MEDIA RELEASE
Kuala Lumpur
6 December 2017
MSWG-ASEAN CORPORATE GOVERNANCE RECOGNITION 2017
On 6 December 2017, the Minority Shareholder Watchdog Group (“MSWG”) announced the results and findings of the MSWG-ASEAN CORPORATE GOVERNANCE RECOGNITION 2017. Yang Berhormat Dato’ Wira Othman Bin Aziz, Deputy Finance Minister I delivered the Keynote Address and presented the recognition awards to the PLCs that have demonstrated exemplary high standards of corporate governance practices as well as to individuals who have championed good corporate governance. The event was held at The Majestic Hotel, Kuala Lumpur and was well attended by more than 750 representatives from PLCs and institutions.
The MSWG-ASEAN Corporate Governance Recognition 2017 identified the Top 100 Malaysian PLCs based on disclosures from 900 companies assessed this year using the ASEAN Corporate Governance Scorecard. The assessment for 2017 was more stringent, using a revised Scorecard which was approved by the ASEAN Capital Markets Forum (ACMF) earlier this year.
The ASEAN CG Scorecard, which uses the OECD Principles of Corporate Governance as the main benchmark, covered the five areas of the OECD Principles and adopts two levels of scoring to better capture the actual implementation of the substance of good corporate governance. In addition, the Top 100 PLCs were further subjected to the elimination criteria of Return on Equity (ROE) of not less than 3% for the last three years.
The research findings based on MSWG’s assessment of Top 100 PLCs showed that the Average CG Score has consistently trended upward from 68.20 points in 2012 to 85.02 points in 2016 and has further risen to 86.18 points in 2017. This portrays the consistent and greater efforts by PLCs in improving their CG practices and disclosures. This also reflects positively on the leadership of Malaysian PLCs in terms of their commitment to continuously raise the CG bar, which will contribute towards increased confidence among investors in our capital market.
In conjunction with the results and findings of this year’s assessment, MSWG is proud to recognise and showcase the top PLCs with outstanding corporate governance practices based on the ASEAN Corporate Governance Scorecard methodology. The awards given are a testament to the significant roles that the listed companies themselves had played in terms of demonstrating exemplary high standards of Corporate Governance and overall performance.
The highlight of the event was the Top 5 PLCs which had clearly demonstrated high standards of Corporate Governance while maintaining good performance. The “Chairman of the Year” award was awarded to Axiata Group Berhad Chairman, Tan Sri Datuk Wira Azman Hj. Mokhtar. For 2017 the “CEO of the Year” award went to Datuk Seri Tajuddin Atan from Bursa Malaysia Berhad. The “Regional CG Recognition” award was awarded to Mr Jamie Allen from The Asian Corporate Governance Association (ACGA) based in Hong Kong. Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was the recipient of the inaugural “Best Institutional Investor” award.
The Top 100 Companies with Good Disclosures and Top 100 Companies for Overall Corporate Governance & Performance according to ranking are shown in APPENDIX IA and IB, respectively.
The recognition awards together with the winners are shown in Appendix II.
The statistics for key findings for the Top 100 PLCs will be made available on our website on 11 December 2017.
The full findings for all PLCs assessed will be made available in the MSWG-ASEAN Corporate Governance Report 2017 which will be published in the first quarter of 2018.
