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Corruption, fraud and scandals are common in Malaysian business these days - The Star Online (Business news), January 17, 2014. Based on the above statement,

"Corruption, fraud and scandals are common in Malaysian business these days"

- The Star Online (Business news), January 17, 2014.

Based on the above statement, discuss the need for good governance in a highly competitive business environment these days. Support your discussion with relevant laws and examples.

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