Malaysia’s corporate governance improves
posted by Glen Stidolph in Malaysia, Economic |
Malaysia’s corporate governance has shown great improvement and now complies with more than three-quarters of the IIF’s corporate governance guidelines, based on the latest Institute of International Finance (IIF) news report last week.
With the findings, Malaysia is now rated to be in the top quartile of emerging economies surveyed by the IIF in terms of corporate governance.
The IIF is the global association of financial services institutes with more than 360 members worldwide.
Maybank President and Chief Executive Officer, Datuk Amirsham A. Aziz, a member of the IIIF Board of Directors said in a statement that the report recognized Malaysia’s progress and positive actions that have been implemented in recent years, and also singled out the scope of efforts required to further improve the best practices particularly in the capital market regulatory framework.
IIF Managing Director, Charles Dallara said in recent years Malaysia has taken important steps to enhance corporate governance adding that the proposals put forward by IIF, if implemented would further enhance corporate governance and investor confidence in the Malaysian economy.
The IIF’s Malaysian Corporate Governance Task Force is headed by Manish Singhai, Chief Investment Officer, Asia (ex-Japan) Markets at Alliance Bernstein Ltd.
