NEWS

 

TITLE: CIMB Swoops In To Win NACRA's Top Award

DATE: 23/11/2017

All Smiles: Minister of Finance II YB Datuk Seri Johari Abdul Ghani (centre) with the winners of NACRA 2017


KUALA LUMPUR, 23 NOVEMBER – CIMB Group Holdings Berhad (CIMB) forged ahead with a Silver Award in 2016 to win the coveted Overall Excellence Platinum Award at the National Annual Corporate Report Awards (NACRA) 2017 Awards Presentation Ceremony in Kuala Lumpur.

CIMB broke the winning streak of Malayan Banking Berhad (Maybank) and Telekom Malaysia Berhad (TM). Both Maybank and TM have been the two consistent winners of the Platinum award over the past few years literally taking turns every other year to snatch the trophy from each other.

CIMB also won the following three awards at NACRA 2017:

  • Inclusiveness and Diversity Reporting Award – Platinum
  • Best Designed Annual Report Award – Silver
  • Industry Excellence Award for Main Board company in the Finance category

17 companies were also presented with Certificates of Merit.

All awards were presented by Yang Berhormat Datuk Seri Johari bin Abdul Ghani, Minister of Finance II.

The prestigious NACRA awards were bestowed to organisations that demonstrated excellence in their financial and corporate reporting.

NACRA 2017 Organising Committee Chairman Encik Ahmad Zahirudin Abdul Rahim said: “NACRA’s theme, “Towards Accountability & Excellence”, underscores the vital role of annual reports in propagating transparency and enhancing integrity within the capital markets.

“Even in today’s world of instant information, an annual report remains a powerful tool to communicate a company’s strengths and strategies to key stakeholders. It tells the story of an organisation’s achievements, overall goals and objectives, financial position, growth, its people and commitment towards sustainability.”

Encik Zahirudin announced that this year saw an increase in participants with eight new contenders vying for the prestigious awards. He hoped to see many more organisations participating in the coming years as winning a NACRA award gives one the bragging rights of having delivered the best annual report whilst strengthening the organisation’s brand and strength in corporate governance.

According to NACRA Adjudication Committee Chairperson Ms Loh Lay Choon, good reporting is about transparency and engagement. An annual report has become and remains a key document for businesses and their stakeholders as it summarises the financial position of the organisation, its key activities and, in some cases, sets out the strategic direction for the future.

“A good annual report is able to take the financial and non-financial information of an organisation and tell a clear, accessible story in a coherent way. By doing so, it has the potential to create greater public trust and confidence in the performance and prospects of the respective organisation,” she added.

Ms Loh also took the opportunity to highlight some key points about the new NACRA Award: “The NACRA Committee introduced a new award for Integrated Reporting (IR) to recognise organisations that produce exemplary and excellent integrated reports.

“The Committee believes that IR could well take away or reduce duplication in corporate reporting and hence meets the objective of providing a clear accessible story of an organisation’s performance and prospects.”

NACRA is organised by Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA). NACRA was launched in 1990 with the aim to promote excellence in annual corporate reporting. With the theme, Towards Accountability and Excellence, NACRA recognises the need for greater transparency and accountability in corporate reporting.

NACRA is open to all companies incorporated or registered in Malaysia as well as the public sector and other organisations established in Malaysia.

LIST OF WINNERS FOR NACRA 2017

OVERALL EXCELLENCE AWARDS

MOST OUTSTANDING ANNUAL REPORT OF THE YEAR

PLATINUM CIMB GROUP HOLDINGS BERHAD
GOLD MALAYAN BANKING BERHAD
SILVER TELEKOM MALAYSIA BERHAD

INDUSTRY EXCELLENCE AWARDS – MAIN MARKET

CONSUMER PRODUCTS NESTLE (MALAYSIA) BERHAD
INDUSTRIAL PRODUCTS & TECHNOLOGY PETRONAS GAS BERHAD
TRADING & SERVICES TELEKOM MALAYSIA BERHAD
FINANCE CIMB GROUP HOLDINGS BERHAD
CONSTRUCTION & INFRASTRUCTURE PROJECT COMPANIES IJM CORPORATION BERHAD
PROPERTIES & HOTELS SUNWAY BERHAD
PLANTATIONS & MINING FELDA GLOBAL VENTURES HOLDINGS BERHAD
REAL ESTATE INVESTMENT TRUSTS (REITS) & INVESTMENT FUNDS SUNWAY REAL ESTATE INVESTMENT TRUST

PRESENTATION AWARDS

BEST ANNUAL REPORT IN BAHASA MALAYSIA

PLATINUM MALAYAN BANKING BERHAD
GOLD BANK KERJASAMA RAKYAT MALAYSIA
SILVER TELEKOM MALAYSIA BERHAD

BEST DESIGNED ANNUAL REPORT

PLATINUM PETRONAS DAGANGAN BERHAD
GOLD EKUITI NASIONAL BERHAD
SILVER PETRONAS GAS BERHAD
SILVER CIMB GROUP HOLDINGS BERHAD

SUSTAINABILITY REPORTING AWARDS

PLATINUM NESTLE (MALAYSIA) BERHAD
GOLD TELEKOM MALAYSIA BERHAD
SILVER MALAYAN BANKING BERHAD

INCLUSIVENESS AND DIVERSITY REPORTING AWARDS

PLATINUM CIMB GROUP HOLDINGS BERHAD
GOLD MALAYAN BANKING BERHAD
SILVER GAMUDA BERHAD

INTEGRATED REPORTING AWARDS

PLATINUM SIME DARBY BERHAD
GOLD TELEKOM MALAYSIA BERHAD
SILVER PETRONAS GAS BERHAD
SILVER TENAGA NASIONAL BERHAD

SPECIAL AWARD FOR NON-LISTED ORGANISATIONS

BEST ANNUAL REPORT OF NON-LISTED ORGANISATIONS

PETROLIAM NASIONAL BERHAD

LIST OF CERTIFICATES OF MERIT RECIPIENTS

  1. AMMB HOLDINGS BERHAD
  2. AXIS REAL ESTATE INVESTMENT TRUST
  3. BANK ISLAM MALAYSIA BERHAD
  4. BIMB HOLDINGS BERHAD
  5. GAMUDA BERHAD
  6. KLCC PROPERTY HOLDINGS BERHAD & KLCC REAL ESTATE INVESTMENT TRUST
  7. MALAYSIA RESOURCES CORPORATION BERHAD
  8. MEDIA PRIMA BERHAD
  9. OSK HOLDINGS BERHAD
  10. PETRONAS CHEMICALS GROUP BERHAD
  11. PETRONAS DAGANGAN BERHAD
  12. PUBLIC BANK BERHAD
  13. RHB BANK BERHAD
  14. SIME DARBY BERHAD
  15. S P SETIA BERHAD
  16. SUNWAY CONSTRUCTION GROUP BERHAD
  17. TENAGA NASIONAL BERHAD