Released by : The Star, www.thestar.com.my
Date : 3 December 2004
PUBLIC Bank Bhd has won the overall excellence award for the most outstanding annual
report in the 2004 National Annual Corporate Report Awards (NACRA) competition.
Its
chairman Tan Sri Teh Hong Piow received the award from Domestic Trade and Consumer Affairs
Minister Datuk Mohd Shafie Apdal at an award presentation in Kuala Lumpur on Tuesday
night.
NACRA,
an annual event to honour and recognise organisations that have achieved excellence in
their annual reporting, is jointly organised by Malaysian Institute of Management,
Malaysian Institute of Accountants (MIA) and Malaysian Institute of Certified Public
Accountants (MICPA).
It
encourages a high standard in the presentation and reporting of financial and other
information.
Shafie,
in his speech, said the annual reports of Malaysian companies must be of international
standard because they provided valuable information about their financial position and
past performances.
"In
a competitive capital market, the need for annual reports that provide adequate relevant
and reliable financial and other corporate information is vital to enable investors to
gauge the true share value of a company and its potential for growth," he said.
|
