Last week, Bank Negara issued enhanced standards to raise the corporate governance bar in financial institutions across Malaysia. The changes cover aspects, such as board composition, a whistle-blowing policy and remuneration arrangements.

We explore the rationale and efficacy of these changes - and more importantly, if we are ready to make them.

This is a report by Wei Lynn Tang.

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Tags:  Bank Negara,  corporate governance,  banks,  corporate governance standards,  compliance management,  penalties,  non-compliance,  governance framework