KUALA LUMPUR, Oct 15 – Prime Minister Datuk Seri Najib Tun Razak said Malaysia has set an example by being the only Asia Pacific country to have consistently improved the scores in the Corporate Governance Watch Report in its past four surveys. “I would like to thank all who have worked towards strengthening our regional standing in corporate governance as we progress towards becoming a high-income, developed economy,” he said in his latest post on his Facebook account, Wednesday.
Najib was commenting on Saudi Arabia’s English-language daily newspaper, Saudi Gazette’s report about how Malaysia had strengthened its regional standing in corporate governance after recording higher scores in the biennial Corporate Governance Watch 2014 Report. The prime minister also provided a link to the news report.
In its online portal, Saudi Gazette reports that according to the report by the Asian Corporate Governance Association, in collaboration with CLSA Asia-Pacific Markets, Malaysia achieved an overall score of 58 percent in 2014 compared to 49 percent in 2007, maintaining its fourth ranking in the region. The newspaper said, the report drew attention to the sustained and concerted efforts by Malaysia in driving governance reforms, resulting in Malaysia becoming the only market out of the Asia Pacific countries assessed that consistently improved its scores in each of the last four surveys.
Corporate Governance Watch Report or ‘CG Watch’ is a major regional survey which looks at the macro corporate governance quality in 11 Asian markets and provides aggregate data on more than 500 companies.