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The Malaysian Securities Commission released a draft of the Malaysian Code on Corporate Governance 2016 (2016 Code) for public consultation. It is intended that the 2016 Code will supersede the Malaysian Code of Corporate Governance 2012. The 2016 Code, if adopted, will herald a shift towards a greater emphasis on raising the standards of good practice in relation to board leadership and effectiveness, remuneration, risk management, accountability and relations with shareholders.

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