Governance structure is crucial in directing and managing the business and affairs of the company towards promoting business prosperity and corporate accountability, with the ultimate objective of realising long-term shareholder value while taking into account the interest of other stakeholders. Good and effective corporate governance has wideranging influence and impacts to the corporate and real economic sector, including the listed and non-listed companies, which would enhance decision-making, thus lead to better performance in commercial terms. As such, companies should take into consideration the regulatory guidance such as those prescribed by laws (e.g., Companies Act 2016, Securities Commission Malaysia Act 1993), industry regulators and court judgements. Companies can also consider, where relevant, the adoption of and alignment with local guidelines (such as the MCCG by SC, Corporate Governance Guide by Bursa Malaysia), as well as international codes and best practices on corporate governance, in reporting against governance considerations and indicators.
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