National Annual Corporate Report Awards 2008
Released by : MIM
Date : 10 June 2008
MIM Management House, Kuala Lumpur - The National Annual Corporate Report Awards (NACRA) 2008 was launched today, with the Organising Committee encouraging participation from non-listed companies, public sector and other Malaysian organisations.
"Like the listed companies, the non-listed companies should also strive to improve their corporate governance practices to meet world class standards in corporate reporting, disclosure and communications," said Chairman of the NACRA 2008 Organising Committee, Dr Wilson Tay.
The National Annual Corporate Report Awards (NACRA) is Malaysia's most esteemed award in recognition of excellence in annual corporate reporting. Organised annually with the joint commitment of the four organising bodies - Bursa Malaysia Berhad, Malaysian Institute of Management (MIM), Malaysian Institute of Accountants (MIA) & The Malaysian Institute of Certified Public Accountants (MICPA), NACRA
has become the benchmark for excellence in corporate reporting.
Though the criteria for NACRA have been enhanced this year, the objectives remains the same to recognise and highlight the importance of good financial reporting and therefore the Committee of NACRA 2008 has identified a new theme for NACRA, "Towards Accountability and Excellence".
The Environmental Reporting Awards has been renamed as Corporate Social Responsibility Awards with enhanced criterias. The awards will be presented to organisations in recognition of their commitment and efforts to operating in an economically, socially and environmentally sustainable manner whilst balancing the interest of diverse stakeholders through transparent practices based on ethical values
and respect for employees, communities and the environment.
NACRA comprises 5 categories of Awards, namely:
- Overall Excellence Award for Best Annual Report of the year
- Industry Excellence Award for Companies Listed on Bursa Malaysia Main Board, Second Board and the MESDAQ Market
- Corporate Social Responsibility Awards
- Presentation Awards for Best Annual Report in Bahasa Malaysia and Best Designed Annual Report and;
- Special Award for Non-Listed Organisations
All companies listed on Bursa Malaysia automatically qualify for the competition.
Of these, only those annual reports that meet the preliminary screening criteria will qualify for detailed adjudication.
The Adjudication Committee comprises a panel of more than 70 members drawn from the securities industries, accountancy profession, commerce and industry and academic institutions, who will carry out a thorough assessment of the annual reports based on established criteria.
Mr Ken Pushpanathan, Chairman of the NACRA 2008 Adjudication Committee shared some key observations on what makes the winners stand out and what is their formula for excellent corporate reporting.
Company will receive strong points by revealing relevant financial and corporate information which exceeds the statutory requirements, especially in highlighting the performance of the company for the year.
Non-listed organisations, public sector and other Malaysian organisations can participate by filling up an Entry Form provided by the NACRA Secretariat. Participation is free.
Closing date for submission of Entry Forms is 31 July 2008.
The winners will be announced in an Award Presentation Dinner scheduled for 19 November 2008.
The launch was officiated by Dr.Wilson Tay the Chairman of NACRA 2008 Organising Committee. |
Press Conference headed by Dr.Wilson Tay (Chairman, Organising Committee), Mr.Ken Pushpanathan (Chairman, Adjudication Committee) and Encik Mohamed Raslan Abdul Rahman (Committee Member for Organising & Adjudication Committee from MIA) |
Overall Excellence Award Trophy |
|
