Malaysian Code of Corporate Governance

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  • Created by: andreaong
  • Created on: 14-12-19 06:39
H U C M J X D U F F I L B L J Q Y A P F V
Y S W C S F T P S R C E S I C P T N X J K
R O H C E P I H S Q O X J M M H A R Q L F
O X W G C E E A W R I L F I K A E S N H D
E C C S I M D S M Q M S I T B S N A F R D
H S S T T O H E P A L E G A V E E W F H E
T N E O C C G T L J V C U T J T D V Q O P
R K M C A T J W A Q R I I I L H I X K E N
E T I K R U G O K H B T D O J R J H D O R
D Y G P P O R O P F S C A N K E R G O L M
L F E E P D B F O P Q A N S L E N Y U D M
O B R R U E M R S N X R C O K O B H B D B
H C R F P D E E W D P P E F A F G L Q X E
E P E O E N G F F U L C P T U R S E V W H
K Y H R T E Y O M X O L E H P E Y K E H J
A S T M S T R R Y H X J P E X F J S U X W
T J O A M N E M P L X U R M S O F J E N X
S M P N I I U S N P R M M C G R Q F J M K
J C W C N O F Y A F Q F X C G M W A I U R
U M C E T O J L A J A S F G O S X L O K L
X Y P O G X P W G H J Y P L K V K Q O P T

Clues

  • 82% of investors said corporate governance is as important as financial issues, most would be willing to pay a 22% premium for well-governed firms & stock price increased by 5% after implementation of MCCG (4, 5, 11)
  • Actions, processes & procedures that will help companies to achieve the Intended Outcome (9)
  • Claims that corporations should operate for the benefit of all who have a stake in the company (11, 6)
  • Financial Sector Master Plan & Capital Market Master Plan (5, 7)
  • Gives assistance to companies on how to apply the Practices (8)
  • Gives companies the line of sight on what they will achieve through the application of the practices (8, 7)
  • Mandatory reporting on state of compliance allowed the public to assess the standard of a compliance with MCCG by public listed companies (5, 3, 2, 7)
  • MCCG 2012: Listed companies required to disclose their state of compliance with the MCCG in their annual reports even though compliance is voluntary (5, 5, 2, 7)
  • Not mandatory but encourage companies to go a step further in strengthening their governance practices & procedures (4, 2, 9)
  • Only applies to Public Listed companies (meaning state-owned, SMEs & licensed intermediaries are exempt) & some practices only apply to Large companies (11, 2, 3, 4)

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