MALAYSIAN Resources Corporation Bhd (MRCB) has won the Industry Excellence Award for the property sector in the Minority Shareholders Watch Group (MSWG) Asean Corporate Governance Awards 2020.
The awards recognise corporate governance’s best practices by Malaysian-listed companies using the Asean Corporate Governance Scorecard assessment.
“Corporate governance is one of the foundations of sustainability, and winning this independent and esteemed award validates MRCB’s efforts over the years, not just in upholding the highest standards of corporate governance but also transparency and the quality of disclosure to the stakeholders,” said MRCB chief corporate officer Amarjit Chhina.
“We are honoured to receive this award and express our gratitude to the MSWG for its recognition.”
The annual MSWG-Asean Corporate Governance Awards is known for the high standard of its adjudication process in Malaysia.
It was established to form a common governance framework across the region and raise Asean public listed companies’ profiles within the global investment community.
The scorecard adopts the Organisation for Economic Co-operation and Development (OECD) Principles of Corporate Governance as its main benchmark.
It covers five areas of the OECD principles while adopting two-level scoring to better capture the actual implementation of good corporate governance.
It is one avenue of market discipline to encourage good governance among public-listed companies to raise shareholder value over time.