Malaysian Code of Corporate Governance Part 2 0.0 / 5 ? Business ManagementMalaysian Code of Corporate Governance UniversityOther Created by: andreaongCreated 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
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