PLUS ranks No. 1 in corporate governance reporting

  • Business
  • Saturday, 20 Mar 2004

PROJEK Lebuhraya Utara Selatan Bhd (PLUS) ranks No. 1 in corporate governance reporting among the top 20 companies listed on the Malaysian Securities Exchange Bhd. 

This was the finding of a survey carried out by a consortium consisting of the Malaysian Institute of Corporate Governance (MICG), Rating Agency Malaysia (RAM), MARA University of Technology (UiTM) and Bizaid Technologies Sdn Bhd. 

IOI Corp Bhd took second place followed by Public Bank Bhd, Telekom Malaysia Bhd, Maxis Communications Bhd, Commerce Asset-Holdings Bhd, Tenaga Nasional Bhd, Malaysia International Shipping Corp, AMMB Holdings and Petronas Gas Bhd

“The scores for companies are precursors to a corporate governance rating and are based purely on information divulged by those companies in their annual reports and corporate announcements. 

“The score is thus an evaluation of a company's corporate governance practices as reported in its publicly available information,” the consortium said. 

It said the attributes used in producing the reporting scores were based on the Malaysian Code on Corporate Governance. 

“The scores were by MICG and UiTM, for independent validation and consistency, while RAM acted as a third party verifier of the final scores,” it said. – Bernama  

 Stock Watch On PLUS Stock Watch On IOICORP Stock Watch On PBBANK Stock Watch On TELEKOM Stock Watch On MAXIS Stock Watch On COMMERZ Stock Watch On TENAGA Stock Watch On MISC Stock Watch On AMMB Stock Watch On PETGAS

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

S&P affirms Malaysia's sovereign credit ratings
Sunway to sell stake in healthcare unit to GIC -sources
Serba Dinamik takes auditor KPMG to court
Daibochi reports steady Q3 results, warns rising costs may impact prospect�
Genting, Digi underpin FBM KLCI rebound
Pay-TV company Astro delivers nearly double net profit in Q1
BNM's international reserves rise to US$111bil as at June 15
Oil rises on optimism of quick recovery in global demand
Chipmaker GlobalFoundries plans US$6bil expansion in Singapore, US, Germany
RHB Group's green financing grows to RM3.25bil YTD

Stories You'll Enjoy