Wednesday, July 26th, 2006

Bursa Malaysia Unveiled It New Investor Relations Policy

Reported In The Star (26/7/06)
Bursa Malaysia yesterday unveiled its new Investor Relations (IR) policy in a move towards enhancing IR practices and to act as an important vehicle for communicating to shareholders, stakeholders and investors. 


The SC’s CEO Yusli Mohamed Yusoff further states:
 

  • SC as a regulator and listed entity would want to be a catalyst towards further developing the practice of good IR;
  • This policy is a reflection of how Bursa Malaysia attaches importance to maintaining an open dialogue with the market and media through clear, timely transparent information like financial results announcements, press releases and analyst/investor briefings;
  • This IR policy is important particularly in the current environment which demands greater disclosure and corporate accountability, hence the need for public listed companies (PLCs) to know how to effectively manage and disseminate corporate information as well as communicate to all relevant stakeholders;
  • The SC cautions that many Malaysian PLC would have established good investor relationship but apparently there is no clearly spelled out IR policy. Hence, SC would  strongly encourage all PLCs to come up with an IR policy and implement the IR activities actively.
  • She further stress that the policy should be endorsed by the board and communicated to all employees within the organisation is critical to ensure the objectives of IR practices and role of the respective parties are clear,
     

Once again, let’s congratulate SC for this investor relation policy so as to promote and encourage greater corporate transparency, disclosure and governance amongst all PLC in Malaysia.
 

[ Bursa Malaysia’s IR policy, which outlines a framework for IR practice, is posted on its website at www.bursamalaysia.com. ]

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