Malaysian Code of Corporate Governance Part 2

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  • Created by: andreaong
  • Created on: 15-12-19 02:41
What is the new practice implemented to replace 'comply or complain'?
Apply or explain an alternative
1 of 10
Large companies must have what percentage of women directors on their board?
30%
2 of 10
Why is there a problem in director's remuneration in family-controlled or State-owned enterprises?
Because there is a tendency for bias when determining remuneration
3 of 10
In the Transmile case, what happened to the independent directors for authorising the release of a misleading statement to Bursa Malaysia?
Fined RM300,000 and sentenced to one-year in jail
4 of 10
What happened in the Sime Darby case?
Tun Musa Hitam (the former deputy PM) came under fire for failing to prevent a loss of RM484 million from delays & cost overruns
5 of 10
Why is the election of independent directors ironic?
Because they are appointed by the majority shareholders
6 of 10
How have some public limited companies avoided having to call extraordinary general meetings?
Creatively pricing their transactions so they fly under the radar of Bursa's listing requirements
7 of 10
What were Abdifatah's reason for the code being inappropriate?
It was adopted from a country with different institutional settings
8 of 10
Which Agency problem occurs in family-controlled companies?
Agency problem Type 2
9 of 10
What did Standards & Poor find?
That even after the implementation of the MCCG, Malaysian companies still fall short of global disclosure practices
10 of 10

Other cards in this set

Card 2

Front

Large companies must have what percentage of women directors on their board?

Back

30%

Card 3

Front

Why is there a problem in director's remuneration in family-controlled or State-owned enterprises?

Back

Preview of the front of card 3

Card 4

Front

In the Transmile case, what happened to the independent directors for authorising the release of a misleading statement to Bursa Malaysia?

Back

Preview of the front of card 4

Card 5

Front

What happened in the Sime Darby case?

Back

Preview of the front of card 5
View more cards

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