Bursa Malaysia Bhd has been named one of the top five public listed companies (PLCs) in the ASEAN region as part of this year’s ASEAN Corporate Governance Awards. Malaysia led its regional neighbours with 14 PLCs in the top 50 ASEAN PLCs, said the Minority Shareholders Watch Group (MSWG), which had hosted the awards ceremony yesterday. “This project was initiated by the ASEAN Capital Markets Forum with the support of the Asian Development Bank to establish a common governance framework across the region as well as to raise the profile of ASEAN PLCs,” MSWG said. Companies were assessed based on the ASEAN Corporate Governance Scorecard 2017 (ASEAN CG Scorecard), which leverages on OECD Principles of Corporate Governance as its main benchmark. The ASEAN CG Scorecard covered five areas of the OECD Principles while adopting two levels of scoring to better capture the actual implementation of the substance of good corporate governance.

Posted by

Edge Markets