On August 8, the Malaysian Institute of Corporate Governance (MICG) launched its inaugural report on transparency in corporate reporting among Malaysia's top 100 public listed companies (PLCs).
As expected, and feared, many companies fell short of the three areas in which they were assessed: anti-corruption programmes (40%); organisational transparency (30%); and sustainability practices (30%).
Out of a possible score of 10, the average company score was a mere 4.6.
The report also stated on an overall basis, government linked companies score better relative to multinational corporations and family-run public listed companies with average score of 5.8,5.5 and 4.1, respectively.
The scope of the report covers the assessment of Bursa Malaysia's top 100 public listed companies by market capitalisation as of December 30, 2016.