Page 48 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

In 2018, the SC continued to engage various up-to-date information on corporate governance,
stakeholders to drive the adoption of corporate obtain deeper insight on trends and enhance
governance best practices. In collaboration with Bursa information sharing with stakeholders. Observations
Malaysia, engagement sessions were held with close gathered from the system were shared with various
to 600 directors of listed companies on the new stakeholders including at the Malaysian Institute of
reporting approach for corporate governance, its Chartered Secretaries and Administrators (MAICSA)
rationale and expectations. The SC also worked closely Annual Conference 2018 attended by nearly 500
with the 30% Club Malaysia and engaged chairmen MAICSA members, the OECD Asian Roundtable on
of listed companies to drive gender diversity on Corporate Governance 2018 and at a session with
boards. Chairmen and CEOs of companies with all members of the Institutional Investors Council of
male boards were invited to these discussions to Malaysia.
enable the SC to better understand the efforts and
challenges in sourcing women candidates. As a The SC will be releasing its first thematic report
result, the number of all male boards in the top based on data gathered through the system in the
100 listed companies has reduced from 20 as at first quarter of 2019. The report will include a focus
31 December 2017 to only one listed company as on shareholder activism and voting patterns
at 31 December 2018. observed in the reappointment of long-serving
independent directors.

Using data analytics to gain deeper
insight on corporate governance Strengthening the effectiveness
of directors and supporting board
In line with the CG Priorities, the SC began leadership
leveraging data analytics to monitor the corporate
governance practices and disclosures of listed Recognising the important role of individual directors
companies. The system allows the SC to have in driving board performance and corporate

Diagram 2
Gender diversity on boards of listed companies

All
Top 100 Companies with >30% women directors
25 23.68
Overall: 116 PLCs (14%)
19.2 – Large* PLCs: 28
20 16.6 15.69 – Non–large PLCs: 88
Percentage (%) 15 12 13.3 Companies with at least one woman director

10
Overall: 571 PLCs (70%)
– Large* PLCs: 105
5 – Non–large PLCs: 466

Note:
0 Year * Large companies as defined in the MCCG
2016 2017 2018
Source: SC

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