The missing link to good corporate governance in Malaysia

The topic of corp orate governance has entered the agendas of many boards of directors in recent years. It is no longer a topic for idealists or academics. More corporate leaders are convinced by the necessity of good corporate governance. The Asian financial crisis, that s tarted in 1997, partly originating from the prolonged recession in Japan in the early 1990s (Sachs, 1998) ,adversely affected the performance of many East Asian economies. Malaysia was not spare d from the contagious effects that followed throughout 1998. It is generally believed that a lack of sound corporate governance was, to a certain extent, a major reason for this economic crisis in the East Asian region (D'Cruz, 1999; Khas, 2002; Kim, 1998)