For further information, please contact:
PUAN LYA RAHMAN
GENERAL MANAGER
MINORITY SHAREHOLDER WATCHDOG GROUP
11th Floor, Bangunan KWSP
No.3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur
LIST OF TOP 100 COMPANIES WITH GOOD DISCLOSURES (BY RANK)
NO. |
COMPANY NAME |
NO. |
COMPANY NAME |
1 |
BURSA MALAYSIA BERHAD |
51 |
MALAYSIAN RESOURCES CORPORATION BERHAD |
2 |
AXIATA GROUP BERHAD |
52 |
AMWAY (MALAYSIA) HOLDINGS BERHAD |
3 |
TELEKOM MALAYSIA BERHAD |
53 |
IOI PROPERTIES BERHAD |
4 |
PETRONAS DAGANGAN BERHAD |
54 |
HEINEKEN MALAYSIA BERHAD |
5 |
MALAYAN BANKING BERHAD |
55 |
POS MALAYSIA BERHAD |
6 |
RHB BANK BERHAD |
56 |
SYARIKAT TAKAFUL MALAYSIA BERHAD |
7 |
SIME DARBY BERHAD |
57 |
WESTPORTS HOLDINGS BERHAD |
8 |
CIMB GROUP HOLDINGS BERHAD |
58 |
DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BERHAD |
9 |
PETRONAS GAS BERHAD |
59 |
TIEN WAH PRESS HOLDINGS BERHAD |
10 |
TENAGA NASIONAL BERHAD |
60 |
ORIENTAL HOLDINGS BERHAD |
11 |
ASTRO MALAYSIA HOLDINGS BERHAD |
61 |
BARAKAH OFFSHORE PETROLEUM BERHAD |
12 |
AMMB HOLDINGS BERHAD |
62 |
UNITED PLANTATIONS BERHAD |
13 |
PETRONAS CHEMICALS GROUP BERHAD |
63 |
MISC BERHAD |
14 |
TOP GLOVE CORPORATION BERHAD |
64 |
BINTULU PORT HOLDINGS BERHAD |
15 |
LPI CAPITAL BERHAD |
65 |
GD EXPRESS CARRIER BERHAD |
16 |
IJM CORPORATION BERHAD |
66 |
QL RESOURCES BERHAD |
17 |
PUBLIC BANK BERHAD |
67 |
FRASER & NEAVE HOLDINGS BERHAD |
18 |
MALAYSIA AIRPORTS HOLDINGS BERHAD |
68 |
GADANG HOLDINGS BERHAD |
19 |
DIGI.COM BERHAD |
69 |
KUMPULAN PERANGSANG SELANGOR BERHAD |
20 |
BIMB HOLDINGS BERHAD |
70 |
EVERGREEN FIBREBOARD BERHAD |
21 |
ALLIANZ MALAYSIA BERHAD |
71 |
KUALA LUMPUR KEPONG BERHAD |
22 |
MAXIS BERHAD |
72 |
GAS MALAYSIA BERHAD |
23 |
BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD |
73 |
GENTING MALAYSIA BERHAD |
24 |
ALLIANCE BANK MALAYSIA BERHAD |
74 |
YINSON HOLDINGS BERHAD |
25 |
SUNWAY BERHAD |
75 |
AFFIN HOLDINGS BERHAD |
26 |
S P SETIA BERHAD |
76 |
HONG LEONG BANK BERHAD |
27 |
UEM SUNRISE BERHAD |
77 |
HAI-O ENTERPRISE BERHAD |
28 |
SUNWAY CONSTRUCTION GROUP BERHAD |
78 |
PRG HOLDINGS BERHAD |
29 |
UEM EDGENTA BERHAD |
79 |
TA ENTERPRISE BERHAD |
30 |
NESTLE (MALAYSIA) BERHAD |
80 |
MEDIA CHINESE INTERNATIONAL LIMITED |
31 |
KLCC PROPERTY HOLDINGS BERHAD |
81 |
SCIENTEX BERHAD |
32 |
IOI CORPORATION BERHAD |
82 |
TA GLOBAL BERHAD |
33 |
KPJ HEALTHCARE BERHAD |
83 |
C.I. HOLDINGS BERHAD |
34 |
CAHYA MATA SARAWAK BERHAD |
84 |
MBM RESOURCES BERHAD |
35 |
IJM PLANTATIONS BERHAD |
85 |
STAR MEDIA GROUP BERHAD |
36 |
MEDIA PRIMA BERHAD |
86 |
WCT HOLDINGS BERHAD |
37 |
PARAMOUNT CORPORATION BERHAD |
87 |
MANULIFE HOLDINGS BERHAD |
38 |
GAMUDA BERHAD |
88 |
VITROX CORPORATION BERHAD |
39 |
DELEUM BERHAD |
89 |
GLOBETRONICS TECHNOLOGY BERHAD |
