{"url_path":"/sec/vcig/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-15","source_url":"https://www.sec.gov/Archives/edgar/data/1930510/0001213900-26-078044-index.html","accession_number":"0001213900-26-078044","cik":"0001930510","ticker":"VCIG","issuer_name":"VCI Global Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1930510/0001213900-26-078044-index.html","primary_entity_key":"0001930510","primary_entity_name":"VCI Global Ltd"},"word_count":364,"has_tables":true,"body_markdown":"**Item\n16G. CORPORATE GOVERNANCE**\n\n \n\nAs\na British Virgin Islands company listed on Nasdaq, we are subject to the Nasdaq corporate governance listing standards. However, the\nNasdaq Stock Market listing rules permit a foreign private issuer like us to follow the corporate governance practices of its home country.\nOther than as described in this section, our corporate governance practices do not differ from those followed by domestic companies listed\non the Nasdaq Capital Market. Nasdaq Stock Market listing rule 5635 generally provides that shareholder approval is required for U.S.\ndomestic companies listed on the Nasdaq Capital Market prior to issuance (or potential issuance) of securities (i) equaling 20% or more\nof the company’s common stock or voting power for less than the greater of market or book value (ii) resulting in a change of control\nof the company; and (iii) which is being issued pursuant to a stock option or purchase plan to be established or materially amended or\nother equity compensation arrangement made or materially amended. Notwithstanding this general requirement, Nasdaq Stock Market listing\nrule 5615(a)(3)(A) permits foreign private issuers to follow their home country practice rather than these shareholder approval requirements.\nThe British Virgin Islands do not require shareholder approval prior to any of the foregoing types of issuances. Our Company, therefore,\nis not required to obtain such shareholder approval prior to entering into a transaction with the potential to issue securities as described\nabove. Our board of directors has elected to follow our home country rules as to such issuances and will not be required to seek shareholder\napproval prior to entering into such a transaction.\n\n \n\nNasdaq\nListing Rule 5620 provides that (with certain exceptions not relevant to the conclusions expressed herein) each company listing common\nstock or voting preferred stock, and their equivalents, shall hold an annual meeting of shareholders no later than one year after the\nend of the company’s fiscal year-end. As a foreign private issuer, however, we are permitted to, and we have elected to follow\nhome country practice in lieu of the above requirements. The corporate governance practice in our home country, the British Virgin Islands,\ndoes not require an annual meeting of shareholders to be held."}