Malaysian Code Of Corporate Governance Mccg 2017

In 2017 the.

Malaysian code of corporate governance mccg 2017. The new mccg introduces substantial changes and recommendations with a view of raising the standards of corporate. The malaysian code on corporate governance. It recognises that there are aspects of corporate governance where statutory regulation is necessary and others where self regulation complemented by market regulation is more appropriate. This sets out best practices to strengthen corporate culture pillared on accountability and transparency.

The mccg was reviewed in 2007 and 2012 to ensure that it remains relevant and is aligned with globally recognised best practices and standards. The malaysian code on corporate governance 2017 a new malaysian code on corporate governance 2017 mccg was released by the securities commission malaysia and takes effect on the 26 april 2017 replacing the 2012 code. Key features of the new approach are listed in diagram 1. 2 5 in 2017 the mccg which supercedes its earlier edition takes on a new approach to promote greater internalisation of corporate governance culture.

The securities commission malaysia sc released the new malaysian code on corporate governance mccg on 26th april 2017 which effectively replaced the 2012 version of the code. Malaysian code on corporate governance 2017 mccg under practice 6 1 of the mccg the board shall have in place policies and procedures to determine the remuneration of directors and senior management taking into account the demands complexities.