The emergence of the Yangon Stock Exchange (YSX) and the listing of the first listed company in Myanmar is a step in the right direction to improve overall institutional strength, inculcate a governance culture, spur investment inflows, and more. A good number of leading corporates and local companies in Myanmar have realised that corporate governance is not merely about conformance but rather a sound investment that will drive sustainable corporate performance amidst organisational transformation and volatile economic conditions.
In this two-part series, PwC takes a look at the corporate governance environment in Myanmar, and how it is set to transform the way businesses are managed in the country following the launch of the Yangon Stock Exchange (YSX) back in December 2015.
How are issues pertaining to corporate governance in Myanmar different from the traditional agency problems (as observed in many overseas markets)? This article further discusses the potential changes to the corporate governance environment in Myanmar ensuing the launch of the Yangon Stock Exchange (YSX).
This article examines the specifics of the terms 'corporate governance' and 'internal management systems' as they have been interpreted in the Business Regulations document released by the YSX. It further analyses what can be a way forward in terms of supplementing the existing governance requirements, and how these building blocks apply/are relevant to local companies with plans to get listed.