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'NACRA: Public Bank Has Best Annual Report'
Released by : BERNAMA
Date : 1 December 2004
KUALA LUMPUR,
Dec 1 (Bernama) -- 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 here Tuesday night.
NACRA, an annual event to honour and recognise organisations which 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.
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