40 |
CCM DUOPHARMA BIOTECH BERHAD |
90 |
DESTINI BERHAD |
41 |
MSM MALAYSIA HOLDINGS BERHAD |
91 |
MALAYAN FLOUR MILLS BERHAD |
42 |
KUB MALAYSIA BERHAD |
92 |
AEON CREDIT SERVICE (M) BERHAD |
43 |
MALAKOFF CORPORATION BERHAD |
93 |
CARING PHARMACY GROUP BERHAD |
44 |
LAFARGE MALAYSIA BERHAD |
94 |
MIKRO MSC BERHAD |
45 |
TALIWORKS CORPORATION BERHAD |
95 |
RGB INTERNATIONAL BERHAD |
46 |
TUNE PROTECT GROUP BERHAD |
96 |
DAGANG NEXCHANGE BERHAD |
47 |
MALAYSIA BUILDING SOCIETY BERHAD |
97 |
HONG LEONG FINANCIAL GROUP BERHAD |
48 |
PRESTARIANG BERHAD |
98 |
WCE HOLDINGS BERHAD |
49 |
OSK HOLDINGS BERHAD |
99 |
MPHB CAPITAL BERHAD |
50 |
IHH HEALTHCARE BERHAD |
100 |
MATRIX CONCEPTS HOLDINGS BERHAD |
LIST OF TOP 100 COMPANIES FOR OVERALL CG & PERFORMANCE (BY RANK)
NO. |
COMPANY NAME |
NO. |
COMPANY NAME |
1 |
BURSA MALAYSIA BERHAD |
51 |
VITROX CORPORATION BERHAD |
2 |
PETRONAS DAGANGAN BERHAD |
52 |
PRESTARIANG BERHAD |
3 |
LPI CAPITAL BERHAD |
53 |
QL RESOURCES BERHAD |
4 |
TELEKOM MALAYSIA BERHAD |
54 |
MIKRO MSC BERHAD |
5 |
MALAYAN BANKING BERHAD |
55 |
DAGANG NEXCHANGE BERHAD |
6 |
TOP GLOVE CORPORATION BERHAD |
56 |
HAI-O ENTERPRISE BERHAD |
7 |
ASTRO MALAYSIA HOLDINGS BERHAD |
57 |
UCHI TECHNOLOGIES BERHAD |
8 |
TENAGA NASIONAL BERHAD |
58 |
BERMAZ AUTO BERHAD |
9 |
AXIATA GROUP BERHAD |
59 |
OSK HOLDINGS BERHAD |
10 |
PETRONAS GAS BERHAD |
60 |
AEON CREDIT SERVICE (M) BERHAD |
11 |
PETRONAS CHEMICALS GROUP BERHAD |
61 |
PADINI HOLDINGS BERHAD |
12 |
SUNWAY CONSTRUCTION GROUP BERHAD |
62 |
MATRIX CONCEPTS HOLDINGS BERHAD |
13 |
NESTLE (MALAYSIA) BERHAD |
63 |
MALAYSIA BUILDING SOCIETY BERHAD |
14 |
SIME DARBY BERHAD |
64 |
IJM PLANTATIONS BERHAD |
15 |
PUBLIC BANK BERHAD |
65 |
GLOBETRONICS TECHNOLOGY BERHAD |
16 |
RHB BANK BERHAD |
66 |
MEDIA PRIMA BERHAD |
17 |
AMMB HOLDINGS BERHAD |
67 |
MALAYSIAN RESOURCES CORPORATION BERHAD |
18 |
DIGI.COM BERHAD |
68 |
POS MALAYSIA BERHAD |
19 |
CIMB GROUP HOLDINGS BERHAD |
69 |
TIEN WAH PRESS HOLDINGS BERHAD |
20 |
BIMB HOLDINGS BERHAD |
70 |
RGB INTERNATIONAL BERHAD |
21 |
MAXIS BERHAD |
71 |
YINSON HOLDINGS BERHAD |
22 |
BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD |
72 |
IHH HEALTHCARE BERHAD |
23 |
SUNWAY BERHAD |
73 |
UNITED PLANTATIONS BERHAD |
24 |
IJM CORPORATION BERHAD |
74 |
MALAKOFF CORPORATION BERHAD |
25 |
ALLIANZ MALAYSIA BERHAD |
75 |
LAFARGE MALAYSIA BERHAD |
26 |
TALIWORKS CORPORATION BERHAD |
76 |
EVERGREEN FIBREBOARD BERHAD |
27 |
S P SETIA BERHAD |
77 |
C.I. HOLDINGS BERHAD |
28 |
ALLIANCE BANK MALAYSIA BERHAD |
78 |
KIMLUN CORPORATION BERHAD |
29 |
KPJ HEALTHCARE BERHAD |
79 |
HONG LEONG BANK BERHAD |
30 |
MALAYSIA AIRPORTS HOLDINGS BERHAD |
80 |
IOI PROPERTIES GROUP BERHAD |
31 |
HEINEKEN MALAYSIA BERHAD |
81 |
