MSWG launches a new service for its members: the Corporate Governance Screen
- released on 25 October 2004
Badan Pengawas Pemegang Saham Minoriti Berhad (BPPSM), also known
as the Minority Shareholder Watchdog Group (MSWG), is pleased to announce
today the launch of the first of its new services for its members
and subscribers. This new service named the “Corporate Governance
Screen” (ie, “Corporate Governance Screen”) is a
short scorecard (of about 2-3 pages) highlighting the corporate governance
risks of a company. It will be a particularly useful tool for users
on the staff of MSWG members and subscribers who need to have a “green
light, red light” opinion of whether a company poses obvious
corporate governance risks.
This is the first in a series of new services to be launched by
MSWG in the next twelve to eighteen months. Other planned services
include a new Proxy Voting Services to be launched in time for the
next proxy voting season in Q2-2005, and a new Corporate Governance Analysis, that
is a more comprehensive (about 20-30 pages) corporate governance
risk and peer benchmarking report than the Corporate Governance Screen.
During the initial phase of the roll out of the Corporate Governance Screen, in the
last quarter of 2004, a universe of only 50 companies publicly listed
on Bursa Malaysia will be subject to individual Corporate Governance Screens. Moving
forward, this universe will be expanded and reports on companies
already screened once will be refreshed, from time to time.
This new service was developed in close consultation with fund
managers, research analysts and other practitioners on the staff
of our members and subscribers. From time to time, MSWG conducts
survey of our members/subscribers’ needs and, in Q4-2004,
to establish an on-going mechanism to receive feedbacks from its
“service users”, MSWG has established a MSWG Product
Development Advisory Committee (PDAC). PDAC is composed of key managers
and users at MSWG members and subscribers. Frequent imput from the
PDAC have been and will continue to be an important way to improve
existing and planned MSWG services.
In addition to the launch of new services for its members, MSWG
continues to perform its public mandate as an effective public educator
and conscience for minority shareholders in Malaysia. For instance,
in Q4-2004, MSWG has publicly commented on the proposed Hi&Lo/Guthrie/Ropel
merger, has written opinion pieces (notably in the magazineThe Edge
of October 11, 2004, on non-executive director remuneration) and
has written a submission in reply to a public consultation by Bursa
Malaysia on proposed changes to listing rules.
All inquires and correspondence can be sent to MSWG at the following
address:
Badan Pengawas Pemegang Saham Minoriti Berhad
11th Floor Bangunan KWSP
No. 3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur
Tel:03-2070 9090
Fax:03-2070 9107
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