Malaysian Institute of Corporate Governance

Advocacy

Embracing the belief that ethical business practices are the bedrock of sustained success, we invite organisations to join us on this journey towards a more sustainable and accountable future.

Our advocacy centers on research and establishing governance and sustainability standards, driving positive change and responsible practices in every sector.

Research on Governance and Sustainability

Pioneering research to drive informed decision-making, ensuring sustainable business practices that align with evolving governance standards and environmental responsibility.


Creating Standards on Governance

Establishing benchmarks for corporate governance excellence, shaping industry norms, and fostering a business environment founded on ethical principles, transparency, and stakeholder value.


Undertaking Assessment on Companies

Evaluating corporate structures to enhance accountability and performance, providing actionable insights that empower companies to navigate challenges and excel in the ever-evolving business landscape.


Organising National Level Conferences

Leading change by convening impactful conferences, with our flagship event focusing on procurement excellence. Uniting thought leaders to shape governance and sustainability agendas for a thriving future.


Participation in National Level Initiatives
Collaborating with key stakeholders in the Corporate Governance Council and SME Governance Working Group, shaping policies, and driving initiatives to strengthen governance practices on a national scale.

Collaborating with Academia
Partnering with academic institutions to embed governance and sustainability principles early on. Ensuring our future leaders have the knowledge and values essential for a responsible and sustainable corporate landscape.
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Malaysian Code on Corporate Governance

The Malaysian Code on Corporate Governance (MCCG) provides guidelines for companies to observe good corporate governance and sustainability in their business practices. MCCG emphasises the responsibilities of companies to their shareholders by ensuring the highest level of transparency, accountability, and integrity. While the MCCG is targeted at listed companies, non-listed entities, including state-owned enterprises, public companies, and capital market intermediaries, are encouraged to embrace this Code.

MCCG was first developed in 2000 following a recommendation by the High-Level Finance Committee on Corporate Governance. The Committee was established by the Government during the 1998 Asian financial crisis to look into establishing a framework for corporate governance and setting best practices for the industry. The Committee formed a Working Group on Best Practices in Corporate Governance (JPK1) to develop the MCCG, which MICG later published in collaboration with the Malaysian Law Journal Sdn Bhd.

The MCCG was subsequently reviewed and updated in 2007, 2012, 2017 and 2021 to ensure it remains relevant and is aligned with globally recognised best practices and standards. The latest version of MCCG is available on the Securities Commission Malaysia’s website.

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Governance Code for Malaysian MSMEs

The Securities Commission Malaysia has taken a significant step towards enhancing corporate governance within micro small and medium-sized enterprises (MSMEs) by announcing the development of a governance code for MSMEs in its Corporate Governance Strategic Priorities document. The Code aims to provide a framework that addresses MSMEs’ unique needs and challenges, promoting transparency, accountability, and responsible business practices.

 

To facilitate the development of the Code, a dedicated Working Group has been established, bringing together key stakeholders in the endeavour. Chaired by the Securities Commission Malaysia, other working group members include the Ministry of Development Entrepreneurship and Cooperative (MEDEC), SME Corporation Malaysia and MICG. MICG has been entrusted with developing the Code, which is scheduled for public consultation in January 2024. The release of the Code is scheduled for the second quarter of 2024, marking a milestone in fortifying corporate governance practices within Malaysia’s MSME landscape.


Stay tuned for updates as this initiative unfolds.