COMPANIES are always looking for independent directors. And, there is a popular perception that independent directors who have served for many years on a company’s board are likely less effective than the board’s most recent members. That is because the market perceives such long-serving directors as entrenched in the company, a captive of its management…
KUALA LUMPUR: More than 40% of 450 listed companies surveyed by Bursa Malaysia did not meet satisfactory corporate governance standards. Among the weaknesses were that companies did not comply with having “real independent” directors on their boards, the audit committee’s report not having enough information and the post of chairman and chief executive being held…
If an organisation is poorly chaired, its governance will suffer as well SEVERAL chairmen have been in the news lately. They separately chair organisations such as a foundation, a committee and a government-owned company. Each is part of a story that raises questions about transparency, governance and conflict of interest. Now is therefore a good…
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