MISC BERHAD |
32 |
SYARIKAT TAKAFUL MALAYSIA BERHAD |
82 |
BARAKAH OFFSHORE PETROLEUM BERHAD |
33 |
UEM EDGENTA BERHAD |
83 |
KUB MALAYSIA BERHAD |
34 |
WESTPORTS HOLDINGS BERHAD |
84 |
KUALA LUMPUR KEPONG BERHAD |
35 |
CAHYA MATA SARAWAK BERHAD |
85 |
GENTING MALAYSIA BERHAD |
36 |
KLCC PROPERTY HOLDINGS BERHAD |
86 |
BINTULU PORT HOLDINGS BERHAD |
37 |
PARAMOUNT CORPORATION BERHAD |
87 |
PETRON MALAYSIA REFINING & MARKETING BERHAD |
38 |
DELEUM BERHAD |
88 |
SASBADI HOLDINGS BERHAD |
39 |
CCM DUOPHARMA BIOTECH BERHAD |
89 |
CHIN HIN GROUP BERHAD |
40 |
GD EXPRESS CARRIER BERHAD |
90 |
BP PLASTICS HOLDING BERHAD |
41 |
AMWAY (MALAYSIA) HOLDINGS BERHAD |
91 |
GAS MALAYSIA BERHAD |
42 |
FRASER & NEAVE HOLDINGS BERHAD |
92 |
MALAYAN FLOUR MILLS BERHAD |
43 |
GAMUDA BERHAD |
93 |
ORIENTAL HOLDINGS BERHAD |
44 |
GADANG HOLDINGS BERHAD |
94 |
PRG HOLDINGS BERHAD |
45 |
UEM SUNRISE BERHAD |
95 |
STAR MEDIA GROUP BERHAD |
46 |
MSM MALAYSIA HOLDINGS BERHAD |
96 |
KUMPULAN PERANGSANG SELANGOR BERHAD |
47 |
IOI CORPORATION BERHAD |
97 |
HONG LEONG FINANCIAL GROUP BERHAD |
48 |
TUNE PROTECT GROUP BERHAD |
98 |
MEDIA CHINESE INTERNATIONAL LIMITED |
49 |
SCIENTEX BERHAD |
99 |
LBS BINA GROUP BERHAD |
50 |
DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BERHAD |
100 |
AFFIN HOLDINGS BERHAD |
MSWG-ASEAN CORPORATE GOVERNANCE RECOGNITION 2017AWARD WINNERS
EXCELLENCE AWARD FOR OVERALL CG & PERFORMANCE – BY RANK |
|
|
|
|
|
CHAIRMAN OF THE YEAR AWARD |
Tan Sri Datuk Wira Azman Hj. Mokhtar (Axiata Group Berhad) |
CEO OF THE YEAR AWARD |
Datuk Seri Tajuddin Atan (Bursa Malaysia Berhad) |
REGIONAL CG RECOGNITION AWARD |
Mr Jamie Allen (The Asian Corporate Governance Association (ACGA)) |
BEST INSTITUTIONAL INVESTOR AWARD |
Kumpulan Wang Persaraan (Diperbadankan) (KWAP) |
EXCELLENCE AWARD FOR OVERALL CG & PERFORMANCE (SPECIAL CATEGORY) – |
Market Cap between RM300 million and RM1 billion |
|
|
|
Market Cap less than RM300 million |
Mikro MSC Berhad |
|
EXCELLENCE AWARD FOR CG DISCLOSURE (BY RANK) |
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRY EXCELLENCE AWARD |
|
Sime Darby Berhad |
|
LPI Capital Berhad |
|
Sunway Construction Group Berhad |
|
Petronas Dagangan Berhad |
|
Nestle (Malaysia) Berhad |
|
Top Glove Corporation Berhad |
|
British American Tobacco (Malaysia) Berhad |
|
|
Tenaga Nasional Berhad |
|
KPJ Healthcare Berhad |
|
Telekom Malaysia Berhad |
EXCELLENCE AWARD FOR LONG-TERM VALUE CREATION |
|
|
|
EXCELLENCE AWARD FOR SUSTAINABILITY PRACTICES |
|
|
|
MERIT AWARD FOR MOST IMPROVED CG DISCLOSURE |
|
|
|
MERIT AWARD FOR BOARD DIVERSITY |
|
|
|
MERIT AWARD FOR BEST AGM (OVERALL CATEGORY) |
|
|
|
MERIT AWARD FOR BEST AGM (MARKET CAP LESS THAN RM1 BILLION) |
Daibochi Plastic and Packaging Industry Berhad |