December 16, 2009

Malaysian Corporate Governance Index 2009


Malaysian Corporate Governance Index 2009 (MCG Index 2009), the MCG award ceremony was held on Thursday, 10 December 2009 at 7pm at the Hotel Nikko, Kuala Lumpur. Organised by the Minority Shareholder Watchdog Group (MSWG), the award ceremony was held with the aim to promote the best practices in corporate governance amongst top 100 public listed companies in Malaysia and provide information as well as guidance on corporate governance standards which ideally, will promote self governance in companies.

Public Bank Bhd and Bursa Malaysia Bhd won the Overall Excellence Award of the Malaysian Corporate Governance Index 2009 for their achievements in practicing the highest level of corporate governance standard. The awards were presented by Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir and Securities Commission Managing Director Datuk Dr Nik Ramlah Mahmood.

Based on the MSWG, the top 100 companies on Bursa Malaysia that qualified to participate in the MCG Index 2009 scored an average 64.36% out of 100%. The MCG Index tracks the level of corporate governance of Malaysian companies on the stock exchange. MSWG chief executive officer Rita Benoy Bushon said the score of 64.36% will be the benchmark for listed companies to improve in terms of corporate governance level when they repeat the study next year. The final CG ratings were determined by an adjudicating committee based on specific and set parameters. The top 100 companies were selected based on the final MCG scores and were accorded A+, A, B or C ratings. The companies were assessed based on information available from disclosures in their respective annual reports.


As one of the representative for Lembaga Tabung Angkatan Tentera, I am pleased and proud to support the management team and staff of MSWG for their dedication and hard work in making this Index a success. I believe that the importance of practicing good corporate governance is very significant in order to optimise shareholder value in the long term.

My team

From left : Mohd Azdy Mohd Ali, Syaiful Bahrin Mat Nor, Saira Banu Chara Din & Datuk Zakaria Sharif


From left: Illya Salehudin Jaafar, Norzehan Md Noh & Ahmad Shakif Mohd Nawi


From left: Mohd Yunus Ahmad, Musa Bachik & Illya Salehudin Jaafar


The VVIPs


A perfect picture with the Deputy Minister of International Trade and Industry,
YABhg Datuk Mukhriz Mahathir.


12 comments:

Aki (kotakitam) said...

Waaa.. si Bain kita ni sempat bergambar ngan YABhg Datuk Mukhriz Mahathir lagi... i quite like him as a politician... mesra rakyat dan very low profile....

baincardin said...

memang sempat aja Bain bergambar ngan Datuk.Aki, he is a very nice person. ^_^

yunus said...

glamour tul si Bain nih... kemane2 aje ade org kenamaan.... :)

baincardin said...

glamer cikit² je yunus. hehee...^_^'

Aki (kotakitam) said...

Bain ni mmg dah glamer ngalahkan artis gitew... haha...

baincardin said...

Aki, mana ada bain kalahkan artis? tak penah lawan artis pun? ekekek....^_^'

Zahirov said...

Korang tak tahu ke? Bain kan sememangnya artis...

baincardin said...

sememangnya hidup sbg artis penuh ngan cabaran...ekekeke....^_^'

ILLYS said...

Bain,

Your article on MWSG, I did post to my blog http://illyasalehudin.blogspot.com

Anyway thank for the pic also

baincardin said...

Illys; you are welkam.

SOHO Mama said...

Bain with LTAT? My father ex-army..lepas pencen ada jugak kerja yg sama2 dgn Datuk Mukhriz..I've met him once only, masa open house rumah dia duluu :)

Jebat said...

Kesinambungan yang melemahkan kepimpinan beberapa negara-negara Asia Timur!