Due to its vitality in preserving the stability, transparency, and sound management of businesses, corporate governance continues to play a dominant role in many Malaysian companies. This will give the country and foreign countries good opportunities to invest in Malaysia and provide an investment-friendly environment. It adds color to the existing soft stock market in Malaysia as a result of the economic instability, the political turmoil, and the pandemic effects of Covid-19. Two main elements of corporate governance in Malaysia, minority shareholders, and shareholder activities will be addressed in this article. Minority shareholders, in particular publicly-listed companies in Malaysia, are major players in companies. However, in other countries, the general opinion among minority shareholders is that executives, administrators, and main shareholders or control shareholders tend to take advantage of them for their own personal purposes. As a result, shareholder activism plays a key role in making shareholders aware of their rights and obligations in the ownership of the firm, in particular as minority shareholders, through this activism. However, Malaysia has not yet come to a firm conclusion on the effectiveness of shareholder interference. Five articles on minority shareholders and shareholder activism relevant to Malaysia, each from 2010 to 2020, were retrieved from Google Scholar and examined from Malaysia's corporate governance perspective to determine the extent of their growth.