KUALA LUMPUR, March 16 (Bernama) -- Now in its 32^nd year, the National Annual Corporate Reporting Awards (NACRA) 2022 has called for entries at the NACRA 2022 Virtual Launch held today. The closing date for registration and submission of entries is 31 May 2022.
 
Organised by Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA), NACRA deems it important for organisations to deliver high-quality corporate reports that tell their unique value creation stories in order to support investors in their actionability and decision-making.
 
NACRA guides organisations to balance the disclosure of financial and non-financial information to show how they stayed agile and resilient to continuously create long-term stakeholder value. “This is what the market and investors are seeking from today’s corporate reports. They expect a comprehensive yet concise, reliable, balanced, and comparable analysis that clarifies the enterprise’s strategic focus and future directions, to facilitate their decision-making processes,” said Ong Chee Wai, Chairman, NACRA 2022 Organising Committee in his welcome remarks. 
 
As per past years, NACRA has assembled an independent panel of expert adjudicators who are well-versed with the latest issues and developments in business and markets, as well as corporate reporting and sustainability disclosures, commented Ahmad Zahirudin Abdul Rahim, Chairman, the NACRA 2022 Adjudication Committee in his remarks.
 
NACRA will assess companies’ annual reports against their peers within the same tier of market capitalisation. “There are three different tiers of market capitalisation and participants will be sub-divided into the appropriate tier based on their organisation’s market capitalisation,” added Ahmad Zahirudin.
 
To ensure that corporate reporting in Malaysia is up-to-date with the latest local and global developments, reporting frameworks and best practices, the NACRA framework and assessment criteria incorporates elements that, among others:
 
· Align with the latest Malaysian Code on Corporate Governance (MCCG), which was reviewed and updated in April 2021 to strengthen Board governance and integrate sustainability into business
· Emphasise on sustainability to encourage organisations to integrate ESG (environmental, social, governance) considerations into their business models and disclosures, including narratives on how they address climate change, net zero targets, labour rights violations and modern slavery, to name a few key emerging risks.
· Facilitate investor demands for greater accountability and transparency on how the COVID-19 pandemic which continues to be ranked as a significant risk affects businesses and their prospects.

All public listed and non-public listed organisations as well as other organisations established in Malaysia are cordially invited to participate in NACRA. All organisations will compete for Excellence Awards according to market capitalisation for listed companies, with a separate category for non-listed organisations. All participants are also eligible to compete for the Best Sustainability Reporting and Best Designed Annual Report. Those participants who submit the Bahasa Malaysia version of their annual report will be eligible to compete for the title of Best Annual Report in Bahasa Malaysia. 
 
NACRA was first established in 1990 by Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA) to inspire high quality corporate reporting in line with its perennial theme of “Towards Accountability and Excellence”.
 
For registration or more information about NACRA 2022, please click HERE or contact the NACRA Secretariat at nacra@mia.org.my.

NOTE TO EDITOR:
 
Bursa Malaysia
Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.
 
Malaysian Institute of Accountants (MIA)
Established under the Accountants Act 1967, MIA is the national accountancy body that regulate, develops, supports and enhances the integrity, status and interests of the profession in Malaysia.  MIA accords the Chartered Accountant Malaysia or “C.A. (M)” designation. Working closely alongside businesses, MIA connects its membership to a wide range of information resources, events, professional development, and networking opportunities. Presently, there are more than 37,000 members making their strides in businesses across all industries in Malaysia and around the world. MIA’s international outlook and connections are reflected in its membership of regional and international professional organisations such as the ASEAN Federation of Accountants (AFA), and the International Federation of Accountants (IFAC). For more information on MIA, visit www.mia.org.my.
 
The Malaysian Institute of Certified Public Accountants (MICPA)
The Malaysian Institute of Certified Public Accountants (MICPA) was incorporated in 1958 and is the only local body in Malaysia which conducts a professional accountancy examination recognised under the Accountants Act 1967. MICPA’s objective is to advance the theory and practice of accountancy in all its aspects, recruit, educate and train a body of CPAs who are equipped with the technical knowledge and competencies needed to provide value add services of the highest quality. The CPA designation is widely recognised as a premier brand of professional business qualification. For more information: www.micpa.com.my.

SOURCE: Malaysian Institute of Accountants (MIA)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Thane Meyyappan                                         
Tel: +603 2722 9184 / +6012 248 9534                
Email: communications@mia.org.my

Name: Zulaikha Nurain bt Mudzar
Tel: +603 2722 9266 / +6017 303 2296

--BERNAMA