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UEM Sunrise wins “Industry Excellence” award at the MSWG-ASEAN corporate governance award 2020


MSWG-ASEAN Corporate Governance Award 2020

20 AUGUST, KUALA LUMPUR – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, has won the Minority Shareholders Watch Group (MSWG)-ASEAN Corporate Governance Award 2020 in the Industry Excellence Award category.

The Company has also improved its Corporate Governance (CG) Disclosure ranking to 15th out of 100 public-listed companies (PLCs) across all sectors from 28th in 2019. UEM Sunrise was also ranked second among only four award winners in the Property category. In total, 851 PLCs were assessed in 2020 using the ASEAN CG Scorecard.

Thanking MSWG for the award, UEM Sunrise Chairman Dato’ Noorazman Abd Aziz said: “It is an honour to be in good company and to have our efforts recognised with this prestigious accolade. Corporate Governance is a vital component upheld by our Board in delivering value to our stakeholders and forms the basis of our culture of professionalism and integrity.”

UEM Sunrise Chief Executive Officer Sufian Abdullah said this Industry Excellence accolade under MSWG-ASEAN Corporate Governance Award is the second award in three years and a testament to the Company’s commitment to Corporate Governance, and being transparent and accountable.

“The culture of Corporate Governance, transparency and integrity is something that we have been continually making strides to embody and entrench. This is evidenced by the continued increase in the CG Disclosure rankings and our recent listing in the FTSE4Good Bursa Malaysia Index (F4GBM) where we received maximum score in the Governance category. This Award will continue to reaffirm us that we are on the right track in establishing a sustainable value chain for our customers and investors,” he said.

According to MSWG, the ASEAN CG Scorecard which records the PLC’s implementation of the substance of good corporate governance, is based on the OECD Principles of CG which contain five areas such as rights of shareholders, equitable treatment of shareholders, role of stakeholders, disclosure and transparency, and responsibilities of the Board. It also comprises bonus items which reflect other emerging good practices, and penalty items that cover actions and events that are indicative of poor governance.

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