Bravo Bursamalaysia, now go the next mile
20060311 Everyday if you look at the Bursamalaysia website, we see plenty of "public reprimand" for companies breaching the Listing Rules. Bursamalaysia surveillance must be commended in bringing attention to errant public listed companies. There is an adage among participants on Bursa that there is a sector of stocks called 'rubbish' stocks. The number and frequency of breaches of Listing Rles and public reprimands brings attention to the poor quality of these sampah stocks, with no regard to corporate governance and safeguarding of minority shareholder's rights. Bursa should go the extra mile, and pblish prominently the public reprimands in major newspapers in Malaysia. I mean not in some smal corner, but in bold and prominently in noticable columns. Other action would be to fine the companies on continual breaches of the LR. There needs to be a cleanup of the stocks.
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