Two codes of corporate governance were issued in Malaysia since 2000: the Malaysian Code of Corporate Governance in 2000 and 2007. The codes were developed based on international best practices and recommendations to promote transparency and accountability of public listed companies. The codes require boards of directors to implement efficient internal control mechanisms to ensure transparency and accountability within their organizations. The 2012 Malaysian Code of Corporate Governance expanded upon earlier codes by providing more comprehensive principles and practices for public listed companies.
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Tutorial 8 - ND
Two codes of corporate governance were issued in Malaysia since 2000: the Malaysian Code of Corporate Governance in 2000 and 2007. The codes were developed based on international best practices and recommendations to promote transparency and accountability of public listed companies. The codes require boards of directors to implement efficient internal control mechanisms to ensure transparency and accountability within their organizations. The 2012 Malaysian Code of Corporate Governance expanded upon earlier codes by providing more comprehensive principles and practices for public listed companies.
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Tutorial 8: Corporate Governance
1. How many codes of corporate governance were issued in Malaysia
since 2000 and what are these codes?
2. What is the basis for the development corporate governance codes in Malaysia?
3. What does internal control means and what is required of the board of directors in implementing an efficient internal control mechanism as required by the codes of corporate governance in Malaysia?
4. What does transparency means within the context of these codes/
5. What is the difference between the Malaysian Codes of Corporate Governance of 2000 and 2007 as compared to the MCCG of 2012?