partnership Act 2012 related to beneficial ownership declaration is being reviewed, aimed at strengthening transparency of share ownership in line with emphasis on good governance," the Prime Minister said when tabling the 12th Malaysia Plan (12MP) mid-term review in Parliament on Monday (Sept 11).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Those guilty of corruption should be declared bankrupt, says Azam Baki
Wanita MCA ramps up preparing women candidates for next GE
Singapore and Malaysia will jointly study optimal air traffic management
Landslide damages eight houses in Gombak village following heavy rain
Papa concerned over foreign worker quota applications
Samenta says no to mandatory job vacancy reporting, calls on govt to use opt-in system
PERKESO plans to exempt SMEs from mandatory job vacancy reporting, says Steven SIm
Building educators of tomorrow and beyond
Cabinet briefed on monsoon readiness as flood victims drop below 3,200
Coroner adjourns Zara Qairina inquest, warns public against commenting on proceedings

Others Also Read