KUALA LUMPUR – The Securities Commission (SC) today denied a news article saying it has changed the reporting format for the Corporate Governance Monitor (CG Monitor).
“SC refers to an article by Ekonomi Rakyat, titled ‘Suruhanjaya Sekuriti Ubah Format Laporan, Pendapatan CEO Tidak Lagi Didedahkan’ (Securities Commission Changes Reporting Format, CEOs’ Incomes No Longer Revealed), published on October 16, 2020.
“SC would like to clarify that the article is inaccurate. We have not changed the format of reporting for the CG Monitor,” it said in a statement.
The commission said the annual report tracks the adoption of the Malaysian Code on Corporate Governance by listed companies, and analyses corporate governance issues.
“Last year, the CG Monitor included a thematic review of the CEO pay of the top 100 listed companies.
“This year, it focused on the board remuneration of listed companies on the FTSE Bursa Malaysia Top 100 Index, as well as the adoption of two-tier voting and fully virtual general meetings by listed companies since the movement control order was implemented.” – Bernama, October 17, 2020
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