Corporate Governance updates for listed joint stock companies

Since its inception, the Securities and Commodities Authority (SCA) has been keen on strengthening the legislative structure through its initiatives, issuance of regulations, and instructions that further enhance the governance of companies operating in the securities market. With the ultimate focus on maintaining transparency and enhancing stakeholders’ confidence, SCA continuously monitors the key developments worldwide in strengthening governance and adopting principles that contribute to achieving its vision. In its initiative to further develop and enhance corporate governance standards, the Joint Stock Companies Governance Guide (“Guide”) issued by the SCA has been amended pursuant to the decision of the Chairman of the Board of the SCA [No. (02/RM) of 2024] as issued on 10 January 2024 and enforced on 16 January 2024.