Nowadays, there is a widely held belief that good corporate governance will increase transparency in listed firms and lead to a better standard of stock exchange. Therefore, an increase in transparency would greatly enhance transparency of information disclosure which will help in reducing information asymmetry problems. This research focuses on the qualitative design which is used phenomenology methodology. It will explore the relevant participants with great experience in the research objectives. The good corporate governance components in this research are the board of
directors’ structure, the shareholders structure and the corporate governance report. The result of 12 in depth interviews with participants’ shows there are a linkage and has helped to enhance the transparency of information disclosure. The significant statements from the interviews are shown in the results, together with the four themes output from the research objectives. The results show the essence and ranking of the effect of the good corporate governance component; which has helped in enhance transparency of information disclosure. Lastly there are suggestions, comments and issues relating to the communication tools of information from the listed firms to the stakeholders or shareholders.