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When listed companies don’t comply with good practices, they must explain what else they can do
GOLDEN Plus Holdings Bhd (GPlus) will be delisted on Tuesday. But that shouldn’t be the end of the story. If that’s the last we hear of the company, we would have reason to question the level of corporate governance and regulatory effectiveness in Malaysia.
WHO says minority shareholders are a helpless lot? How can that be true when a person with a minuscule number of shares in a listed company became the only one to nominate the new external auditors for the company? And he didn’t even have to explain why he did so.