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
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