In The Edge of June 4, 2012 the results are presented of the 2Q/2012 Vistage - MIER CEO Confidence Index Survey. Membership comprises companies with sales between RM 5 million and 1 billion.
Question 16: Is corporate governance (broadly defined as quality of independent non-executive directors, effectiveness of audit committees, high standard of internal controls and risk management, timeliness and transparency in disclosure of information, etc) adequately practiced in the public-listed entities in this country?
On the other hand, only 32% answering "Yes" is not exactly a lot. The SC and BM have put a lot of effort in promoting good corporate governance, the latest 2012 code can be found here.
But,  changes will take a long time,  there is still a lot of box ticking (even companies with really bad CG practices still have chapters how good they behave themselves),  the CG standards itself are voluntarily (companies are only required to report on their compliance).
I am therefore for a strong increase in enforcement, in combination with promoting good CG.
Another, worrisome, question from the same survey is about crime perception in Malaysia.
Question 15: From your experience and in your conversations with your family, friends and business associates, do you believe or feel that the crime rate in the country has:
Come down: 14%
Remained the same: 53%
Gone up: 33%