2018 | Quarter 3

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Malakoff Wins Marim Award 2018

Malakoff Corporation Berhad (Malakoff), a member of MMC Group won the Risk Management Team of the Year Award held in conjunction with the Malaysian Association of Risk and Insurance Management (MARIM) Conference 2018 at Renaissance Hotel, Kuala Lumpur.

The award was presented by YBhg Datuk Ir. Lim Tong Kang, Chairman of MARIM to En Yusop Abdul Rashid, Head of Corporate Affairs & Stakeholder Management Division, Malakoff.

The other finalists were FGV Holdings Berhad won the first runner-up and UEM Edgenta Berhad won the second runner-up.

MARIM, a non-profit association, serves as a primary resource centre for risk management dedicated to promoting and raising the awareness and standards of risk management in organisations.

The award recognises the Risk Management Team in the risk management fraternity which demonstrates that the team has gone the extra mile with measurable results in effectively implementing risk management practices. The award also sets the benchmark for the risk management professionals in the country.

Malakoff won the award based on the materials submitted and presentations to four judges covering team structure, understanding challenges in implementing risk management in organisation, innovative risk management initiatives implemented to address challenges with evidence of effective team planning, communications and collaboration as well as evidence on measurable benefits and positive impacts to the organisation.