会计论文怎么写 The Development Of Corporate Governance In Malaysia

The executive director of the National Economic Action Council (NEAC) in Malaysia, Daim Zainuddin, stated that the financial crisis in Malaysia was a ‘crisis of confidence’, where a loss in, or rather the lack of, investor confidence on the Malaysian market had been seen as having been stimulated by the weak supervision of the financial system and a lack of transparency and inadequacies in corporate governance (Zainuddin, 1998).

e. Conclusion

What can the government do in future for the improvement of MCCG? Government should keep the code up-to-date and aim to elevate the standard of conduct of directors and company officers of publicly listed companies, and to promote the development of effective internal governance and compliance. The corporate governance environment is evolving, however, and the Code and supplemental materials need to be kept up-to-date and developing the best practices. Moreover, government can consider and expedite the introduction of a corporate governance rating for all publicly listed companies by introducing a scorecard. The private investors are most likely looking for performance indicators can at least rely on the ratings to know the degree of corporate governance practice in the company and to make their own conclusions and recognize the improvements made by government, regulators and corporations but challenges remain: Convergence in regulations, attitudes and pressure from institutional investors and shareholder groups must continue. Strong supervision and enforcement of new standards are essential for success. The Malaysian “state of mind” must firmly recognize and put into practice the precepts of accountability, transparency and integrity. The laws and listing rules have been changed to promote corporate governance. That was the easy part. A paradigm shift is also necessary to adopt the true spirit of corporate governance. (apo-tokyo, 2007)

会计论文怎么写 The Development Of Corporate Governance In Malaysia