Bank Negara proposes to enhance corporate governance for Development Financial Institutions

Bank Negara Malaysia is seeking written feedback on the exposure draft of a policy document, Corporate Governance (‘Proposed Policy Document’) issued on 23 August 2019.  The Proposed Policy Document will apply to prescribed Development Financial Institutions under the Development Financial Institutions Act 2002 
 
According to an announcement issued by Bank Negara on 23 August 2019, the Proposed Policy Document will enhance corporate governance for Development Financial Institutions and will supersede the Guidelines on Corporate Governance for Development Financial Institutions issued on 19 November 2011 (‘Existing Guidelines”) when it comes into effect.
 
The Proposed Policy Document appears to be more streamlined that the Existing Guidelines.
 
The deadline for submission of feedback is 23 September 2019.