Corporate Governance (CG) has gained momentous attention within the Asia-Pacific region. Whilst Small and Medium Enterprises (SMEs) still play a major role in most economies, particularly in emerging economies which contribute around 33 percent of Gross Domestic Products (GDP). The CG compliance codes has become the norm for listed firms across the globe. This study purposed to compare and analyse the Disclosures and Transparency (D&T) of CG items between Malaysia and Indonesia’s SMEs’ listed firms. The design and methodology used in this study is a descriptive analysis approaches based on secondary data sources, i.e the SMEs Annual Report and the companies’ website. It found that Indonesia listed SMEs have better performance against Malaysia’s listed SMEs which D&T scores was 71% and 51%, respectively; mainly in several D&T items, including, the annual report quality, related party transactions disclosure, medium of communications, timely annual and financial reports publications, company’s website performance and investor relations contact. Nevertheless, both countries shared the similar poorly experience in terms of the disclosure information implementation
|