The principles of corporate governance is synonymous is good business ethics and highest standards of business integrity. Thus naturally adherence to sound principles of corporate governance, is pertinent to safeguarding MSC’s reputation, assets, investor confidence, and customer loyalty. Realising this, the Board of Directors of MSC is strongly beholden to the principles of corporate governance.

Corporate governance policies are already in place to ensure the proper operation of the Group in line with the long-term best interests of shareholders and requirements of law. These are reviewed continually and improvements are made to ensure that the adoption is not confined to form but embodies the substance and spirit behind the prescriptions. MSC fully supports and implements the prescriptions of the Principles and the Best Practises set out in Parts 1 and 2 of the Malaysian Code on Corporate Governance (the 'Code') respectively.

Generally, the MSC group views corporate governance with three key concepts, namely transparency, accountability as well as corporate performance. Transparent accounting conforming fully to the requirements of MASB, commitment to provide prompt and full public disclosure as well as disseminating comprehensive information on the performance of the company has already been the practice of the MSC Group.

Further information on the embodiment of the principles of corporate governance within the Group and its operations can be gleaned from our annual reports.