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(Utusan Express)

PUBLIC BANK WINS CORPORATE REPORT AWARD AGAIN
Thursday, 04/12/2003

Kuala Lumpur: Dec 4 - Public Bank Bhd proved its stance on excellent corporate reporting by bagging the overall excellence award for the Most Outstanding Annual Report of the Year at the National Annual Corporate Report Awards (NACRA).

It was the second consecutive year the bank won the award.

Public Bank also bagged the Industry Excellence Award for Main Board companies in the finance segment, said Malaysian Institute of Accountants in a statement.

Meanwhile, Kumpulan Guthrie Bhd walked home with two awards - the industry excellence award for Main Board companies in the plantations and mining sector and the Best Annual Report in Bahasa Malaysia.

NACRA Award 2002

Other winners in the industry excellence awards for Main Board companies include British American Tobacco (Malaysia) Bhd (consumer products), Petronas Gas Bhd (industrial products and technology), Telekom Malaysia Bhd (trading and services), IJM Corporation Bhd (construction & infrastructure project companies), and Island & Peninsular Bhd (properties, hotel & trusts).

Telekom Malaysia also won the best designed annual report while Shell Refining Company (Federation of Malaya) Bhd bagged the environmental reporting award, and CIMB Bhd took the special award for non-listed organisations.

While all the companies listed on the Kuala Lumpur Stock Exchange automatically qualified for the NACRA competition and underwent a preliminary screening process, only 93 passed the preliminary screening and qualified for detailed adjudication.

It said 86 of those companies were from Main Board, while seven were from Second Board.

In a speech at the event, Minister of Domestic Trade and Consumer Affairs Tan Sri Muhyiddin Mohd Yassin said the Companies Commission of Malaysia would be issuing a Consultation Document on a new form of business vehicle to be known as Limited Liability Partnership (LLP).

He said the objective of issuing the consultation document was to seek views on whether the LLP should be introduced as another local business vehicle.

He said the document would seek views on the proposed contents of the would-be legislation governing LLP.

The Consultation Document will be made available at the Companies Commission of Malaysia website on Dec 5, 2003, and the consultation process will end on Jan 31, 2004.

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