KUALA LUMPUR, Dec 22 — The corporate reporting has at its foundation, the need to keep stakeholders well informed about the company, and about the actions of those to whom they have entrusted the responsibility of managing it, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.
He said there is a clear relationship between trust, reputation and value, and corporate reporting is the link between a company and its investors.
Highlighting the importance of corporate reporting, he said a company could enhance or damage its reputation not only through the way it behaves but also how it reports.
“So, what should be reported and how it is presented must evolve with the changing landscape. Information that companies should provide must be relevant to what stakeholders need and want,” he said.
Abdul Wahid said this in his congratulatory remarks at the virtual National Annual Corporate Report Awards (NACRA) 2020 — Announcement of Winners today.
Source: Bernama- 22 December 2020 (Tuesday)