News
MSWG Launched Its “Press Statement”
26 November 2008
MSWG launched the Press Statement on 26 November 2008 at the Renaissance Kuala Lumpur Hotel. The event was attended by 190 invited guests including the Retail Shareholders.
The CG Survey 2008 which was carried out in collaboration with the Nottingham University Business School, presents the findings on the compliance or otherwise by all public listed companies on Bursa Malaysia Securities Berhad with the corporate governance principles and best practices. It shows the ranking of each company based on its Corporate Governance Score which comprises the company’s compliance with 40 key items reflecting the principles and best practices enjoined by the Malaysian Code on Corporate Governance as well as the Listing Requirements and 35 key items of international best practices drawn from other influential principles, guidelines or codes on corporate disclosure and governance.
For the CG Survey 2008, 3 categories of awards were made to the top companies, i.e. Industry Excellence Awards, Overall Excellence Awards and Corporate Governance Challenge Trophy. Public Bank Berhad was the only company which breached the 90% mark and emerged top for the Corporate Governance Survey 2008. Public Bank won the Industry Excellence Award for the Finance Sector, Overall Excellence Award and the Corporate Governance Challenge Trophy.
The CG Survey 2008 is part of MSWG’s efforts for continued drive to promote corporate governance and shareholder activism. It is an essential guide to stakeholders as well as to allow them to examine directors’ contribution to board oversight and management participation in corporate governance reforms and to help them keep abreast of corporate governance trends and practices not only from the viewpoints of local perspectives, but international aspects as well.
It is hoped that every public listed company, director and stakeholder will derive tangible benefits by studying the findings of the CG Survey 2008.
Download Press Statement
26 November 2008
MSWG launched the Press Statement on 26 November 2008 at the Renaissance Kuala Lumpur Hotel. The event was attended by 190 invited guests including the Retail Shareholders.
The CG Survey 2008 which was carried out in collaboration with the Nottingham University Business School, presents the findings on the compliance or otherwise by all public listed companies on Bursa Malaysia Securities Berhad with the corporate governance principles and best practices. It shows the ranking of each company based on its Corporate Governance Score which comprises the company’s compliance with 40 key items reflecting the principles and best practices enjoined by the Malaysian Code on Corporate Governance as well as the Listing Requirements and 35 key items of international best practices drawn from other influential principles, guidelines or codes on corporate disclosure and governance.
For the CG Survey 2008, 3 categories of awards were made to the top companies, i.e. Industry Excellence Awards, Overall Excellence Awards and Corporate Governance Challenge Trophy. Public Bank Berhad was the only company which breached the 90% mark and emerged top for the Corporate Governance Survey 2008. Public Bank won the Industry Excellence Award for the Finance Sector, Overall Excellence Award and the Corporate Governance Challenge Trophy.
The CG Survey 2008 is part of MSWG’s efforts for continued drive to promote corporate governance and shareholder activism. It is an essential guide to stakeholders as well as to allow them to examine directors’ contribution to board oversight and management participation in corporate governance reforms and to help them keep abreast of corporate governance trends and practices not only from the viewpoints of local perspectives, but international aspects as well.
It is hoped that every public listed company, director and stakeholder will derive tangible benefits by studying the findings of the CG Survey 2008.
Download Press Statement
