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Malakoff Receives the ASEAN Asset Class Award

6 March 2023

Malakoff Corporation Berhad (“Malakoff”) has been recognised as one of the acclaimed winners for the 2021 ASEAN Corporate Governance Scorecard Award (“ACGS”) under the ‘ASEAN Asset Class Award’ category. First launched in 2011, the ACGS is the outcome of a successful partnership between the ASEAN Capital Market Forum (“ACMF”) and the Asian Development Bank (“ADB”).

Aimed at recognising the valuable efforts carried out by ASEAN Public-Listed Companies (“PLCs”) in improving and raising the standards of corporate governance in the areas of protecting and facilitating the rights and equitable treatment to shareholders, this recognition is testament to Malakoff’s commitment towards enhancing its governance practices by upholding its business integrity, creating sustainable value to its stakeholders and practicing transparency.

Malakoff is one of the 54 Malaysian PLCs to be given this recognition, out of the 234 ASEAN winners. Recipients under this category obtained a score of 97.5 and above, or at least 75% of the maximum attainable score of 130.

Managing Director/Chief Executive Officer Encik Anwar Syahrin Abdul Ajib commended #TeamMalakoff on this win for the continuous efforts in implementing ethical practices and upholding strong corporate governance in all areas of the business.

“This is indeed testament to the Group’s corporate culture and emphasis on doing what’s right, as we continue to uphold strong corporate governance practices. Surely, there are improvements we can make and this win serves as a major boost for us to keep thriving for excellence and not stay complacent. We will continue to make Environmental, Social and Governance (“ESG”) practices a top priority in our business operations as we deliver long-term value to all our stakeholders.”

As the Group continues to play a key role in advancing the transition towards a low-carbon and circular economy future, this is a huge encouragement for all of us at Malakoff to further enhance our ESG efforts. Congratulations #TeamMalakoff!

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