We are pleased to share with you a new report, "Activating Asia'', on listed companies and investors in the 12 markets we cover. The research takes a deeper look at our CG Watch 2023 findings for these two categories, examining 180 of the larger listed companies in the region and analysing 17 criteria we apply for the investors category.
Key points from the report:
- Listed companies and investors are among the weakest in ACGA’s market CG eco-system ratings; investors coming out the lowest
- Companies’ practices on governance tend to follow market regulations and rarely go beyond compliance
- Australian companies are ahead followed by Malaysia, India, Singapore, Taiwan and Hong Kong in our CG ratings
- Common weaknesses relate to board diversity, lack of independent chairs or Lead INEDs, unimpressive CG reports, poor disclosures on board evaluation and executive remuneration
- Activism and domestic owner leadership have resulted in improved ratings on investors for Japan and Korea
- Domestic and retail investors are generally not seen actively pursuing stronger governance in Asia
- Our research shows more active stewardship is correlated with advancing overall CG in the markets