New Malaysian listing rules to require compliance with code

Proposed amendments to the Kuala Lumpur Stock Exchange KLSE listing rules will require all listed companies to comply with the Malaysian Code of Corporate Governance as the code is voluntary at present, said Nordin Baharuddin, executive chairman of Ernst Young.

Speaking at Ernst Young's Breakfast Forum on Corporate Governance Annual Report Disclosure Requirements -- Is Your Company Ready, Nordin said the expected amendments meant that all listed companies need to state in their annual reports both compliance and non-compliance with the code.

Nordin said the KLSE and the Securities Commission SC had the first roll-out session in May for companies with June 30 year-ends, with the expectation that the requirement...

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