"There is a strong need for
good corporate governance and board leadership, especially as
companies navigate the prolonged post pandemic recovery
period."
Datuk Syed Zaid Albar
Executive Chairman, Securities Commission Malaysia
Since the last revision in 2017, the Malaysian Code on Corporate
Governance has been recently updated on 28 April 2021
("MCCG 2021"). This 2021 edition focuses
on globally accepted practices covering:
- enhancement of board policies and practices;
- strengthening board oversight and integration of sustainability
in the company's strategy and operation; and
- adoption of best practices especially for companies with low
levels of compliance.
While the landscape is still reeling from the effects of the
COVID-19 pandemic, the MCCG 2021 supports the boards to build
long-term resilience through the adoption and implementation of
corporate governance policies and practices. Some of the key
updates made to the MCCG 2021 are as follows:
