Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
Good Corporate Governance Depends On Balanced Board Composition Says Bank Negara
KUALA LUMPUR, Aug 9 (Bernama) -- Good corporate governance depends on the existence of a balanced pool of longer-serving individual directors and new directors in a company, said Bank Negara Malaysia.
Deputy Governor Datuk Muhammad Ibrahim said boards were often confronted with the challenge of achieving an optimal balance between the need for continuity and the need for fresh perspective.
"If not balanced appropriately, this can lead to complacency, and as a result, the institution would remain uncompetitive," he said in a keynote address presented at a workshop "On the Challenges of Corporate Governance in the Financial Services Sector" on Wednesday.
Among the challenges for corporate governance included the increasing complexity of the operations of financial institutions and financial groups.
Muhammad said the oversight of financial groups with cross-border operations was more complex and demanding, as groups have a highly diverse range of businesses, products and services, and diversified clientele base.
In dealing with this, he said a more diverse board, reflecting the financial group's cross-border presence, might also be necessary.
"As the operating environment becomes more complex, it is not an impossibility that sometime in the near future there would be a demand for 'professional directors'," he added.