A Culture of Good Corporate Governance

The OECD Corporate Governance Committee is reviewing the G20/OECD Principles of Corporate Governance. OECD, G20 and FSB members participate in the review, as well as other countries through the Committees regional Roundtables (Asia, Latin America and the Middle East and North Africa). The overall objective of the review is to update the Principles, in light of recent evolutions in capital markets and corporate governance policies and practices.The review was launched in November 2021 and will be completed in 2023.

The Securities Commission Malaysia (SC) is dedicated towards promoting the internalisation of a culture of good governance amongst capital market participants. Greater emphasis is being placed on self and market regulation to complement the existing comprehensive regulatory framework. We believe that a strong corporate governance culture must be premised on a dynamic synthesis of efforts between regulators and the market.

Discuss the several of principles of corporate governance and risk of weak corporate governance to promoting the inclusive and exclusive of corporate business environment in Malaysia.