This scorecard evaluates the corporate governance practices of the largest Myanmar companies and generates a mean score to indicate their level of compliance with the international benchmark. The scorecard system is a well-recognized way to raise awareness of the importance of corporate governance and advance best practices in the market. As a joint initiative of the SECM, DICA, YSX, and IFC, the Myanmar scorecard is the first of its kind, having combined the skills and perspectives of experts from different regulators and organizations into one team to assess the corporate governance practices of Myanmar companies.

This report provides an overview of recent policy developments and the status of corporate governance in Myanmar. The information included in this report builds on responses from Myanmar companies to the OECD’s questionnaire and subsequent interviews. The report aims to measure the gap between corporate governance practices by Myanmar companies and national regulations, as well as the gap between practices and the internationally recognized standards of corporate governance – the G20/OECD Principles of Corporate Governance.

To kick off the 2017/18 with Myanmar(III), the KSP research team, which consisted of Korean researchers, a project manager, and program officers, visited Yangon and Naypyitaw from January 28 to February 1, 2018. As an official launch of the 2017/18 KSP, the Korean delegation held kick-off meetings with the SECM members to specify the scope of research. In addition, Korean researchers also interviewed the market stakeholders such as Yangon Stock Exchange (YSX), Central Bank of Myanmar, and securities companies to understand the overall situation of the Myanmar capital market.