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MSWG Weekly Newsletter 14 December 2018 (English)
14.12.2018
MESSAGE FROM THE CEO
CG Watch - Malaysia Leapfrogs to 4th Place from 7th Place
On 5 December 2018, the Asian Corporate Governance Association (ACGA) published its CG Watch 2018 Report. This Report, amongst others, looks at the Transparency, Accountability and Fairness of the capital markets of the countries under their coverage.
Malaysia was ranked 4th compared to its previous ranking of 7th (in the CG Watch 2016 published in September 2016) in a list of 12 countries. Ahead of Malaysia were Australia, Hong Kong and Singapore – in that order. Australia obtained 71% (in the rankings). Hong Kong, Singapore and Malaysia got 60%, 59% and 58% respectively. This means just 2% separates Malaysia from achieving 2nd place. If we do the right things, (and not do the wrong things), we should be able to better our 4th place ranking in two years- time when the next CG Watch report will be published.
Just to add perspective and depth to the rankings, the 12th ranked country, Indonesia, got 34%.