Malaysian PLCs recognised for outstanding CR practices

KUALA LUMPUR, 29 March - Winners of the StarBiz-ICR Malaysia Corporate Responsibility (CR) Awards 2010 were announced today. In its third year, the awards recognise and honour companies which demonstrate outstanding and leading CR practices that go beyond community and philanthropic activities.

Awards were given out in four categories: Marketplace, Workplace, Environment and Community; and for two market capitalisation segments (above RM1bil, and below RM1bil).

The StarBiz-ICR Malaysia CR Awards 2010 was announced on 3 August 2010 with entries accepted until 24 September 2010.

Around 170 entries were received for this year’s awards. The top 52 public-listed companies were selected for their outstanding CR practices. Of that, twenty one companies made the finalists list, and were in the running for the awards.

Entries were submitted via an online survey. Qualitative reviews of other available documentation (annual reports, sustainability reports and websites) and telephone interviews were also conducted. The judges reviewed the company profiles and other supporting documents. They then ranked and scored the companies on the bases of materiality, responsiveness, accountability and leadership in selecting the winners.

Dato’ Johan Raslan, Chairman, Institute of Corporate Responsibility (ICR) Malaysia in his joint speech with Datin Linda Ngiam, Group Managing Director and CEO of Star Publications (Malaysia) Bhd said, “We recognise that in doing business, we must be aware of our surroundings and the communities we operate in – every decision a CEO or the Board makes has implications for others. We can’t hope to grow sustainable businesses without impacting the lives of those involved – our people, suppliers, our customers, our community.”

Datin Linda Ngiam added, “Good corporate behaviour is about managing risks at different levels. It recognises the challenges of the ever-changing business environment and takes steps towards longer term sustainability. This includes building trust with stakeholders, managing local community concerns and taking into consideration the effect responsible behaviours will have on retaining talented staff and socially-conscious customers.”

The event was graced by His Royal Highness Raja Dr Nazrin Shah ibni Sultan Azlan Muhibbuddin Shah, Crown Prince of Perak, patron of the StarBiz-ICR Malaysia CR Awards. Over 150 corporate leaders and CR champions also attended the awards ceremony.

Also present were the judges - Tan Sri Zarinah Anwar, Chairman of Securities Commission Malaysia and Chief Judge for the Awards, Dato’ Kok Wee Kiat, Honorary President, Business Council for Sustainable Development Malaysia, Dato’ Yusli Yusoff, Chief Executive Officer of Bursa Malaysia Berhad and Datuk Peter Wentworth, former Chairman of the British Malaysian Chamber of Commerce.

The StarBiz-ICR Malaysia Corporate Responsibility Awards 2010 is organised by The Star and the Institute of Corporate Responsibility (ICR) Malaysia, together with their working partners, PwC and the Securities Industry Development Corp (SIDC). The awards were sponsored by Canon Marketing (M) Sdn. Bhd.

 

- Ends -

 

 Notes to editor:

  1. StarBiz (www.thestar.com.my) is one of the main sections in The Star. It provides comprehensive coverage of business developments and trends, financial and economic reports, analysis and opinion, and updates in the stock market.
  2. ICR Malaysia (www.icrm.com.my) is a unique network of corporate institutions committed to advancing responsible business philosophy and practices that will have positive impact on people, environment, and economies. The network is supported by an advisory panel comprising the Securities Commission Malaysia, Bursa Malaysia Berhad and Khazanah Nasional Berhad.
  3. For more information about the Awards, log on to www.thestar.com.my/starbizicrm/