Countries and Regions

	Table of Contents
p. 4 of 18 BACK | NEXT I. Country Performance Assessment A. Economic Performance Assessment B. Assessment of Socio-Environmental Performance C. Governance: Sound Development Management D. Implementation Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Malaysia : I. Country Performance Assessment

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C. Governance: Sound Development Management

21. The need to improve governance standards has been felt more strongly after the onset of the crisis. Areas to be strengthened include disclosure and transparency in corporate governance including ownership structures of public limited companies, the protection of the interests of minority shareholders and the effective implementation of stock market regulations. To this effect, the Government has prepared a Report on Corporate Governance which was published in March 1999. The Report includes the Malaysia Code of Corporate Governance describing the principles and good practices to be adopted in corporate governance, areas of education and training, as well as measures for strengthening the statutory and regulatory framework for corporate governance. The Government also made available on a website information regarding the activities of the institutions involved in bank and corporate restructuring. The involvement of international consultants as advisors to these institutions is also expected to improve the transparency and disclosure standards of these institutions. The ADB's Anticorruption Policy has been disseminated to the Government and executing agencies.

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