The Securities Commission Malaysia (SC) is dedicated towards promoting the internalisation of a culture of good governance amongst capital market participants. Greater emphasis is being placed on self and market regulation to complement the existing comprehensive regulatory framework. We believe that a strong corporate governance culture must be premised on a dynamic synthesis of efforts between regulators and the market.
The CG Strategic Priorities implemented from 2021 to 2023 will focus on five thrusts and 11 strategic initiatives to among others, strengthen board capacity in addressing sustainability, scale up investor stewardship, enhance availability of corporate governance (CG) data through the use of digital tools, and further develop the collaboration with universities to deepen engagement with youth on corporate governance.
Other downloads:
Women Participation on Boards
1. Percentage of women on the boards of public listed companies on Bursa Malaysia (PLCs)
2. Participation of women on the board (WOB) - Breakdown
All-male boards
|
Only 1 woman director |
≥ 30% WOB |
≥ 50% WOB |
|||||
---|---|---|---|---|---|---|---|---|
All PLCs | TOP 100 PLCs |
All PLCs | TOP 100 PLCs |
All PLCs | TOP 100 PLCs |
All PLCs | TOP 100 PLCs |
|
Feb 2023 | 159 | 1* | 356 | 20 | 260 | 56 | 34 | 4 |
Jan 2023 | 160 | 1 | 353 | 21 | 254 | 55 | 34 | 4 |
Dec 2022 | 171 | 1 | 347 | 21 | 241 | 51 | 29 | 2 |
Nov 2022 | 179 | 0 | 355 | 22 | 235 | 49 | 30 | 3 |
Oct 2022 | 188 | 0 | 354 | 23 | 224 | 50 | 28 | 3 |
Sept 2022 | 194 | 1 | 350 | 22 | 219 | 52 | 27 | 3 |
Aug 2022 | 198 | 1 | 348 | 22 | 220 | 52 | 27 | 3 |
Jul 2022 | 205 | 3 | 360 | 19 | 210 | 52 | 27 | 3 |
Jun 2022 | 203 | 3 | 373 | 19 | 196 | 49 | 24 | 3 |
May 2022 | 209 | 3 | 378 | 22 | 190 | 47 | 23 | 3 |
Apr 2022 | 212 | 3 | 379 | 22 | 180 | 46 | 23 | 3 |
Mar 2022 | 224 | 2 | 373 | 22 | 175 | 45 | 22 | 3 |
Note-
Under the Bursa Malaysia Listing Requirements, a listed issuer is required to have at least 1 woman director on its board. The requirement comes into effect on 1 September 2022 for PLCs with market capitalization of RM2 billion and above as at 31 December 2021 and for the remaining listed issuers on 1 June 2023. In the event of any vacancy on the board, which results in non-compliance with the requirement, a listed issuer is required to fill that vacancy within 3 months.
*The PLC’s only woman director resigned on 29 November 2022. The company’s market capitalization was above RM2 billion as at 31 December 2021 and therefore has 3 months from the date of non-compliance to comply with paragraph 15.02(1)(b) of the Main Market Listing Requirements.
[The list of Top 100 PLCs is refreshed on a monthly basis]
Guidance and FAQs on the Conduct of General Meetings for Listed Issuers
Corporate Governance Council
Annual General Meeting Corporate Governance Checklist for Shareholders
The Organisation for Economic Co-operation and Development (OECD) Principles of Corporate Governance were used as the main benchmark for the Scorecard. These cover Rights of Shareholders, Equitable treatment of Shareholders, Role of Stakeholders, Disclosure and Transparency and Responsibilities of the Board.