Latest news with #ACGS
Bangkok Post
20 hours ago
- Business
- Bangkok Post
Thai listed firms notch several awards
Thai listed companies have showcased their regional leadership in the fields of corporate governance and sustainability, earning top honours in the 2024 Asean Corporate Governance Scorecard (ACGS). Thailand secured the most awards in the Asean Asset Class category (74 out of 250 companies) and achieved the highest average score in Asean at 103.83 points, surpassing results achieved in previous years. Organised by Malaysia's Minority Shareholders Watch Group with support from the Asean Capital Markets Forum and the Asian Development Bank, the ACGS assessed companies in six Asean countries using updated 2023 criteria aligned with the G20/OECD Principles of Corporate Governance. Thai companies were recognised across all three award categories: Asean Asset Class Plcs (74 Thai firms scored above 97.5 points), Asean Top 50 Plcs (16 Thai firms ranked among the region's top 50) and Country Top 5 (Thailand) (PTT, PTTEP, PTTGC, SCGP and Thai Oil). Pornanong Budsaratragoon, secretary-general of the Securities and Exchange Commission (SEC), said regulatory enhancements, including revisions to the 56-1 One Report and alignment with international environmental, social and governance (ESG) standards, played a role in supporting companies' progress in corporate sustainability and transparency. "We are delighted Thai listed companies continue to make significant progress," said Mrs Pornanong. "Thailand has the highest number of recognised companies in the Asean Asset Class and the highest average score in the region, reflecting a strong commitment to sustainable business value." She said the SEC will continue enhancing disclosure regulations to align with international sustainability reporting standards, including IFRS S1 and S2 developed by the International Sustainability Standards Board, to maintain Thailand's global standing. Kulvech Janvatanavit, chief executive of the Thai Institute of Directors, emphasised notable progress in ESG reporting, stakeholder engagement and the integration of risk management practices. He said Thai companies are increasingly adopting global frameworks such as the Global Reporting Initiative and the Task Force on Climate-Related Financial Disclosures, strengthening their focus on long-term value creation.
The Sun
2 days ago
- Business
- The Sun
Bursa Malaysia recognised as one of top 50 PLCs in Asean, top 5 in Malaysia
PETALING JAYA: Bursa Malaysia Bhd was recognised as one of the Top 50 Asean Public Listed Companies and among the Top 5 PLCs in Malaysia at the recent Asean Corporate Governance Awards hosted by the Minority Shareholders Watch Group, the domestic ranking body for Malaysia, and officiated by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. The Asean Corporate Governance Awards recognises Asean PLCs that demonstrate excellence in governance, based on the rigorous 2024 Asean Corporate Governance Scorecard (ACGS) Regional Assessment. The ACGS is a regional initiative under the Asean Capital Markets Forum, developed in collaboration with the Asian Development Bank, to assess, enhance, and promote corporate governance among PLCs across six participating Asean countries. The ACGS is conducted biennially, recognising top-performing PLCs that demonstrate strong governance frameworks and practices in line with international standards, with a focus on transparency, accountability and board effectiveness. Bursa Malaysia CEO Datuk Fad'l Mohamed said: 'We are honoured to be recognised once again at the Asean Corporate Governance Awards, which reflects our enduring leadership and commitment in upholding the highest standards of governance, transparency, and accountability. Strong corporate governance is the bedrock of a resilient and trusted capital market. Hence, Bursa Malaysia invariably actively champions governance excellence – both within the exchange, and across our ecosystem – as a key foundation for investor confidence and sustainable economic growth.'
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa Malaysia among top 50 Asean PLCs, top five in Malaysia
KUALA LUMPUR: Bursa Malaysia Bhd has been recognised as one of the top 50 Asean Public Listed Companies (PLCs) and among the top five PLCs in Malaysia at the Asean Corporate Governance Awards held last night. In a statement, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the recognition reflects the exchange's enduring leadership and commitment to upholding the highest standards of governance, transparency, and accountability. "Strong corporate governance is the bedrock of a resilient and trusted capital market. Bursa Malaysia actively champions governance excellence – both within the exchange and across our ecosystem – as a key foundation for investor confidence and sustainable economic growth," he said. Hosted by Malaysia's domestic ranking body, the Minority Shareholders Watch Group, the Asean Corporate Governance Awards recognise Asean PLCs that demonstrate excellence in governance based on the rigorous 2024 Asean Corporate Governance Scorecard (ACGS) Regional Assessment. The event was officiated by Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Developed in collaboration with the Asian Development Bank, the ACGS is a regional initiative conducted biennially under the Asean Capital Markets Forum to assess, enhance, and promote corporate governance among PLCs across six participating Asean countries. It recognises top-performing PLCs with strong governance frameworks and practices aligned with international standards, focusing on transparency, accountability and board effectiveness, while contributing to the Asean region's growth and attractiveness to investors. — BERNAMA
