The role of boards have evolved with the times, impacted by market developments and emerging trends.
Increasingly, regulators and investors are expecting Boards to improve in the quality of disclosure and better manage investor relations, and address shareholders’ rights, among other priorities. These are areas where Singapore, Hong Kong and Thailand outperform Malaysia according to the CG Watch 2012 Report by the Asian Corporate Governance Association (ACGA) and CLSA Asia Pacific Markets.
This Alert talks about the Securities Commission’s five-year Corporate Governance (CG) Blueprint 2011 in particular, and what it means for businesses.
It highlights the Blueprint’s six CG themes and their implications for boards, namely:
• More timely and higher quality disclosure requirements
• Increased shareholder and institutional activism and litigation
• Initiatives to improve board roles and composition
PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.