Hap Seng

The Securities Commission (SC) has released its 2012 Corporate Governance (2012 MCCG) as a key Malaysian Code on Corporate Governance Blueprint (Blueprint) delivery, and replace 2007 Corporate Governance (2007 code) Malaysian Code. It set up a wide range of structures and processes of the principles and specific recommendations, the company should adopt good corporate governance is an integral part of their business dealings and culture. It also describes board requires identification and risk management, as well as to encourage shareholder participation. In high level finance committee report 1999, MCCG 2012 consist a Blueprint that retains the definition of corporate governance. Corporate governance defines as the structure and process that used to manage and direct the business of the company toward enhancing business prosperity and corporate accountability with the ultimate by taking into account the interests of other stakeholders whilst the objective of realizing long term shareholder value are also attention. (Corporate governance in Malaysia) One aspect of particular importance is the company itself runs within the framework of the shareholders, primarily targeting on maintaining or enhancing shareholder value as its primary goal, or whether it requires a broader stakeholder approach that emphasizes the interests of different groups like employees, credit providers, suppliers, customers, local communities. (Corporate governance, page 13, 2013) In these years company Hap Seng and Dutch Lady in Malaysia had maintain good corporate governance in the company. Both companies are publicly listed companies in Malaysia listing requirements (Malaysia, 2013) as part of their need to maintain a high standard of corporate governance practices. This will also be in both the company's financial statements comply with the majority of the principles and best practices recommended in the Malaysian Code of Corporate Governance to provide preliminary