Bursa Malaysia Berhad bagged four awards in the 13th annual edition of the IR Global Rankings (IRGR) for Outstanding Corporate Governance in Asia Pacific, Best Ranked Corporate Governance by Industry (Financials) and Best Online Annual Report in Asia Pacific for 2011. Bursa Malaysia also won the Bronze Award for Investor Relations Website in Asia Pacific. The awards were given in recognition of Bursa Malaysia's exemplary best practice on corporate governance as well as online annual report structure. The IRGR is the most comprehensive ranking system for investor relations websites, online annual reports, corporate governance practices and financial disclosure procedures. More than 600 companies from over 30 countries participated in the 2011 edition of the IRGR. Participants were benchmarked against companies in the global and Asia Pacific region in four main categories comprising Best Ranked IR Website, Best Ranked Online Annual Report, Best Ranked Financial Disclosures Procedures and Best Ranked Corporate Governance Practices.
Bursa Malaysia was accorded the Distinction Award and Special Transparency Award at the MSWG Malaysian Corporate Governance Index 2011 award presentation ceremony.
Bursa Malaysia was awarded the Outstanding Contribution Award by the Islamic Business & Finance Awards, becoming the first institution to win the coveted prize, which has traditionally been presented to individuals. The award is testament to the Malaysian stock market's pre-eminent position in Sukuk issuance. The Islamic Business & Finance Awards, running for its sixth year, is one of the most prominent events in the Gulf finance industry. The annual ceremony is designed to highlight, encourage and reward the exceptional performance and growth of the international Islamic business and finance community. These awards are widely considered as a benchmark of excellence in the industry.
In Malaysia, we have long promoted greater transparency and accountability in terms of corporate governance processes and disclosures, and we have been at the forefront of the development of the investor relations profession. These initiatives were given international prominence in April 2010, when Bursa Malaysia received the Investor Relations Global Rankings awards for Best Corporate Governance Practices and Best Online Annual Report in Asia-Pacific. The IRGR awards are organised by MZ Consult, a leading investor relations and financial communications firm, with the support from KPMG, NYSE Euronext, Arnold & Porter, Demarest & Almeida, The Bank of New York Mellon, Corporate Asia Network, Bloomberg, NEVIR, Sodali and MZ-CCG.
Also in April, our 2009 move to open the avenues for efficient capital raising in the ACE Market by high growth companies was given appreciation. Bursa Malaysia was granted a Recognition Award for a Public Organisation that has Supported and Contributed Towards the Malaysia Venture Capital & Private Equity Industry by the Malaysian Venture Capital and Private Equity Association. The ACE Market allows for a much broader spectrum of companies to access the market than the narrower technology based MESDAQ board which ACE replaced. Encouraging emerging businesses to flourish is a key component of a vibrant exchange, and the ACE Market provides a natural investment environment for venture capital and private equity investors.
Bursa Malaysia's work to develop a unique presence in Islamic products is a key element of our overall strategy. It was especially pleasing, therefore, to learn in July that our Shari'ah compliant commodity trading platform, Bursa Suq Al-Sila' won the Market Innovation award from The Asset Triple A Awards 2010 under the Islamic Finance category. Bursa Suq Al-Sila' is the world's first end-to-end Shari'ah trading platform for commodity financing and liquidity management by Islamic banks.
Awards of this nature help cement our position at the forefront of innovation in this increasingly important sector, and this was further enhanced in August when the Ministry of Science, Technology and Innovation, in conjunction with the Islamic Innovation Carnival, conferred the inaugural Islamic Innovation Award to Bursa Suq Al-Sila'. Through creative innovations like this, Bursa Malaysia contributes to the promotion of Islamic financial products globally and the continued Islamic economic development of the country.
The year was rounded off in December with Bursa Malaysia's achievements in the annual Malaysian Corporate Governance Index awards, conducted by the Minority Shareholders Watchdog Group. For the second year running, MSWG has reviewed Malaysian PLCs using a suite of objective and subjective measurement tools. For the second year also, Bursa Malaysia was singled out with a Top Three (Overall) Award for excellence in corporate governance. We also achieved a Distinction Award and a Special Transparency Award. Part of our work is to enhance overall market quality, and encouraging PLCs to adopt leading CG practices has always been high on our agenda.
Bursa Malaysia's world's first Shari'ah-compliant commodity trading platform, Bursa Suq Al-Sila' was awarded the 'Most Outstanding Islamic Finance Product' by KLIFF Islamic Finance Awards 2009. Bursa Suq Al-Sila' was selected amongst numerous Islamic financial products and services despite being launched only in August this year. The awards ceremony was held in conjunction with the 5th Kuala Lumpur Islamic Finance Forum.
Bursa Malaysia's Direct Market Access (DMA) for derivatives has been named the 'Best Innovation by An Exchange' by the Futures & Options World (FOW) Awards 2009 under the category of Customer Service, South and Southeast Asia and Australasia. This award recognised excellence in product and services innovation. This win, which beat 50 other participants, was selected across all categories and regions.
Bursa Malaysia was accorded the Overall Excellence Award, the top recognition for exemplary standards of corporate governance practices, at the inaugural MSWG Malaysian Corporate Governance Index 2009 award presentation ceremony. The Exchange, which shared the top spot with Public Bank Berhad, also received the award for Best Governance and Transparency Index.
Bursa Malaysia was recognised as the Exchange of the Year (Asia Pacific) 2008, ahead of five other top Asia Pacific exchanges at the annual Futures & Options World (FOW) Awards 2008 held in London. The award was due to Bursa Malaysia's concerted efforts to promote, market and make itself attractive to investors outside Malaysia. The FOW Awards 2008 recognised exchanges that made significant contributions towards the progress of global derivatives markets. The awards are part of the annual Derivatives World London, which is one of Europe's largest annual derivatives events, organised by FOW – a global derivatives magazine.
Bursa Malaysia was the first Malaysian company and the only exchange to be recognised by IRGR 2008. Named as one of the five best companies in Asia/Pacific and Africa in the area of CG practices, Bursa Malaysia was also ranked 16 out of 160 companies globally in the CG practices category.
This international award is organised by MZ Consult, a leading investor relations and financial communications firm, with the support of KPMG, NYSE Euronext, Arnold & Porter, Demarest & Almeida, The Bank of New York Mellon, Bloomberg and PR Newswire.
Bursa Malaysia was named the sectoral winner under the Financial Services category in the annual KPMG Shareholder Value Award. The award is based on the continued value that the Exchange provided to its shareholders in 2007.
Organised by KPMG, this prestigious award programme is designed to promote corporate excellence through enhancing levels of disclosure and setting exemplary best practices. The KPMG Shareholder Value Award Programme evaluates all top listed companies on the Exchange.
For the third consecutive year, Bursa Malaysia took second position in the category for Overall Excellence in CG, as part of the CG Survey 2008, conducted by the MSWG.
MSWG's annual survey is an essential guide to stakeholders, allowing them to assess board oversight and management participation in CG. It is part of MSWG's continuing drive to promote CG and shareholder activism.