Companies are using the acronym less frequently, as politics, regulation and greenhushing are pushing environmental, social and governance topics out of fashion.
Though new rules in Asia have kicked in over the past year, they are far from the reforms needed to incentivise directors to challenge majority shareholders not acting in a firm's best interest, says Asian Corporate Governance Association.
Amid increasing stakeholder expectations for updated diversity, equity and inclusion (DEI) strategies, a guide tailored to Malaysia's context has been launched to help corporate leaders deal with issues of fair treatment at the workplace.
While gender was one of the first items addressed and remains a priority, experts say Asia has lingered on this issue for too long, neglecting other vital areas.