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The purpose of this Corporate Governance Statement is to provide investors with an important insight into the corporate governance practices of the Group.
Maybank Group’s corporate governance model adopts the following requirements and guidelines:
(i) Revised Malaysian Code on Corporate Governance (“the Code”);
(ii) Bank Negara Malaysia (“BNM”)’s Revised Guidelines on Corporate Governance for Licensed Institutions (“BNM/GP1”);
(iii) Bursa Malaysia Securities Berhad (“Bursa Securities”)’s Main Market Listing Requirements (“Listing Requirements”);
(iv) “Green Book on Enhancing Board Effectiveness” (“Green Book”) by the Putrajaya Committee on Government Linked Companies (“GLCs”) High Performance;
(v) Corporate Governance Guide (“CG Guide”) by Bursa Malaysia; and
(vi) Minority Shareholders Watchdog Group (“MSWG”) Corporate Governance guidelines.
The Board is committed to maintaining high standards of corporate governance with a view to enhancing stakeholder value, increasing investor confidence, establishing customer trust and building a competitive organisation to pursue the Group’s corporate vision to be a regional financial services leader by 2015. The Board’s fundamental approach in this regard is to ensure that the right executive leadership, strategy and internal controls for risk management are well in place. Additionally, the Board is committed to achieving the highest standards of business integrity, ethics and professionalism across all of the Group’s activities.
Maybank also examines developments in corporate governance standards of leading and reputable organisations and institutions in the region and around the world to ensure its approach in Malaysia and in countries the Group has presence is in line with the latest international best practices.
The Board continuously reviews its governance model to ensure its relevance and ability to meet the challenges of the future.
