MSWG Press Release - Asean CG Award 2017

 

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

  • Bursa Malaysia Berhad
  • Petronas Dagangan Berhad
  • LPI Capital Berhad
  • Telekom Malaysia Berhad
  • Malayan Banking Berhad

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) –
BY RANK

Market Cap between RM300 million and RM1 billion

  • Paramount Corporation Berhad
  • Deleum Berhad
  • CCM Duopharma Biotech Berhad

Market Cap less than RM300 million

Mikro MSC Berhad 

 

EXCELLENCE AWARD FOR CG DISCLOSURE (BY RANK)

  • Bursa Malaysia Berhad
  • Axiata Group Berhad
  • Telekom Malaysia Berhad
  • Petronas Dagangan Berhad
  • Malayan Banking Berhad
  • RHB Bank Berhad
  • Sime Darby Berhad
  • CIMB Group Holdings Berhad
  • Petronas Gas Berhad
  • Tenaga Nasional Berhad
  • Astro Malaysia Holdings Berhad
  • AMMB Holdings Berhad
  • Petronas Chemicals Group Berhad

INDUSTRY EXCELLENCE AWARD

  • Plantations

Sime Darby Berhad

  • Financial

LPI Capital Berhad

  • Property & Construction

Sunway Construction Group Berhad

  • Oil & Gas

Petronas Dagangan Berhad

  • Food & Beverage

Nestle (Malaysia) Berhad

  •  

Top Glove Corporation Berhad

  • Consumer Goods

British American Tobacco (Malaysia) Berhad

 

  • Consumer Services

Tenaga Nasional Berhad

  •  

KPJ Healthcare Berhad

  • Telecommunications & Media

Telekom Malaysia Berhad

EXCELLENCE AWARD FOR LONG-TERM VALUE CREATION

  • Bursa Malaysia Berhad
  • LPI Capital Berhad
  • Nestle (Malaysia) Berhad

EXCELLENCE AWARD FOR SUSTAINABILITY PRACTICES

  • CIMB Group Holdings Berhad
  • Sime Darby Berhad
  • Telekom Malaysia Berhad

MERIT AWARD FOR MOST IMPROVED CG DISCLOSURE

  • RHB Bank Berhad
  • Top Glove Corporation Berhad
  • UEM Edgenta Berhad

MERIT AWARD FOR BOARD DIVERSITY

  • Axiata Group Berhad
  • RHB Bank Berhad
  • Telekom Malaysia Berhad

MERIT AWARD FOR BEST AGM (OVERALL CATEGORY)

  • AMMB Holdings Berhad
  • Bursa Malaysia Berhad
  • Petronas Gas Berhad

MERIT AWARD FOR BEST AGM (MARKET CAP LESS THAN RM1 BILLION)

Daibochi Plastic and Packaging Industry Berhad