Bursa Malaysia Berhad announced that it has assumed the Malaysian Investor Relations Association’s role. Established in 2007 by Bursa Malaysia, MIRA’s primary objective was to develop and enhance the investor relations capabilities of Malaysian Public Listed Companies through effective communication and the cultivation of stronger relationships
between PLCs and the investor community.
However, over the years, the Exchange has stepped up on its advocacy role, beyond that of a market regulator and influencer. This includes, among others, guiding, and improving the way PLCs provide information, communicate, and interact with the investment and stakeholder communities, as well as raising PLCs’ profile and investability.
To prevent redundancy and duplication of functions, Bursa Malaysia, leveraging on its extensive tools and capabilities, will henceforth serve as the single point of reference for IR matters. Consequently, MIRA’s operations has been discontinued effective 1 July 2023.
The Board of MIRA said, “We are supportive of Bursa Malaysia assuming MIRA’s mantle, and we are convinced that this transition will result in a greater delivery of service to all stakeholders in the capital market.”
From July 2023 onwards, investor relations practitioners or professionals in Bursa Malaysia listed PLCs, including former MIRA members, can expect further capacity building support and guidance from the Exchange to enhance their skills and knowledge.
