Additionally and significantly, Malaysia moved up in the ranking by the Asian Corporate Governance Association by four places, from seventh to third place, in the ACGA 2018 ranking.
‘Trust, not money, is the currency of business, ’ goes the saying replicated on the brochure for the inaugural International Directors Summit 2019 organised by the ICDM team, and Lim shares valuable insights on this and other key elements making up the interwoven web of corporate governance. “The way markets have changed over the years, ” she adds, “consumers have a direct and a big, big say in how corporates should behave, in the types of products they should bring out.”
ICDM, whose formation in 2018 was spearheaded by the Securities Commission , representing the last leg of the corporate governance agenda and blueprint for 2020, not only has the mandate to improve governance on boards but also with the backing of the three main regulators -- Bank Negara, SC and Bursa Malaysia -- but is also tasked with multiple missions, chief among them, to help improve governance on boards.
“Diversity makes for better performing boards, ” she states, and where there are gaps on boards, and those gaps can be filled by board-ready directors that have the foundational and fundamental knowledge and experience relevant to the needs of that corporation – small, medium or large – then ICDM has the resources to advise and assist.
Finally this Lady got it..Yes..trust,trust and trust..a rare commodity nowadays..Good brands are built on trust..e.g. Coca-Cola and Toyota(TPM)..puts a lot of emphasis on customers..Not syok sendiri..which mostly Msian way of thinking and business practices..
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