Paradise Wise Berhad is one of the medium-sized enterprises. In the board meeting recently, all of the directors agree to take progressive action in order to be a listed firm in Bursa Malaysia. Their core businesses are plantation and construction. Currently, their board of directors are comprised of 10 male members, and 1 female director. Out of 11 members of the board, 7 members are non-independent directors, while 4 other remaining members are independent directors. The company Chief Executive Officer (CEO), Mr. Razak, is also holding a position as a Chairman of the company. At this point of time, the Finance Manager, Mr. Ali, is also being appointed as the Chairman of Audit Committee. Mr. Ali also served in the board member. The Audit Committee is currently comprised of 2 directors that are Mr. Ali and Mdm. Mastura. In term of experience, Mdm Mastura has been appointed as an independent director in the Paradise Wise Berhad for 9.5 years. In the past, Mdm Mastura received her Bachelors degree and Masters Degree in Agriculture from Universiti Putra Malaysia. Mr Razak, the CEO of the company always working closely with the external auditor and he is the one that assesses the suitability, objectivity and independence of the external auditor. The Human Resource (HR) Department in the company has also received several reports from the employee recently. One of the employee claim that those who work in the procurement department frequently upgrade their cars and smartphones. Another employee claim that she detected that the companys vehicles have been used for personal purpose. The HR department also received complaints from the board members, where the distribution of the material for the board meeting only reach them 1 day before to the meeting. You are Mr. Daniel, a corporate governance consultant at Bursa Malaysia. Provide your professional recommendation to the Paradise Wise Berhad on how the company should improve their corporate governance structure before the firm can apply for the listing in bursa Malaysia .

it is management ethic and governance policy. Please answer in the point form.and write more please.