Bursa Malaysia, The Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA) jointly launched the National Annual Corporate Report Awards or better known as NACRA.
Themed, “Towards Accountability & Excellence” NACRA 2019 underscores the vital role annual reports play in propagating transparency and enhancing the integrity of the capital market.
“Healthy competition motivates and encourages innovation, excellence and continuous improvement, and that is what we have envisioned for NACRA to promote in corporate reporting.” said En Ahmad Zahirudin Abdul Rahim, NACRA’s Organising Committee Chairman.
He went on to share, “As NACRA aims to continually improve on the presentation quality of annual reports, we review the guidelines every year and make enhancements to be in line with current requirements and trends.”
Mr Stanley Teo, Chairperson of NACRA’s Adjudication Committee shared in his speech that “The NACRA 2019 adjudication process will be carried out in two stages by an independent panel of expert adjudicators who are well-versed with the latest issues and developments. Our adjudicators are hand-picked from various sectors such as commerce and industry, public accounting, securities firms, advertising and communication firms as well as academia, in accordance with their relevance to the area they are assessing.”
“In line with achieving Sustainability in all areas, NACRA is also improving the adjudication process by reducing our carbon footprint – instead of the 50 hard copies of annual reports that have been requested for in the past, we have reduced this to just 5 copies, plus a PDF soft-copy version of the report for our adjudicators to review,” added Mr Teo.
A representative from CIMB Group Holdings Berhad, winner of the Platinum Overall Excellence Award in 2018, gave a short presentation on their experience in producing an award winning corporate report.