KUALA LUMPUR (Oct 7): Rita Benoy Bushon announced today she will cease to be the chief executive officer of Minority Shareholder Watchdog Group (MSWG) as of Jan 1, 2017, after seven years of holding the position. The success of these efforts was reflected in MSWG's increase on the ASEAN Corporate Governance Scorecard (CG Scorecard) — a scorecard that uses standardised parameters to measure corporate transparency all across the ASEAN region. Benoy Bushon was also instrumental in the formation of the Council for Institutional Investors, which focuses on stewardship and responsible investing practices, in 2015, following the development of the Malaysia Code for International Investors in 2014. "I wish to thank the Board of MSWG for giving me the opportunity to head MSWG and to the Management for their team effort to pursue the objectives of MSWG," stated Benoy Bushon in an official letter, announcing her retirement. MSWG was established in 2000 with the aim of protecting the interests of minority shareholders through shareholder activism, and promoting proper governance among public listed companies.

Source: The Edge Markets October 07, 2016 09:33 UTC