Bursa seeks feedback on Corporate Governance Guide revamp proposals

PETALING JAYA: Bursa Malaysia Securities Bhd has issued a consultation paper seeking public feedback on the proposals to revamp its Corporate Governance Guide.
It said in a statement, the proposed revamped guide is aimed at providing a practical guide for listed issuers to improve their corporate governance practices and reporting, with particular emphasis on the principles and practices that are contained in the new Malaysian Code on Corporate Governance (MCCG) released by the Securities Commission Malaysia on April 26.
Bursa Malaysia noted that while the proposed revamped guide still contains some of the useful information from the second edition of the Corporate Governance Guide issued by the exchange in 2012, it has been given a major enhancement in terms of its content and layout to improve its overall usefulness to directors and listed issuers.
The proposed revamped guide takes into account the new approach of “CARE” (Comprehend, Apply and Report) introduced in the MCCG.
Its structure is aligned to the new structure of the MCCG which comprises three principles – intended outcome, practices, and step-up practices for large companies as defined in the MCCG as well as guidance that follows each practice.
The consultation paper is available on the regulator’s website. It is open for feedback until Oct 23, 2017.