MCCG 2000 Case Study
Malaysian Code of Corporate Governance 2000 (MCCG 2000)
Background and aims The Malaysian Code on Corporate Governance 2000 was issued to strengthen Malaysia’s corporate governance framework.and also to avoid corporate malefaction. This was due to 1997/98 East Asian Financial Crisis which affected the invstors confidence and caused the policy makers to learnt valuable lessons which enable them to focused their attention among others on the need to raise corporate governance standard. The Malaysian Code on Corporate Governance 2000 (MCCG 2000) was also introduced where risk management for the first time clearly stated and viewed as one of the principal responsibilities of the board of directors. Besides that, this MCCG 2000 focused on four areas, namely board of directors, director’s remuneration , shareholders and accountability and audit. This MCCG 2000 aims to sets out the principles and best practices on structure and processes that companies may use in their operation to establish optimal governance framework. These structures and processes exists at the micro level.
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